19 Nov 2015 10:02
Tangent Communications plc ("Tangent" or the "Company")
Exercise of Options
Tangent announces that on 18 November 2015, an employee of the Company exercised 62,315 options under the Tangent unapproved share option scheme. The options have an exercise price of 1 pence per share.
Application has been made for the 62,315 new Ordinary Shares to be admitted to trading on AIM and trading in such shares is expected to commence on 24 November 2015 ("Admission"). On Admission, the 62,315 new ordinary shares issued will rank pari passu with the Company's existing ordinary shares of 1 pence each ("Ordinary Shares").
Following Admission, the total number of Ordinary Shares in the Company with voting rights will be 277,484,851.
Tangent Communications plcTimothy Green - Chief Executive: 020 7462 6101Jamie Beaumont - Chief Financial Officer: 020 7462 6101
Canaccord Genuity Limited - Nominated adviser and broker
Bruce Garrow / Emma Gabriel: 020 7523 8350