26 Jul 2010 07:00
26 July 2010
Cellcast plc
("Cellcast" or the "Company")
Exercise of warrants
Cellcast plc announces that on 23 July 2010 Headstart Funds ("Headstart") exercised 1,500,000 warrants over new ordinary shares of 1p each in Cellcast, at an exercise price of 2.75 pence per share. Prior to the exercise of the warrants Headstart held no shares in Cellcast. Application will be made for the 1,500,000 new ordinary shares in Cellcast to be admitted to trading on AIM ("Admission") and it is expected that Admission will take place on or around 30 July 2010.
On Admission Cellcast will have 77,513,524 ordinary shares of 1p each in issue. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Services Authority's Disclosure and Transparency Rules.
For further information:
| Cellcast plc |
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| Andrew Wilson, CEO | Tel: +44 (0) 20 7190 0300 |
| andrew@cellcast.tv | www.cellcast.tv |
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| Allenby Capital Limited |
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| Nick Naylor / James Reeve | Tel: +44 (0) 20 3328 5656 |
| n.naylor@allenbycapital.com |
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