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Exercise of Warrants and Issue of Equity

3 Aug 2017 13:57

RNS Number : 0287N
Legendary Investments PLC
03 August 2017
 

3 August 2017

Legendary Investments PLC("Legendary" or the "Company")

Exercise of Warrants and Issue of Equity

Legendary Investments PLC (AIM: LEG) announces that it has received notice from certain of its warrant holders for the exercise of 80,000,000 warrants over ordinary shares of 0.1p in the Company ("Ordinary Shares") for a total consideration of £80,000. Accordingly, the Company has issued 80,000,000 new Ordinary Shares.

Application will be made for the 80,000,000 new Ordinary Shares to be admitted to AIM, with admission expected to occur on or around 9 August 2017. The new ordinary shares will rank pari passu with the existing ordinary shares.

Following admission of the new Ordinary Shares, the Company's enlarged issued share capital will comprise of 3,044,636,893Ordinary Shares with one voting right per share. There are no shares held in treasury and the total number of voting rights in the Company is therefore 3,044,636,893. This figure of 3,044,636,893 Ordinary Shares 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 in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

The information contained within this announcement is considered to be inside information, for the purposes of Article 7 of EU Regulation 596/2014, prior to its release.

- Ends -

Legendary Investments PLC

Zafar Karim / Thomas Reuner

 

020 8201 3536

Grant Thornton UK LLP

 

Colin Aaronson / Harrison Clarke

 

020 7383 5100

Beaufort Securities Limited

Elliot Hance

020 7382 8300

 

About Legendary Investments PLC

Legendary Investments PLC is a proactive investment company that focuses on making investments in and assisting companies which exhibit the potential to generate returns of many multiples through capital appreciation. Typically, Legendary invests in small companies where there are clear catalysts for value appreciation and the companies are operating in sectors exhibiting long term growth. Examples of such sectors include technology, energy and natural resources.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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