Less Ads, More Data, More Tools Register for FREE

Exercise of Warrants

15 Jan 2013 16:25

RNS Number : 6179V
Totally PLC
15 January 2013
 



15 January 2013

AIM: TLY

Totally Plc

 

("Totally", "the Group" or "the Company")

 

Exercise of Warrants

 

The Company announces that, further to the announcements made on 5th and 19th December 2012, it has received the proceeds of the Second Subscription amounting to £568,383.40 and has therefore issued, conditional on admission to trading on AIM, 56,838,340 new ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") in relation to the Second Subscription.

 

Proceeds of the Warrant Placing totalling £1,136,766.81 have now been received by the Company and are being used both to pay down debt and to provide working capital to fund the business going forward. Following completion of the Warrant Placing, the Directors believe that the Company has the necessary cash resources to successfully implement its business plan.

 

Application has been made for 56,838,340 new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 21 January 2013. Following the issue of these shares, the Company will have 205,624,615 Ordinary Shares in issue. Therefore following Admission, the total number of voting rights in the Company will be 205,624,615.

 

All definitions used in this announcement have the same meaning as in the Company's announcement of 5th December 2012, unless otherwise defined herein.

 

Clare Wexler, CEO of Totally PLC said: "We are delighted at the success of this Warrant conversion we conducted in association with Optiva Securities. The cash injection into the Company gives us a solid platform from which to deliver on our business plan and deliver growth for Totally shareholders."

 

For further information please contact:

 

Totally Plc

Tel: 020 7284 9730

Clare Wexler / Don Baladasan

Allenby Capital Limited(Nominated Adviser & broker)

Tel: 0203 328 5656

Mark Connelly / Nick Athanas

 

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

Related Shares

Back to RNS

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.