Exercise of Warrants

10 Jun 2015 14:15

10 June 2015

Armadale Capital Plc (‘Armadale’ or ‘the Company’)

Exercise of Warrants

Armadale, the AIM quoted investment company focused on natural resource projects in Africa, announces that it has received notice of exercise in respect of 175,000,000 warrants at a price of 0.0225p per ordinary share. Accordingly the Company has today issued 175,000,000 ordinary shares arising from the exercise.

The Company has applied for admission of the 175,000,000 new Shares to trading on AIM. Dealings are expected to become effective on 16 June 2015 (‘Admission’). Following Admission, the Company will have 6,339,079,997 Shares in issue with each Share carrying the right to one vote. There are no Shares currently held in treasury. The total number of voting rights in the Company therefore will be 6,339,079,997 and this figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority’s Disclosure Rules and Transparency Rules.

**ENDS**

Enquiries:

Armadale Capital

Charles Zorab, Company Secretary +44 20 7233 1462

Nomad and broker: finnCap Limited

Stuart Andrews +44 207 220 0500

Christopher Raggett

Joint broker: VSA Capital Limited

Bhavesh Patel/Richard Buckle +44 203 005 5000

Press relations: St Brides Media & Finance Ltd.

Hugo de Salis +44 207 236 1177

Charlotte Heap

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