Exercise of Warrants

02 May 2014

Concha (AIM: CHA) announces that it has received notice of the exercise of 4,464,286 warrants thereby generating gross cash proceeds of £15,625 for the Company. Further detail on the warrant exercise is below:

Exercise price (pence) Expiry date Number of warrants exercised
0.35 7 June 2016 4,464,286

Following the exercise of the warrants, the total number of warrants outstanding will be 339,826,210.

Admission to Trading & Total Voting Rights

Pursuant to the above exercise, 4,464,286 new ordinary shares of 0.1 pence each in the Company (the "New Ordinary Shares") have been issued and allotted and application has been made for their issue to trading on AIM. The New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares. It is expected that admission will become effective and that dealings in the New Ordinary Shares will commence at 8.00 a.m. on 12 May 2014.

Following admission of the New Ordinary Shares, the Company's issued share capital will consist of 1,294,923,069 ordinary shares with voting rights. Concha does not hold any ordinary shares in treasury. The aforementioned figure of 1,294,923,069 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 to their interest in, Concha under the FCA's Disclosure and Transparency Rules.

 

For further information, please contact:

Concha plc
Chris Akers, Executive Chairman
chris.akers@srgplc.com
www.concha-plc.com
   
Strand Hanson Limited
James Harris / Andrew Emmott / Ritchie Balmer
+44 (0) 20 7409 3494

 

<< Back to press releases