Issue and Exercise of Warrants

06 November 2014

Concha (AIM: CHA) announces that it has issued 2,000,000 warrants to subscribe for ordinary shares of 0.1p each in the Company ("Ordinary Shares") at a price of 4p per Ordinary Share. The exercise period for these warrants is two years. The warrants were issued as fees in connection with the equity fundraising announced on 22 October 2014.

In addition, the Company has received notice of the exercise of 1,437,500 warrants thereby generating gross cash proceeds of £5,031 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 1,437,500

Following the issue and exercise of warrants, as set out above, the total number of warrants outstanding will be 361,009,595.

Admission to Trading & Total Voting Rights

Pursuant to the above exercise, 1,437,500 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 11 November 2014.

Following admission of the New Ordinary Shares, the Company's issued share capital will consist of 1,475,739,685 ordinary shares with voting rights. Concha does not hold any ordinary shares in treasury. The aforementioned figure of 1,475,739,685 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.



Concha plc
Chris Akers, Executive Chairman
SPARK Advisory Partners Limited (Nominated Adviser)
Sean Wyndham-Quin / Mark Brady
+44 (0) 203 368 3550
Buchanan (Financial PR)
Mark Edwards
+44 (0) 207 466 5000


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