Exercise of Warrants by a Director

07 January 2016

Concha (AIM: CHA) announces Russell Backhouse has today exercised 15,317,227 warrants thereby generating gross cash proceeds of £53,610.29 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 15,317,227

As a result of this Russell Backhouse will own 15,317,227 Ordinary Shares, representing 0.98% of the issued share capital in the Company.

Following the exercise of the warrants, the total number of warrants outstanding will be 266,692,368.

Admission to Trading & Total Voting Rights

Pursuant to the above exercise, 15,317,227 new ordinary shares of 0.1 pence each in the Company (the "New Ordinary Shares") have been issued and allotted and application will be 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 or about 14 January 2016.

Following admission of the New Ordinary Shares, the Company's issued share capital will consist of 1,568,056,912 ordinary shares with voting rights. Concha does not hold any ordinary shares in treasury. The aforementioned figure of 1,568,056,912 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


<< Back to press releases