Business
Exercise of Warrants
Exercise of Warrants.
About this update from Central Asia Metals Plc
[{"type":"text","content":"\n \nRNS Number : 8894N Central Asia Metals PLC 31 July 2014 \n \n\n31 July 2014\n \n \nCENTRAL ASIA METALS PLC\n(\"CAML\" or the \"Company\")\n \nExercise of Warrants\n \nCentral Asia Metals plc (AIM: CAML), has been notified by Mirabaud Securities LLP ('the Warrant Holder') of the exercise of a Warrant, which was issued for placing fees in respect of the September 2010 initial public offering and entitles the Warrant Holder to subscribe for 932,053 Ordinary Shares of US$0.01 each ('Warrant Shares') being the remaining balance out of the initial 1,192,053 warrant shares granted, at a price of 96p per warrant share raising £894,770.88.\nThe Company has received payment of £894,770.88 and has applied for admission of the Warrant Shares to trading on AIM (\"Admission\"). The Warrant Shares will rank pari passu in all respects with the Company's existing Ordinary Shares. It is expected that Admission will become effective at or around 8.00 a.m. on 6 August 2014. The total number of Ordinary Shares in issue, following the issue of the Warrant Shares, and the total number of voting rights, will be 111,333,663 (excluding treasury shares).\nThe above figure of 111,333,663 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, CAML under the FCA's Disclosure and Transparency Rules.\nFor further information contact:\n\n\n\n\n \nCentral Asia Metals plc\n\n\nTel: +44 (0) 20 7898 9001\n\n\n\n\nNick Clarke, CEO\nNigel Robinson, CFO\n\n\n \n\n\n\n\n \nPeel Hunt LLP (Nominated Adviser & Joint Broker)\n\n\nTel: +44 (0) 20 7418 8900\n\n\n\n\nMatthew Armitt\nRoss Allister\n\n\n \n\n\n\n\n \nMirabaud Securities LLP (Joint Broker)\n\n\nTel: +44 (0) 20 7878 3362\n\n\n\n\nPeter Krens\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nBell Pottinger\n\n\nTel: +44 (0) 20 7861 3232\n\n\n\n\nMark Antelme\nLorna Cobbett\n\n\n \n\n\n\n\n \n \nNote to editors:\nCentral Asia Metals is an AIM-listed UK company based in London. Its countries of operation are Kazakhstan and Mongolia. CAML is a copper producing company focussed on base metals. The Company also has a 50% equity interest in Copper Bay Ltd, which is carrying...