Business
Exercise of Warrants and Total Voting Rights
Exercise of Warrants and Total Voting Rights.
About this update from Microsalt Plc
[{"type":"text","content":"\n\n30 July 2024\n \nMicroSalt Plc\n \n(\"MicroSalt\" or the \"Company\")\n \n \nExercise of Warrants and Total Voting Rights\n \n \nMicroSalt plc, a company commercialising a patented technology to produce full-flavour, low-sodium salt for food manufacturers and consumers, announces that 430,234 ordinary shares of £0.001625 each (\"Ordinary Shares\") have been allotted to certain shareholders.\n \nExercise of Warrants\n \nFurther to the announcement dated 24 May 2024, the Company has exercised its right under the warrant instrument dated 26 January 2024 to call outstanding warrants over 7,313,976 Ordinary Shares (\"Warrants\"), pursuant to which a further 430,234 Ordinary Shares have been issued to warrant holders (\"Warrant Exercise\"). The Warrants are exercisable at a price of 47.3 pence per Ordinary Share.\n \nFollowing this Warrant Exercise, the deadline for any future warrant exercises has now passed. Therefore the balance of 2,513,995 Warrants have now been cancelled and cannot be issued at a future date.\n \nApplication has been made to the London Stock Exchange for the admission of 430,234 new Ordinary Shares. It is expected that admission will become effective on or around 31 July 2024 (\"Admission\").\n \nTotal Voting Rights\n \nFollowing Admission, the total number of ordinary shares and voting rights in the Company will be 48,217,134. The Company does not hold any shares in treasury.\n \nThe above figure 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, the share capital of the Company under the FCA's Disclosure and Transparency Rules.\n \nFor further information, please visit MicroSalt's website or contact:\n \n\n\n\n\nMicroSalt plc\n\n\nVia Flagstaff PR\n\n\n\n\nRick Guiney, CEO \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nZeus (Nominated Adviser and Broker)\n\n\n+44 (0)20 3829 5000\n\n\n\n\nDavid Foreman / James Edis (Investment Banking)\n\n\n\n\n\n\n\nDom King (Corporate Broking), Rupert Woolfenden (Sales)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFlagstaff PR (Financial PR/IR) \n\n\n+44 (0)20 7129 1474\n\n\n\n\nTim Thompson / Alison Allfrey / Anna Probert\n\n\n\n\n\n\n\n \n \nNotes to ...