Business
EXERCISE OF WARRANTS AND DIRECTOR DEALING
EXERCISE OF WARRANTS AND DIRECTOR DEALING.
About this update from Oxford Biodynamics Plc
[{"type":"text","content":"\n \nRNS Number : 3583Y Oxford BioDynamics PLC 05 December 2017 \n\n \n \nOXFORD BIODYNAMICS PLC\n \nEXERCISE OF WARRANTS, DIRECTOR DEALING AND TOTAL VOTING RIGHTS\n \nLondon, 5 December 2017: Oxford BioDynamics Plc (AIM: OBD) (the \"Company\") announces that it has received notice from Wentworth Limited (\"Wentworth\") of the exercise of 689,441 warrants in exchange for the issue of 689,441 ordinary shares of 1 pence each (\"Ordinary Shares\") (the \"New Ordinary Shares\"). The warrant exercise was effected at the nominal price of 1 pence per Ordinary Share and, in accordance with the terms of the warrant instrument, Wentworth has simultaneously waived its subscription rights to the balance of 1,032,523 warrant shares previously held.\n \nWarrants over 1,721,964 Ordinary Shares were granted to Wentworth on 30 November 2016 in consideration for Wentworth procuring placees pursuant to the placing which took place on 6 December 2016, and general corporate and strategic advice. David Williams, the Company's Chairman, is the beneficial owner of Wentworth. \n \nFollowing exercise of these warrants, through his beneficial ownership of Wentworth, David Williams will be interested in a total of 1,322,352 Ordinary Shares of 1 pence each in the Company, representing approximately 1.52% of the Company's issued share.\nApplication will be made for the New Ordinary Shares, which rank pari passu in all respects with the Company's existing Ordinary Shares, to be admitted to trading on AIM which is expected to occur on or around 12 December 2017.\nFollowing issue of the New Ordinary Shares, the Company's total issued share capital will consist of 86,787,669 Ordinary Shares with one voting right per share. The Company does not hold any Ordinary Shares in Treasury. Therefore, following the issue of the New Ordinary Shares, the total number of voting rights in the Company is 86,787,669. This figure may be used by shareholders 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 Company under the FCA's Disclosure Guidance and Transparency Rules.\nThe notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further details:\n \n\n\n\n\n1...