Business
Exercise of Warrants
Exercise of Warrants.
About this update from Tekcapital Plc
[{"type":"text","content":"\n \nRNS Number : 1345Z Tekcapital plc 10 March 2017 \n\n \nTekcapital plc\n(\"Tekcapital\" or the \"Company\")\n \nExercise of Warrants\n \nTekcapital plc (AIM: TEK), an international provider of technology and intellectual property services, announces that the Company has received notice on behalf of Optiva Securities Limited (\"Optiva\") in respect of the exercise of warrants to acquire 265,000 new ordinary shares of 0.4 pence each in the Company (\"Ordinary Shares\"). \n \nThe warrants, which were granted to Optiva at the time of the Company's admission to AIM, have an exercise price of 25 pence per Ordinary Share, which is equivalent to the issue price of the Ordinary Shares that were issued in the placing which accompanied Tekcapital's admission to AIM. The warrants were due to expire on 4 April 2017. Further details of the warrants can be found in the Company's Admission Document dated 31 March 2014. The proceeds receivable by the Company from this warrant exercise are approximately £66,250.\n \nPursuant to the above warrant exercise, application will be made for the 265,000 new Ordinary Shares to be admitted to trading on AIM which is expected to become effective at 8.00 a.m. on or around 16 March 2017. Following admission, the new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares. \n \nFollowing admission of the new Ordinary Shares, the Company's issued ordinary share capital will consist of 42,654,707 Ordinary Shares with one voting right per share. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 42,654,707. With effect from admission, this 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 Guidance and Transparency Rules.\n \n\n\n\n\n \n\n\n \n\n\n\n\nFor further information, please contact:\n \n\n\n\n\nTekcapital Plc\n\n\nVia Walbrook PR\n\n\n\n\nClifford M. Gross, Ph.D.\n\n\[email protected]\n\n\n\n\n \nAllenby Capital Limited (Nominated Adviser & Joint Broker)\n\n\n \n+44 (0) 20 3328 5656\n\n\n\n\nJere...