Business
Notice of Exercise of Warrant
Notice of Exercise of Warrant.
About this update from Time Finance Plc
[{"type":"text","content":"\n Timestrip PLC\n28 March 2006\n\n\n\n Timestrip plc ('the Company')\n\n Notice of Exercise of Warrant\n\n\nThe Company announces that, in accordance with the terms of a warrant instrument\nissued on 28 January 2005 ('Warrant Instrument'), it has written to the\nwarrantholders to give notice that with effect from the close of business on 24\nMarch 2006 the Middle Market Price of the Ordinary Shares of the Company had not\nbeen less than 8 pence per share for a consecutive period of 30 days. The\nCompany is exercising its right pursuant to clause 1.4 of the Warrant Instrument\nto give notice to the warrantholders that the warrants granted pursuant to the\nWarrant Instrument are to expire if not exercised before 27 April 2006. There\nare 15,733,411 warrants outstanding, exercisable at 6 pence per warrant, which\nif exercised would represent 5.28% of the current issued share capital.\n\n28 March 2006\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1293,"tagName":"div"}]