Geiger Counter Ltd : Confirmation of Subscripti...

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14 December 2017

GEIGER COUNTER LIMITED
(THE "COMPANY")

Confirmation of Subscription Price
and
Issue of Subscription Shares

Subscription Price

In connection with the bonus issue of Subscription Shares, details of which are set out in the Company's listing document dated 27 November 2017 (the "Listing Document"), the Subscription Price is equal to the published unaudited NAV per Ordinary Share as at the close of business on Wednesday, 13 December 2017 plus a premium depending on the year in which they are exercised (with the resulting Subscription Price being rounded to two decimal places).  . Accordingly, the Subscription Price will be as follows:

• if Subscription Shares are exercised to have effect on the last Business Day in November 2018, 24.98 pence, being a 5 per cent. premium to the NAV on 13 December 2017, rounded to two decimal places;
• if Subscription Shares are exercised to have effect on the last Business Day in November 2019, 26.17 pence, being a 10 per cent. premium to the NAV on 13 December 2017, rounded to two decimal places; and
• if Subscription Shares are exercised to have effect on the last Business Day in November 2020, 28.55 pence, being a 20 per cent. premium to the NAV on 13 December 2017, rounded to two decimal places;

Issue of Subscription Shares

The Board has today issued 37,792,223 Subscription Shares pursuant to the Bonus Issue, conditional only on the admission of such Subscription Shares to listing on The International Stock Exchange and to trading on the London Stock Exchange's SETSqx platform ("Admission").  Applications have been made for Admission.  Admission is expected to beome effective, and dealings are expected to commence in the Subscription Shares, at 8.00 a.m. on 15 December 2017.

Following Admission, there will be 75,584,492 Ordinary Shares and 37,792,223 Subscription Shares in issue.  No Shares are held in treasury.

The dealing codes for the Subscription Shares will be as follows:

• ISIN: JE00BF5TR491.
• SEDOL: BF5TRH2.
• Ticker: GCS.

Expected Timetable

Admission of Subscription Shares to listing on TISE and to trading on London Stock Exchange's SETSqx platform effective	Friday, 15 December 2017
Crediting of CREST stock accounts in respect of Subscription Shares issued in uncertificated form	Friday, 15 December 2017
Certificates despatched in respect of Subscription Shares issued in certificated form	Week commencing Monday, 18 December 2017
First date on which Subscription Share Rights can be exercised	Last Business Day in November 2018
Second date on which Subscription Share Rights can be exercised	Last Business Day in November 2019
Final date on which Subscription Share Rights can be exercised	Last Business Day in November 2020

Enquiries

New City Investment Managers	Craig Cleland	T: [phone]
Cantor Fitzgerald Europe	Sue Inglis	T: [phone]
R&H Fund Services (Jersey) Limited	Lisa Neil	T :[phone]

Note

Words and expresssions defined in the Listing Document have the same meanings when used in this announcement unless the contaxt otherwise requires.

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Geiger Counter Ltd via Globenewswire