Warrant Exercise

RNS Number : 0745O

Impax Environmental Markets PLC

22 June 2010

 



Impax Environmental Markets plc

22 June 2010

Warrant Exercise

Further to the announcement of 17 June 2010, Impax Environmental Markets plc announces that it has received notice from The Law Debenture Trust Corporation p.l.c. (the "Trustee") that it wishes to exercise the 4,507,260 outstanding Warrants. The Company is therefore allotting and issuing a further 4,507,260 Ordinary Shares arising on exercise of those Warrants and application has been made to the UK Listing Authority and to the London Stock Exchange for admission to the Official List and to trading of those Ordinary Shares, as well as the 14,158,825 Ordinary Shares arising from the exercise of Warrants on the subscription date of 15 June 2010, with effect from Friday 25 June 2010.    

Upon admission of such Ordinary Shares to the Official List and to trading on the London Stock Exchange, the Company's issued share capital will be 324,509,373 Ordinary Shares.  The Company is holding 1,853,037 of these shares in Treasury. Therefore, the total number of Ordinary Shares with voting rights in the Company will be 322,656,336.

Warrantholders on whose behalf the Trustee has exercised rights and sold the resulting Ordinary Shares will receive approximately 14.8 pence for each Warrant which they held. The Trustee will distribute the proceeds to the persons entitled thereto by 14 August 2010 except for aggregate entitlements of less than £3.00, which will instead be transferred to the Company.

Following the issue of the Ordinary Shares on 25 June 2010, the directors will have the following interests in the share capital of the Company.

	Ordinary shares	Percentage of voting rights
Richard Bernays	28,664	0.01%
Robert Arnott	9,000	0.00%
Charles Berry	7,500	0.00%
William Brown	7,500	0.00%
Keith Niven	18,831	0.01%

Enquiries

Anthony Lee                                         020 7566 5495

Company Secretary

Cavendish Administration

David Yovichic                                      020 7523 8361

Collins Stewart

 

END

 

 

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