Exercise of warrants

RNS Number : 2664Q

Strat Aero PLC

05 June 2018

 

Strat Aero plc / Index: AIM / TIDM: AERO / Sector: Support Services

5 June 2018

Strat Aero plc ("Strat Aero," the "Company" or the "Group")

Exercise of warrants

The Company has received notices of exercise of 218,571,428 warrants at an exercise price of 0.035p each. The consideration received by the Company will be £76,500.00.

The 218,571,428 new Ordinary Shares ("Shares") arising from the exercise of these warrants have now been issued, and application has been made for them to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings will commence at 8:00a.m. on 8 June 2018.

Following these transactions, the Company has 6,173,527,709 ordinary shares of 0.01p each in issue, none of which are held in treasury. Therefore, the total number of voting rights in the Company is 6,173,527,709.

The above figure of 6,173,527,709 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 in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

- ENDS -

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

For further information please visit www.strat-aero.com or contact:

Strat Aero plc

Trevor Brown (Executive Director)                                                                          [phone]

Nigel Burton (Non-Executive Director)                                                                  [phone]

SP Angel Corporate Finance LLP                                                                            [phone]

Stuart Gledhill

Jeff Keating

Caroline Rowe

Peterhouse Corporate Finance                                                                               [phone]

Lucy Williams

Fungai Ndoro

Notes

Strat Aero plc is focused on the continued development of the Company's 'Survey & Inspection' business, in addition to implementing an enhanced growth strategy via the appraisal of complementary acquisition or investment opportunities, and recently acquired a 37% stake in Gyrometric Systems. This is in line with the Company's stated objective to achieve improved financial performance in the near term.

 

END

 

 

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