Exercise of Warrants

RNS Number : 4287X

Coms PLC

10 January 2014

 



10 January 2014

Coms plc

("Coms" or the "Company")

Exercise of Warrants

Coms plc (AIM: COMS) advises that certain warrant holders have exercised their respective rights to subscribe for 24,554,650 ordinary shares of 0.1 pence each ("Ordinary Shares") at a price of 3.7 pence per Ordinary Share. These warrants were granted on 14 May 2013 and represent all of the remaining warrants from this agreement.

Application has been made to the London Stock Exchange for these shares to be admitted to trading on AIM and it is expected that dealings will commence on 17 January 2013. These shares will rank pari passu in all respects with the existing issued Ordinary Shares in the Company. The Company's enlarged issued ordinary share capital immediately following the issue of these shares will be 821,789,868 Ordinary Shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in interest in, the share capital of the Company under the Disclosure and Transparency Rules.

For further information, please contact:

Coms plc                                            [phone]

David Breith (CEO)

Iain Ross (Chairman)

Charles Stanley Securities             [phone]

(Nominated Adviser and Joint Broker)

Karri Vuori / Philip Davies

SI Capital Limited                             [phone]

(Joint Broker)

Andy Thacker / Nick Emerson

Newgate Threadneedle                   [phone]

(PR)

Robyn McConnachie

Notes to Editors

Established in 2005, Coms is an end-to-end provider of telecommunications and IT services to business and industry. From hosted VoIP telephony to smart buildings to broadband to business infrastructure, Coms offers an unrivalled service built on innovation, passion and dedication. Unlike most VoIP providers, Coms does not rely on third party providers and we own and operate a UK based Carrier Class telephony platform. For more information, please visit www.coms.com

 

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