Exercise of Warrants

RNS Number : 9731N

YOLO Leisure & Technology PLC

21 May 2015

 

YOLO Leisure and Technology plc

("YOLO" or the "Company")

Exercise of Warrants

YOLO Leisure and Technology plc, the AIM-quoted company focusing on opportunities in the travel, technology and leisure sectors, announces that it has received notification from a warrant holder to exercise of warrants over 961,538 ordinary shares of 1 pence each exercised at a price of 1.3 pence per share in the capital of the Company.

The warrants have been exercised by Mr Chris Akers, who is a significant shareholder in the company.  Following the exercise of warrants, Mr Chris Akers will have an interest in 8,158,653 YOLO shares, representing 5.87% of the enlarged share capital of the Company.

The Company has made application for the 961,538 new ordinary shares of 1 pence each to be admitted to trading on AIM. Admission is expected to occur on 21 April 2015. The 961,538 new ordinary shares rank pari passu with the existing ordinary shares.

For the purpose of the Disclosure and Transparency Rules, following admission of the shares detailed above, the Company's enlarged issued share capital will comprise 138,903,508 ordinary shares of 1 pence each.  The Company does not hold any shares in treasury.  The above 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 to their interest in, the Company, under the Disclosure and Transparency Rules.

--ENDS--

For further information please contact:

YOLO Leisure and Technology plc

Simon Lee Robinson                                                                                      [e-mail]

Cairn Financial Advisers LLP (Nominated Adviser)

Sandy Jamieson / Liam Murray                                                                  Tel: [phone]

Peterhouse Corporate Finance Limited (Sole broker)

Eran Zucker / Lucy Williams                                                                        Tel: + 44 20 7469 0930

 

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