Total Voting Rights

RNS Number : 0280E

Challenger Acquisitions Limited

30 October 2015

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.

30 October 2015

Challenger Acquisitions Limited

("Challenger" or the "Company")

Total Voting Rights

Challenger announces that in compliance with its obligations under DTR 5.6.1 of the FCA's Disclosure Rules and Transparency Rules, following two allotments of new shares this month, details of which are set out below, as at the date of this announcement the Company's issued share capital consists of 13,325,681 ordinary shares with a nominal value of £0.01 each, with voting rights (the "Ordinary Shares").

The Company does not hold any Ordinary Shares in Treasury and therefore the total number of Ordinary Shares in the Company with voting rights is 13,325,681.

Details of the allotments

On 6 October 2015, the Company allotted 235,792 new Ordinary Shares at a price of £0.37 per Ordinary Share to the holders of the convertible loan notes, details of which were announced on 20 May 2015, in payment of interest to 30 September 2015.

On 16 October 2015, the Company allotted 10,000 new Ordinary Shares at a price of £0.40 per Ordinary Share pursuant to an exercise by an employee of 10,000 options, the granting of which was announced on 30 July 2015.

The above figure of 13,325,681 Ordinary Shares with voting rights may be used by shareholders in the Company as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

As previously announced, the Company's shares remain suspended until further notice because the investment of a total of US$3 million made by the Company for a 2.463 percentage (2.463%) interest in New York Wheel LLC and the acquisition of the Starneth Group individually and collectively constituted a reverse takeover under the Listing Rules.  The Company is in the process of agreeing eligibility with the UKLA and seeking re-admission of its ordinary shares to a standard listing segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities (the "Re-Admission").  Accordingly, the applications for the new Ordinary Shares detailed above will be made in conjunction with the Re-Admission.

For more information on Challenger Acquisitions please contact the below or visit www.challengeracquisitions.com:

Challenger Acquisitions Limited
Mark Gustafson	[phone]
Beaumont Cornish Limited (Financial Adviser)
Roland Cornish	[phone]
St Brides Partners Ltd (Financial PR)
Lottie Brocklehurst	[phone]

 

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