Warrant Exercise and Total Voting Rights

RNS Number : 4789A
Independent Resources PLC
24 March 2017
 

FOR IMMEDIATE RELEASE

Independent Resources plc

("IRG" or the "Company")

Warrant Exercise and Total Voting Rights

Warrant Exercise

The Company announces that it has received exercise notices from certain of its warrant holders to exercise 16,666,666 warrants into new ordinary shares of 0.01p each in the Company ("New Ordinary Shares") as per the table below:

Exercise price

No. of warrants being exercised

0.12p

16,666,666

Total: 

16,666,666


The total consideration received by the Company pursuant to the warrant exercise will be £20,000.00.

Application will be made for the 16,666,666 New Ordinary Shares, which will rank pari passu with the existing ordinary shares, to be admitted to trading on AIM ("Admission").  Admission is expected to occur on 30 March 2017.

Following Admission, the total number of voting rights in the Company will be 3,901,086,881 ordinary shares. This number 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 FCA's Disclosure and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

For more information, please visit www.ir-plc.com or contact:

James Parsons

Greg Coleman

 

Echo Energy plc

Echo Energy plc

j.parsons@echoenergyplc.com

g.coleman@echoenergyplc.com

John Treacy
Jamie Spotswood

 

ZAI Corporate Finance Ltd.
(Nominated Adviser)

020 7060 2220

Oliver Stansfield
Jonathan Evans

 

Brandon Hill Capital
(Broker)

020 3463 5000

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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