Issue of Equity

RNS Number : 2882H

Premier Management Holdings PLC

25 May 2011

 



Premier Management Holdings plc

("Premier Management" or the "Company")

Exercise of Warrants

25^th May 2011

Premier Management, the Central Asia-focused natural resources investment company, announces today that on 20 May 2011, pursuant to a warrant deed to subscribe for ordinary shares of 0.01 pence each in the Company ("Shares") dated 27 October 2010, HB Markets Plc exercised a right to subscribe for 10,000,000 Shares at an exercise price of 1 pence per Share.

Application has been made for the 10,000,000 new ordinary shares to be admitted to trading on the AIM Market of the London Stock Exchange ("AIM") and it is expected that they will be admitted to trading on AIM at 8.00 a.m. on 1 June 2011. The Shares will rank pari passu with all existing shares. Following admission of the new ordinary shares the total number of shares in issue will be 527,828,443.

Enquiries:

Premier Management Holdings plc
Gerry Desler, Chairman	Tel. [phone]
Brewin Dolphin (Nomad & Joint Broker)
Alex Dewar	Tel. [phone]
Nikki Cooper	Tel. [phone]
Rivington Street Corporate Finance (Joint Broker)	Tel. [phone]
M: Communications
Ben Simons or Maria Souvorov	Tel. [phone]

 

END

 

 

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