Issue of new equity and total voting rights

RNS Number : 7741G

Viridas PLC

17 May 2011

 



Viridas plc

("Viridas" or the "Company")

Issue of new equity and total voting rights

Viridas announces that following the General Meeting of shareholders held on 10 May, the holders of the convertible loan notes described in the circular to shareholders of 7 April 2011 have notified the Company that they wish to convert such notes into 420,000,000 New Ordinary Shares.

Application for admission to AIM of these 420,000,000 New Ordinary Shares ("Admission") has therefore been made and it is anticipated that such Admission will occur on 18 May at 7.00 a.m. Following the conversion there will be no other convertible loan notes outstanding.

Total voting rights

Following Admission, the Company's issued share capital will comprise 452,857,956 ordinary shares of 0.1 pence each with one voting right per share. There are no shares held in treasury. The total number of voting rights in the Company is therefore 452,857,956.

This figure of 452,857,956 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

-ends-

For more information please contact:

Viridas plc: Nicholas Lee, non-executive director	[phone]
Nominated Adviser: Arbuthnot Securities Antonio Bossi / Paul Gillam	[phone]
Broker to the Placing: Rivington Street Corporate Finance Dru Edmonstone	[phone]

 

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