Exercise of warrants and total voting rights

RNS Number : 8064G

Tekcapital plc

24 November 2015

 

24 November 2015

Tekcapital plc

("Tekcapital" or "Company")

Exercise of warrants and total voting rights

Tekcapital plc (AIM: TEK), an international provider of technology and intellectual property services, announces that the Company has issued 95,000 new ordinary shares of 0.4 pence each ("Ordinary Shares") following the exercise by Northland Capital Partners Limited ("Northland") of all of its warrants over new Ordinary Shares (the "Warrants").

The Warrants, which were granted to Northland at the time of the Company's admission to AIM, have an exercise price of 25 pence per Ordinary Share, which is equivalent to the issue price of the Ordinary Shares that were issued in the placing which accompanied Tekcapital's admission to AIM. Further details of the Warrants can be found in the Company's Admission Document dated 31 March 2014.

Application will be made for the 95,000 new Ordinary Shares to be admitted to trading on AIM ("Admission"), which is expected to become effective on or around 30 November 2015. Upon Admission, the 95,000 new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares.

Following Admission, the total number of Ordinary Shares in issue will be 34,843,339. Accordingly, the figure of 34,843,339 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. 

For further information please contact:

Tekcapital Plc	[phone] Ext 305
Clifford M. Gross	[e-mail]
Allenby Capital Limited (Nominated Adviser & Joint       Broker)	[phone]
Jeremy Porter / Alex Brearley
Optiva Securities Limited (Joint Broker)	[phone]
Jeremy King / Vishal Balasingham	[e-mail]
Walbrook PR Ltd	[phone]
Paul Cornelius / Paul McManus	[e-mail]

Tekcapital plc - The World's Largest University Network for Open Innovation 

Tekcapital helps clients profit from new, university-developed intellectual properties. With our proprietary discovery search engine, linked to 4,000+ universities in 160 countries, coupled with expert scientific review, we provide a turn-key service to make it easy for clients to find and acquire the IP they need to create a competitive advantage. Tekcapital plc is listed on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in Oxford, in the UK. For more information, please visit www.tekcapital.com

 

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