Exercise of Warrants

RNS Number : 1345Z
Tekcapital plc
10 March 2017
 

 

Tekcapital plc

("Tekcapital" or the "Company")

 

Exercise of Warrants

 

Tekcapital plc (AIM: TEK), an international provider of technology and intellectual property services, announces that the Company has received notice on behalf of Optiva Securities Limited ("Optiva") in respect of the exercise of warrants to acquire 265,000 new ordinary shares of 0.4 pence each in the Company ("Ordinary Shares").

 

The warrants, which were granted to Optiva 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. The warrants were due to expire on 4 April 2017. Further details of the warrants can be found in the Company's Admission Document dated 31 March 2014. The proceeds receivable by the Company from this warrant exercise are approximately £66,250.

 

Pursuant to the above warrant exercise, application will be made for the 265,000 new Ordinary Shares to be admitted to trading on AIM which is expected to become effective at 8.00 a.m. on or around 16 March 2017. Following admission, the new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares.

 

Following admission of the new Ordinary Shares, the Company's issued ordinary share capital will consist of 42,654,707 Ordinary Shares with one voting right per share. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 42,654,707. With effect from admission, this figure 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 to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

 

 

For further information, please contact:

 

Tekcapital Plc

Via Walbrook PR

Clifford M. Gross, Ph.D.

info@tekcapital.com

 

Allenby Capital Limited (Nominated Adviser & Joint Broker)

 

+44 (0) 20 3328 5656

Jeremy Porter / Alex Brearley

 

 

 

Dowgate Capital Stockbrokers (Joint Broker)

+44 (0) 1293 517744

David Poutney / James Serjeant

 

 

 

Walbrook PR Ltd

+44 (0) 20 7933 8780

Paul Cornelius / Helen Cresswell / Sam Allen

tekcapital@walbrookpr.com

 

 

 

 

 

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

Tekcapital helps clients profit from new, university-developed intellectual properties. With its proprietary discovery search engine, linked to 4,500+ universities in 160 countries, coupled with expert scientific review, Tekcapital provides a turn-key service to make it easy for clients to find and acquire the IP, analytics and technology transfer professionals they need to create a competitive advantage. Tekcapital plc is quoted 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

LEI: 213800GOJTOV19FIFZ85

 

 


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

Companies

Tekcapital (TEK)
UK 100

Latest directors dealings