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Talarius PLC (TLS)

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Wednesday 03 January, 2007

Talarius PLC

Exercise of Options

Talarius PLC
03 January 2007


3 January 2007
                                  TALARIUS PLC

      Exercise of warrants and admission of new shares for trading on AIM

The board of Talarius plc (the "Company") confirms that, on 2 January 2007, the
directors approved an allotment of shares following, on the same date, the
exercise of warrants over ordinary shares of 10 pence each in the share capital
of the Company (the "Warrants") as set out below:

Registered              No. of     Subscription         No. of        Exercise
holder                warrants        price             shares        price

Marwyn Capital
Limited                 512,596   £1.00 per share       512,596       £512,596

Ogier Employee
Benefit
Trustee
Limited               1,324,629   £1.00 per share     1,324,629     £1,324,629

An application will be made for the ordinary shares created pursuant to the
exercise of the Warrants (the "New Shares") to be admitted to AIM and dealings
in the New Shares is expected to commence on 8 January 2007. The total number of
issued ordinary shares in the Company, including the New Shares, is now
45,740,595 ordinary shares of 10 pence each.

Following the exercise of the Warrants, Mark Watts has a beneficial interest in
465,645 ordinary shares representing 1.02 per cent. of the issued share capital
of the Company.

In addition, also on 2 January 2007, the directors of the Company conditionally
approved an allotment of shares  following, on the same date, the exercise of
warrants over ordinary shares of 10 pence in the share capital of the  Company
(the "Further Warrants") as set out below:

Registered        No. of          Subscription      No. of        Exercise
holder            warrants        price             shares        price

Philip Parker            15,025   £1.00 per share        15,025        £15,025

The approval of the exercise of the Further Warrants is conditional upon the
receipt by the Company of cleared funds  from the registered holder as set out
above. Upon receipt of such funds, an application will be made for the shares 
issued pursuant to the exercise of the Further Warrants to be admitted to
trading on AIM.  A further announcement will  be made at that time.




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