Eastbridge Investments PLC Warrant Issuance Program (6486J)
December 21 2015 - 2:00AM
UK Regulatory
TIDMEBIV
RNS Number : 6486J
Eastbridge Investments PLC
21 December 2015
21 December 2015
Eastbridge Investments Plc
("Eastbridge" or the "Company")
Warrant Issuance Programme
Eastbridge Investments Plc announces that it has entered into a
warrant issuance programme (the "Warrant Programme") with its
Corporate Broker, Peterhouse Corporate Finance Limited
("Peterhouse"). The Warrant Programme has been created in response
to investor interest to allow for the regular issue of new ordinary
shares of no par value in the Company ("Ordinary Shares").
In connection with the Warrant Programme, Peterhouse has entered
into a warrant instrument with the Company pursuant to which
Peterhouse may subscribe for up to 1,500,000,000 new Ordinary
Shares at any time between 4 January 2016 and 4 January 2018 (the
"Warrants"). The Warrants may be exercised in whole or in part and
notices of exercise will be aggregated and issued once per calender
month, on the third business day of that month. The exercise price
for the Warrants will be the 30 day average closing bid price of
the Ordinary Shares leading up to the date of each exercise notice.
An indicative 30 day average bid price per Ordinary Share will be
quoted on JP Jenkins, the unlisted securities platform operated by
Peterhouse.
Eastbridge will issue an announcement in the first week of every
month with details of how many Warrants, if any, have been
exercised during the preceding month, the number of resultant
Ordinary Shares being issued by the Company, the issue price and
the proceeds of the issue. Application will be made for the
Ordinary Shares arising from each Warrant exercise, if any, to be
admitted to trading on AIM as soon as practical after the third
business day of each month.
The Company currently has 427,175,955 Ordinary Shares in issue
and if exercised in full, and presuming no other issues of equity,
the Ordinary Shares arising from the Warrants would represent 77.8
per cent. of the enlarged share capital of the Company.
For further additional information please contact:
Eastbridge Investments Plc Tel: +44 (0)78
Gregory Collier 301 82501
Nominated Adviser Tel: +44 (0)20
Northland Capital Partners 7382 1100
Limited
William Vandyk / Matthew Johnson
Sole Broker Tel: +44 (0)20
Peterhouse Corporate Finance 7469 0930
Limited
Fungai Ndoro /Lucy Williams
This information is provided by RNS
The company news service from the London Stock Exchange
END
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