Legendary Investments PLC Exercise of Warrants and Issue of Equity (5881F)
May 18 2017 - 11:04AM
UK Regulatory
TIDMLEG
RNS Number : 5881F
Legendary Investments PLC
18 May 2017
18 May 2017
Legendary Investments PLC
("Legendary" or the "Company")
Exercise of Warrants and Issue of Equity
Legendary Investments PLC (AIM: LEG) announces that it has
received notice from certain of its warrant holders for the
exercise of 55,000,000 warrants over ordinary shares of 0.1p in the
Company ("Ordinary Shares") for a total consideration of GBP55,000.
Accordingly, the Company has issued 55,000,000 new Ordinary
Shares.
Application will be made for the 55,000,000 new Ordinary Shares
to be admitted to AIM, with admission expected to occur on or
around 24 May 2017. The new ordinary shares will rank pari passu
with the existing ordinary shares.
Following admission of the new Ordinary Shares, the Company's
enlarged issued share capital will comprise of 2,894,636,893
Ordinary Shares with one voting right per share. There are no
shares held in treasury and the total number of voting rights in
the Company is therefore 2,894,636,893. This figure of
2,894,636,893 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 FCA's Disclosure Guidance and Transparency Rules.
The information contained within this announcement is considered
to be inside information, for the purposes of Article 7 of EU
Regulation 596/2014, prior to its release.
- Ends -
Zafar Karim
Legendary Investments / Thomas 020 8201
PLC Reuner 3536
Colin Aaronson
Grant Thornton / Harrison 020 7383
UK LLP Clarke 5100
Beaufort Securities 020 7382
Limited Elliot Hance 8300
About Legendary Investments PLC
Legendary Investments PLC is a proactive investment company that
focuses on making investments in and assisting companies which
exhibit the potential to generate returns of many multiples through
capital appreciation. Typically, Legendary invests in small
companies where there are clear catalysts for value appreciation
and the companies are operating in sectors exhibiting long term
growth. Examples of such sectors include technology, energy and
natural resources.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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