Mercom Capital Plc Exercise of Warrants (6562N)
October 27 2016 - 10:06AM
UK Regulatory
TIDMMCC
RNS Number : 6562N
Mercom Capital Plc
27 October 2016
27 October 2016
Mercom Capital Plc
("Mercom" or "the Company")
Exercise of Warrants
The Company announces that it has received notice to exercise
warrants ("Exercise Notice") over a total of 2,850,000 ordinary
shares of GBP0.001 each ("Ordinary Shares") at an exercise price of
5 pence per Ordinary Share. In total 6,050,000 warrants were
granted to investors at the time of the placing by the Company in
July 2016.
Following receipt of the Exercise Notice Company will issue
2,850,000 new Ordinary Shares (the "Warrant Exercise"). The Company
has received GBP142,500 as proceeds of the Warrant Exercise.
The Ordinary Shares have been admitted to trading on AIM as part
of the block admission announced on 20 July 2016.
Following the Warrant Exercise, the Company's issued share
capital will consist of 32,376,773 Ordinary Shares with voting
rights. There are no Ordinary Shares held in treasury therefore the
total number of voting rights is 32,376,773. This figure 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 share capital of
the Company.
END
For further information, please contact:
Mercom Capital Plc 001 416 504
John Zorbas 3978
Northland Capital
Partners Limited
Nominated Adviser
and Broker
Edward Hutton / Matthew +44 (0) 20
Johnson 3861 6625
Beaufort Securities
Limited
Joint Broker +44 (0) 20
Elliot Hance 7382 8300
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEPGGWUUUPQGCM
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