Mercom Capital Plc Issue of Equity (3868R)
December 08 2016 - 1:20PM
UK Regulatory
TIDMMCC
RNS Number : 3868R
Mercom Capital Plc
08 December 2016
8 December 2016
Mercom Capital Plc
("Mercom" or "the Company")
Issue of equity
Total voting rights
The Company announces that it has issued and allotted 500,000
new ordinary shares as a result of the exercise of warrants granted
to a consultancy firm in settlement of fees for financial advisory
services (the "New Ordinary Shares"). The warrants were exercised
at a price of 5p per share.
Application has been made for the New Ordinary Shares, which
rank pari passu with the Company's existing ordinary shares, to be
admitted to trading on AIM ("Admission"). It is anticipated that
Admission will be effective on 14 December 2016. Admission in
respect of 100,000 ordinary shares, issued for cash at the time of
the placing of 12,000,000 ordinary shares announced on 20 July
2016, was effective on 6 December 2016.
The Company's share capital consists of 33,326,773 ordinary
shares with voting rights. The Company does not hold any ordinary
shares in treasury. Therefore, the total number of voting rights in
the Company is 33,326,773. 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 Company under the FCA's Disclosure
Guidance and Transparency Rules.
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) No 596/2014.
For further information, please contact:
Mercom Capital Plc
John Zorbas 001 416 504 3978
Northland Capital Partners
Limited
Nominated Adviser and
Broker
Edward Hutton / Matthew
Johnson +44 (0) 20 3861 6625
Beaufort Securities
Limited
Joint Broker
Elliot Hance +44 (0) 20 7382 8300
This information is provided by RNS
The company news service from the London Stock Exchange
END
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