Mercom Capital Plc Exercise of Warrants (7521R)

TIDMMCC

RNS Number : 7521R

Mercom Capital Plc

13 December 2016

Mercom Capital Plc

("the Company")

Exercise of Warrants

The Company announces that it has issued and allotted a total of 1,500,000 ordinary shares ("New Ordinary Shares") pursuant to the exercise of warrants granted to investors at the time of the placing by the Company in July 2016. The warrants were exercised at a price of 5p per share. The New Ordinary Shares will rank pari passu with the Company's existing ordinary shares. In total, 6,050,000 warrants were granted at the time of the placing.

Of the New Ordinary Shares, 1,450,000 ordinary shares were admitted to trading on AIM as part of the block admission announced on 20 July 2016. Application will therefore be made for 50,000 of the New Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to be effective on 16 December 2016.

Following the allotment and issue of the New Ordinary Shares, the Company's issued share capital consists of 34,826,773 Ordinary Shares with voting rights. There are no Ordinary Shares held in treasury. Therefore the total number of voting rights is 34,826,773. 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 under the FCA's Disclosure Guidance and Transparency Rules.

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

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