Block Listing Six Monthly Review and TVR (4664C)

TIDMBRDY

RNS Number : 4664C

Brady Exploration PLC

01 May 2012

   ;                                                                                   1 May 2012

Brady Exploration plc

("Brady" or the "Company")

Block Listing Six Monthly Review and Total Voting Rights

The Board of Brady, the natural resources focused investing company, today announces an update to its block admission listing application which was announced on 31 October 2011. The block admission is in respect of ordinary shares in the Company capable of being issued on exercise of warrants which were issued in October 2011. Further details on the warrants are contained in the announcement released by the Company on the 31 October 2011.

 
 Name of applicant:                               Brady Exploration plc 
-----------------------------------------------  ---------------------------------- 
 Period of return                      From:      1 November   To:   30 April 2012 
                                                   2011 
------------------------------------  ---------  -----------  ----  --------------- 
 Balance of unallotted securities 
  under scheme(s) from previous 
  return:                                         18,341,757 
-----------------------------------------------  ---------------------------------- 
 Plus: The amount by which the 
  block scheme(s) has been increased 
  since the date of the last return 
  (if any increase has been applied 
  for):                                           0 
-----------------------------------------------  ---------------------------------- 
 Less: Number of securities issued/allotted 
  under scheme(s) during period 
  (see LR3.5.7G):                                 491,906 
-----------------------------------------------  ---------------------------------- 
 Equals: Balance under scheme(s) 
  not yet issued/allotted at end 
  of period:                                      17,849,851 
-----------------------------------------------  ----------------------------------

The board of directors of Brady announces that the Company's issued share capital at the date of this announcement consists of 58,239,098 ordinary shares of one penny each ("Shares"). The Company does not hold any Shares in treasury.

Therefore the total number of Shares with voting rights is 58,239,098.

The increase in the total voting rights is as a result of the exercise of warrants to subscribe for 50,000 new Shares in the Company at an exercise price of 1.15 pence per Share. As at 30 April 2012 there are a total of 17,849,851 warrants remaining in issue, which are under block admission with the London Stock Exchange as detailed in the announcement made by the Company on 31 October 2011.

The above figure may be used by Brady's 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 Disclosure Rules and Transparency Rules of the UK Financial Services Authority.

For further information on the Company please visit: www.bradyexploration.com or please contact:

 
 Brady Exploration plc                                      Tel: +44 7747 020 600 
 Alex Borrelli, Chairman 
 Allenby Capital Limited (Nominated adviser                 Tel: +44 20 3328 5656 
  and joint broker) 
 Nick Naylor 
  Nick Athanas 
 
  Rivington Street Corporate Finance (Joint                  Tel: +44 20 7562 3357 
  broker) 
  Jon Levinson

This information is provided by RNS

The company news service from the London Stock Exchange

END

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