Additional Listing
February 06 2008 - 9:21AM
UK Regulatory
RNS Number:4392N
Timestrip PLC
06 February 2008
Timestrip plc (the "Company")
Additional Listing
Application has been made for 536,000 ordinary shares of 0.02 pence each in the
Company ('Ordinary Shares') to be admitted to trading on the the London Stock
Exchange's AIM market for listed securities of ("Admission").
The new Ordinary Shares are being issued pursuant to the exercise of 'C'
warrants issued at the time of the Company's flotation in February 2005. These
Ordinary Shares rank pari passu with the Company's existing Ordinary Shares and
Admission is expected to become effective on 12 February 2008.
After Admission the total number of issued Ordinary Shares will be 321,258,739.
This figure (321,258,739 Ordinary Shares) may be used by shareholders as the
denominator for the calculation by which they will determine if they are
required to notify their interest in, or a change in their interest in, the
Company under the FSA's Disclosure and Transparency Rules.
In addition, the Company wishes to announce that the Board has granted a 12
month extension to the expiry date of 4,000,000 'D' warrants in connection with
an agreement to retain the ongoing services of Spencer Leslie, Non-executive
Director. These warrants were originally issued in February 2005 and were due to
expire on 28th February 2008. All other terms, including the exercise price of 4
pence, remain unchanged.
The Board has also approved a 12 month extension to the expiry date of 1,002,580
'B' warrants that were issued in February 2005 for the retention of a key
employee. These warrants were due to expire on 28th February 2008. All other
terms, including the exercise price of 4 pence, remain unchanged.
6 February 2008
Jonathan Steinberg Tel: 01462 440 700
Chief Finance Officer
Fergus Marcroft Tel: 020 7071 4300
Evolution Securities
This information is provided by RNS
The company news service from the London Stock Exchange
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