Exercise of Warrants
December 07 2010 - 10:00AM
UK Regulatory
TIDMOPM
RNS Number : 5211X
1PM PLC
07 December 2010
1PM PLC
(AIM: OPM)
Exercise of Warrants
1pm plc ("1pm" or "the Company"), the specialist provider of lease asset finance
to the SME sector, announces that it has received valid subscriptions to
exercise warrants to subscribe for 23,809,523 new ordinary shares of 0.06818
pence each ("the New Ordinary Shares"). The warrants were issued during the
March 2010 fundraising. The warrants allow for exercise at 0.07 pence per share
and are valid from two years from the date of issue, 17 March 2010. Following
this exercise the Company confirms there are 239,523,802 warrants outstanding.
Application has been made for the New Ordinary Shares to be admitted to trading
on AIM which is expected to occur on 13 December 2010.
In accordance with the Disclosure and Transparency Rules (DTR 5.6.1R) the
Company hereby notifies the market that immediately following admission of the
New Ordinary Shares its issued share capital will consist of 3,192,788,608
Ordinary Shares. The Company does not hold any shares in treasury.
Shareholders may use this figure 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 FSA's Disclosure and
Transparency Rules
+-----------------------------------+-----------------------------------+
| Contacts: | |
+-----------------------------------+-----------------------------------+
| | |
+-----------------------------------+-----------------------------------+
| 1pm plc | www.1pm.co.uk |
+-----------------------------------+-----------------------------------+
| Mike Johnson, Chairman | +44 (0) 844 967 0944 |
+-----------------------------------+-----------------------------------+
| Maria Hampton, Managing Director | +44 (0) 844 967 0944 |
+-----------------------------------+-----------------------------------+
| | |
+-----------------------------------+-----------------------------------+
| WH Ireland Limited | www.wh-ireland.co.uk |
+-----------------------------------+-----------------------------------+
| Mike Coe / Marc Davies | +44 (0) 117 945 3470 |
+-----------------------------------+-----------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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