Issue of Equity (5120Z)
March 16 2012 - 7:21AM
UK Regulatory
TIDMOPM
RNS Number : 5120Z
1PM PLC
16 March 2012
16 March 2012
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
26,904,761 new ordinary shares of 0.06818 pence each ("the New
Ordinary Shares"). The warrants were issued during the March 2010
fundraising with an exercise price of 0.07 pence per share.
Application has been made for the New Ordinary Shares to be
admitted to trading on AIM. 11,904,761 of the New Ordinary are
expected to be admitted to trading on 19 March 2012 with the
remaining 15,000,000 being admitted on 20 March 2012.
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 3,395,618,769 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
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
About 1pm:
1pm plc is an established small ticket leasing company focused
on providing SMEs with an accessible funding pool. Customers must
have clear credit histories and an ability to pay their
commitments. Assets leased are business critical. 1pm typically
lends between GBP1,000 - GBP40,000 for between 12 and 60
months.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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