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 88,095,237 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. Following this exercise the Company
confirms there are 63,598,402 warrants outstanding.
The following directors have exercised their warrants:
Warrants
Exercised
Revised Total
Holding
% of Enlarged
Share Capital
Warrants
Remaining
Ron Russell 85,714,285 968,323,335 28.03% 0
Application has been made for the New Ordinary Shares to be
admitted to trading on AIM which is expected to occur on 27
January 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 3,368,714,008
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 £1,000 - £40,000 for between 12 and 60 months.
distribué par | Ce noodl a été diffusé par 1pm plc et initialement mise en ligne sur le site http://www.1pm.co.uk. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-24 15:52:03 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
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Exercise of Warrants |