Independent Resources PLC Warrant Exercise and Total Voting Rights (9672Z)
March 20 2017 - 7:59AM
UK Regulatory
TIDMIRG
RNS Number : 9672Z
Independent Resources PLC
20 March 2017
FOR IMMEDIATE RELEASE
Independent Resources plc
("IRG" or the "Company")
Warrant Exercise and Total Voting Rights
Warrant Exercise
The Company announces that it has received exercise notices from
certain of its warrant holders to exercise 22,750,000 warrants into
new ordinary shares of 0.01p each in the Company ("New Ordinary
Shares") as per the table below:
Exercise No. of warrants
price being exercised
--------- -----------------
0.12p 22,750,000
--------- -----------------
Total: 22,750,000
--------- -----------------
The total consideration received by the Company pursuant to the
warrant exercise will be GBP27,300.00.
Application will be made for the 22,750,000 New Ordinary Shares,
which will rank pari passu with the existing ordinary shares, to be
admitted to trading on AIM ("Admission"). Admission is expected to
occur on 24 March 2017.
Following Admission, the total number of voting rights in the
Company will be 3,884,420,215 ordinary shares. This number may be
used by 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 Company under
the FCA's Disclosure and Transparency Rules.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
For more information, please visit www.ir-plc.com or
contact:
James Parsons Echo Energy plc j.parsons@echoenergyplc.com
Greg Coleman Echo Energy plc g.coleman@echoenergyplc.com
ZAI Corporate Finance
John Treacy Ltd. 020 7060 2220
Jamie Spotswood (Nominated Adviser)
Oliver Stansfield Brandon Hill Capital
Jonathan Evans (Broker) 020 3463 5000
This information is provided by RNS
The company news service from the London Stock Exchange
END
STRJMMTTMBATBFR
(END) Dow Jones Newswires
March 20, 2017 08:59 ET (12:59 GMT)
Echo Energy (LSE:ECHO)
Historical Stock Chart
From Apr 2024 to May 2024
Echo Energy (LSE:ECHO)
Historical Stock Chart
From May 2023 to May 2024