Legendary Investments PLC Exercise of Warrants and Issue of Equity (8660J)
September 14 2016 - 10:05AM
UK Regulatory
TIDMLEG
RNS Number : 8660J
Legendary Investments PLC
14 September 2016
14 September 2016
Legendary Investments Plc
("Legendary" or the "Company")
Exercise of Warrants and Issue of Equity
Legendary Investments PLC (AIM: LEG) announces that it has
received notice from certain of its warrant holders for the
exercise of 12,500,000 warrants over ordinary shares of 0.1p in the
Company ("Ordinary Shares") for a total consideration of GBP5.
Accordingly, the Company has issued 12,500,000 new Ordinary
Shares.
Application will be made for the 12,500,000 new Ordinary Shares
to be admitted to AIM, with admission expected to occur on or
around 21 September 2016. The new ordinary shares will rank pari
passu with the existing ordinary shares.
Following admission of the new Ordinary Shares, the Company's
enlarged issued share capital will comprise 2,807,364,166 Ordinary
Shares with one voting right per share. There are no shares held in
treasury and the total number of voting rights in the Company is
therefore 2,807,364,166. This figure of 2,807,364,166 ordinary
shares may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change in their
interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.
The information contained within this announcement is considered
to be inside information, for the purposes of Article 7 of EU
Regulation 596/2014, prior to its release.
- Ends -
Legendary Investments Zafar Karim
Plc / Thomas Reuner 020 8201 3536
Grant Thornton Colin Aaronson
UK LLP / Harrison Clarke 020 7383 5100
Beaufort Securities
Limited Elliot Hance 020 7382 8300
About Legendary Investments PLC
Legendary Investments Plc is a proactive investment company that
focuses on making investments in and assisting companies which
exhibit the potential to generate returns of many multiples through
capital appreciation. Typically, Legendary invests in small
companies where there are clear catalysts for value appreciation
and the companies are operating in sectors exhibiting long term
growth. Examples of such sectors include technology, energy and
natural resources.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOELIMATMBMBBIF
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