TyraTech, Inc. Result of Special Meeting (3637A)
February 18 2014 - 9:38AM
UK Regulatory
TIDMTYR TIDMTYRU
RNS Number : 3637A
TyraTech, Inc.
18 February 2014
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO
OR FROM JAPAN, CANADA OR AUSTRALIA OR ANY OTHER JURISDICTION WHERE
TO DO SO WOULD CONSTITUTE A BREACH OF THE RELEVANT SECURITIES LAWS
OF SUCH JURISDICTION.
TyraTech, Inc.
("TyraTech" or the "Company")
Result of Special Meeting
Further to the announcement dated 31 January 2014, TyraTech,
Inc. (AIM: TYR and TYRU), a natural life sciences company, is
pleased to announce that at the Special Meeting held earlier today,
each of the resolutions as set out in the notice of Special Meeting
was duly passed. Accordingly, the Fundraise (as defined in the
circular dated 4 February 2014) is now unconditional save for
admission.
Accordingly, the Company has approved, subject only to
Admission, the issue of 37,391,763 new common shares in the capital
of the Company of $0.001 each (the "New Common Shares") at 5 pence
per share to the investors participating in the Fundraise.
Application has been made to the London Stock Exchange for the
New Common Shares to be admitted to trading on AIM ("Admission").
It is expected that Admission and the commencement of dealings will
take place at 8.00 a.m. on 21 February 2014.
Following Admission, the Company will have 206,168,068 common
shares of $0.001 each ("Common Shares") in issue, of which
1,084,413 will continue to be held in Treasury. Therefore, the
total number of voting rights in the Company will be 205,083,655
("Total Voting Rights"). The number of restricted Common Shares
trading under TIDM 'TYR' following Admission will be 154,744,339
and the number of unrestricted Common Shares trading under TIDM
'TYRU' following Admission will be 51,423,729.
Following Admission, the directors of the Company will hold the
following number of Common Shares:
Subscription Total Common Resulting % of
pursuant to the Shares held following Total Voting Rights
Fundraise Admission
-------------- ----------------- ----------------------- ---------------------
Alan Reade 2,000,000 12,486,358 6.09%
Bruno Jactel 494,363 1,859,567 0.91%
Barry Riley 600,000 3,055,556 1.49%
James Hills 482,400 1,047,900 0.51%
-------------- ----------------- ----------------------- ---------------------
In addition, the directors are interested in the following
options over Common Shares:
Options held over Option exercise Expiry date
Common Shares in price
the Company
------------- ------------------ ---------------- ---------------
Alan Reade 550,000 GBP0.105 4 February
2020
995,125 GBP0.12 20 October
2020
1,000,000 GBP0.06 25 April 2022
100,570 GBP0.12 6 March 2022
Bruno Jactel 500,000 GBP0.06 1 January 2023
500,000 GBP0.12 1 January 2023
500,000 GBP0.15 1 January 2023
Barry Riley 200,000 GBP0.12 20 October
2020
350,000 GBP0.06 25 April 2022
James Hills 200,000 GBP0.12 20 October
2020
350,000 GBP0.06 25 April 2022
------------- ------------------ ---------------- ---------------
Further, at the Special Meeting the issue of up to a further
1,152,700 common shares pursuant to the exercise of warrants to
subscribe for common shares granted to Spark Advisory Partners
Limited, Allenby Capital Limited and Whitman Howard Limited was
also approved.
For further information please contact:
TyraTech Inc.
Alan Reade, Non-Executive Chairman Tel: +44 7841978709
Bruno Jactel, Chief Executive Officer Tel: +1 919 415 4340
SPARK Advisory Partners Limited, Nominated Adviser
Matt Davis / Mark Brady Tel: +44203 368 3551
Tel: +44203 368 3552
Allenby Capital Limited , Joint Broker
Chris Crawford Tel: +44 20 3328 5656
Whitman Howard Limited, Joint Broker
Ranald Mc-Gregor Smith / Niall Devins Tel: +44 20 7087 4555
Walbrook, Financial PR and IR
Bob Huxford /Guy McDougall (Public Relations) Tel: +44 20 7933 8792
Paul Cornelius (Investor Relations) Tel: +44 20 7933 8794
This information is provided by RNS
The company news service from the London Stock Exchange
END
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