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Amedeo Resources PLC (LON:AMED)

Amedeo Resources PLC (LON:AMED)


Share Price
9.00 p
Change
-0.5 (-5.26 %)
Market Cap
£2.94 m
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Amedeo Resources PLC RNS Release

Issue of Equity


RNS Number : 9110Z
Amedeo Resources PLC
12 February 2014
 



 

12 February 2014

 

Amedeo Resources plc

 

('Amedeo' or 'the Company')

 

Issue of Equity

 

Amedeo Resources plc (AIM: AMED), an investment company focussed on the resources and resources infrastructure and asset sectors, announces that it has issued 5,000,000 new ordinary shares ('New Shares') of 0.1 pence each in the capital of the Company ('Ordinary Shares') pursuant to the exercise of 5,000,000 warrants granted on 31 August 2012.  The Company has received a valid notice of exercise in respect of the warrants and has received payment of £25,000 representing the exercise price of 0.5 pence per Ordinary Share.  

 

The New Shares rank pari passu in all respects with the existing Ordinary Shares.  Application will be made to the London Stock Exchange for the New Shares to be admitted to trading on AIM and it is expected that admission of the New Shares will become effective and that dealings in the New Shares will commence at 8.00am on 18 February 2014 ('Admission'). 

 

Total Voting Rights

 

Following the issue of the New Shares, the Company's enlarged issued ordinary share capital will comprise 2,743,619,633 Ordinary Shares with voting rights. The Company does not hold any shares in treasury.  This figure of 2,743,619,633 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 and Transparency Rules.

 

 

**ENDS**

 

For further information please contact:

Amedeo Resources plc

Glen Lau/Zafar Karim

Tel: + 44 (0) 20 7653 9850

Daniel Stewart & Company Plc

Paul Shackleton

Tel: + 44 (0) 20 7776 6550

Beaufort Securities Limited

Guy Wheatley

Tel: +44 (0) 20 7382 8300

Newgate Threadneedle

Graham Herring

Tel: + 44 (0) 20 7653 9850

 

Notes

 

Amedeo Resources plc is an investment company whose policy is to invest principally, but not exclusively, in the resources and resources infrastructure and asset sectors. Amedeo has a deep and broad global network and wide contact base in these sectors, including in East and South East Asia and the Middle East which it leverages to source and make investments. These sectors exhibit high growth and are strategically important. Amedeo is a proactive investor which assists its investee companies to grow by providing investment, expertise and contacts. 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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