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Xtract Resources PLC (LON:XTR)

Xtract Resources PLC (LON:XTR)


Share Price
0.79 p
Change
0.0195 (2.52 %)
Market Cap
£2.79 m
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Xtract Resources PLC RNS Release

Exercise of Warrants


RNS Number : 8582T
Xtract Resources plc
17 October 2017
 

For immediate release                                                                                                                 17 October 2017

 

Xtract Resources Plc

("Xtract" or "the Company")

Exercise of Warrants

Xtract announces that it has received notice to exercise warrants over 7,647,059 ordinary shares of 0.02p each in the Company ("Ordinary Shares") at an exercise price of 1.7p per Ordinary Share. Accordingly, the Company has issued, 7,647,059 new Ordinary Shares in settlement of this exercise (the "Warrant Exercise").

The new Ordinary Shares will rank pari passu with the existing Ordinary Shares and application has been made for the new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the new Ordinary Shares will commence at 8.00 a.m. on 24 October 2017.

Following the Warrant Exercise and Admission, the Company will have 284,126,645 ordinary shares in issue with voting rights. Xtract does not currently hold any shares in treasury. Accordingly, this figure of 284,126,645 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.

Enquiries:

Xtract Resources Plc

Colin Bird, Executive Chairman

 

+44 (0)20 3416 6471

 

Beaumont Cornish

Michael Cornish

Roland Cornish

Felicity Geidt

+44 (0)207628 3369


Email: [email protected]

 


Beaufort Securities

Jon Belliss

 

+44 (0)207 382 8300

 

 


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