Exercise of Warrants

RNS Number : 3641S

Pittards PLC

30 November 2012

 



PITTARDS PLC

(AIM: PTD)

Exercise of Warrants

Pittards plc ("Pittards" or "the Company"), the specialist producer of technically advanced leather and luxury leather goods for sale to retailers, manufacturers and distributors, confirms it has received notice of exercise by West Register (Investments) Limited , a wholly owned subsidiary of Royal Bank of Scotland plc ("RBS"), that it has exercised its warrants over 22,052,473 shares of 1p each ("the New Ordinary Shares") in the Company.

The warrants were granted to RBS in connection with a re-banking exercise in 2007 and represent the entirety of warrants owned by RBS.

The Company confirms it has today applied for the New Ordinary Shares to be admitted to AIM. It is expected that dealings in the New Ordinary Shares will commence with effect from 6 December 2012.

Following admission, RBS will own 22,052,473 shares representing approximately 4.76 per cent of the Company's enlarged issued share capital of 463,101,933 ordinary shares.

Contacts:
Pittards plc	www.pittards.com
Jill Williams, Finance Director	[phone]
WH Ireland Limited	www.wh-ireland.co.uk
John Wakefield / Marc Davies	[phone]

 

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