Exercise of Broker Warrants and Company Options

RNS Number : 2840V

Stellar Resources PLC

24 October 2014

 



24 October 2014

Stellar Resources Plc

("Stellar Resources" or the "Company")

Exercise of Broker Warrants and Company Options

Stellar Resources Plc (AIM: STG) announces that it has received notices of the exercise of broker warrants and company options (the "Exercise") to subscribe for a total of 13,000,000 new ordinary shares in the Company (the "New Ordinary Shares"). The exercise prices of the warrants and options are both 0.4 pence. Optiva Securities Limited continue to hold 4,075,000 warrants at an exercise price of 0.4 pence which expire on 20 November 2018

Application will be made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM ("Admission"). The New Ordinary Shares will rank pari passu with the existing ordinary shares in the Company and Admission is expected to commence on 31 October 2014.

Following Admission, the Company's enlarged issued share capital will comprise 762,548,935 ordinary shares. The Company holds 232 ordinary shares as treasury shares. Therefore, the total number of voting rights in the Company will be 762,548,703. This number 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:

Enquiries:

Stellar Resources plc Donald Strang, Executive Chairman	[phone]
Cairn Financial Advisers LLP James Caithie / Paul Trendell Public Relations: Square 1 Consulting Ltd David Bick / Mark Longson	[phone] [phone]

 

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