Adjustment to number of warra

RNS Number : 1620C

Sabien Technology Group PLC

09 November 2009

 



9 November 2009

Sabien Technology Group plc

("Sabien" or "the Company")

Adjustment to number of warrants in issue

Sabien, the manufacturer and supplier of M2G, an energy efficiency technology, announces that further to the equity placing announced on 14 October 2009, and in accordance with the adjustment mechanism included in the warrant instrument held by TVI 2 Limited ("TV2") (the "Warrants") it has issued 84,433 new Warrants to TV2. As announced on 28 October 2009, the Company has also repaid the £400,000 loan from TV2; as a result, 50 per cent. of the Warrants issued to TV2 have been cancelled and TV2 now holds 1,518,356 Warrants over Sabien ordinary shares ("Ordinary Shares") representing 4.6 per cent. of the enlarged share capital if the Warrants were exercised. 

No other Warrants over Ordinary Shares are in issue.

For further information:

Sabien Technology Group plc
Alan O'Brien, CEO	Tel: [phone]
Gus Orchard, CFO	www.sabien-tech.co.uk

Arbuthnot Securities Limited
Antonio Bossi	Tel: [phone]
	www.arbuthnotsecurities.co.uk

 

END

 

 

MSCUUGUUGUPBGBQ