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1PM PLC (OPM)

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Tuesday 07 December, 2010

1PM PLC

Exercise of Warrants

RNS Number : 5211X
1PM PLC
07 December 2010
 



1PM PLC

(AIM: OPM)

 

Exercise of Warrants

 

1pm plc ("1pm" or "the Company"), the specialist provider of lease asset finance to the SME sector, announces that it has received valid subscriptions to exercise warrants to subscribe for 23,809,523 new ordinary shares of 0.06818 pence each ("the New Ordinary Shares").  The warrants were issued during the March 2010 fundraising.  The warrants allow for exercise at 0.07 pence per share and are valid from two years from the date of issue, 17 March 2010.  Following this exercise the Company confirms there are  239,523,802 warrants outstanding.

 

Application has been made for the New Ordinary Shares to be admitted to trading on AIM which is expected to occur on 13 December 2010.

 

In accordance with the Disclosure and Transparency Rules (DTR 5.6.1R) the Company hereby notifies the market that immediately following admission of the New Ordinary Shares its issued share capital will consist of 3,192,788,608 Ordinary Shares.  The Company does not hold any shares in treasury.  Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules

 

Contacts:




1pm plc

www.1pm.co.uk

Mike Johnson, Chairman

+44 (0) 844 967 0944

Maria Hampton, Managing Director

+44 (0) 844 967 0944



WH Ireland Limited

www.wh-ireland.co.uk

Mike Coe / Marc Davies

+44 (0) 117 945 3470

 


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