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BMR Group PLC (BMR)

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Monday 30 January, 2017

BMR Group PLC

Director's instruction to exercise warrants

RNS Number : 4124V
BMR Group PLC
30 January 2017
 

BMR Group PLC ("BMR" or the "Company")

Director's instruction to exercise warrants

BMR announces that it received notice on 27 January 2017 that on that day Alex Borrelli, the Company's CEO and Chairman, instructed the exercise of his warrants to subscribe for 666,666 new ordinary shares in the Company at a price of 7 pence per share.

All of the outstanding warrants capable of exercise at 7p per share issued by BMR are exercisable by no later than 10 February 2017, for subscription into 51,120,007 new ordinary shares at 7 pence per share. It is anticipated that the new ordinary shares issued to exercising warrant holders will be admitted to trading on AIM on Thursday 16 February 2017.

Upon completion of his subscription, Mr Borrelli will be interested in 1,733,332 shares in the Company which represents approximately 0.9 per cent of the issued share capital of the Company, as enlarged by the exercise of Mr Borrelli's warrants.

For further information:

BMR Group PLC                                                                                 020 7734 7282

Alex Borrelli, CEO and Chairman

 

WH Ireland Limited                                                                           020 7220 1666

NOMAD and Joint Broker

Chris Fielding, Head of Corporate Finance

Nick Prowting, Manager

 

Peterhouse Corporate Finance                                                        020 7469 0930

Joint Broker  

Lucy Williams/ Duncan Vasey/ Heena Karani

 

 

 

 


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