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BMR Group PLC (BMR)

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Monday 13 February, 2017

BMR Group PLC

Issue of equity upon exercise of warrants

RNS Number : 6691W
BMR Group PLC
13 February 2017
 

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

Issue of new ordinary shares upon exercise of warrants

BMR announces that by 10 February 2017, the final date for the exercise of the various warrants issued between 28 October 2015 and 28 October 2016, it had received valid instructions to exercise warrants to subscribe for 5,920,774 new ordinary shares in the Company at a price of 7 pence per share, which represents proceeds of approximately £414,000.

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.

BMR advises that the total number of shares with voting rights will then amount to 189,006,233. This figure represents the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

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

 

MAR Notification Form

for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Michael Alexander BORRELLI

 

2

Reason for notification

a)

Position / status

Director

 

b)

Initial notification / Amendment

Initial

 

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BMR Group PLC

 

b)

LEI

N/A

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description  of  the financial instrument, type of instrument

 

 

Identification code

Warrants for subscription at 7p per share into new ordinary shares

 

 

 

GB00BWV0F181

 

 

b)

Nature of the transaction

Exercise of warrants for subscription at 7p per share into new ordinary shares

 

c)

Price(s) and volumes(s)

 

Price(s)

Volumes(s)

GBP0.07

666,666





 

 

d)

Aggregated information

Price(s)

Volumes(s)

GBP0.07

666,666





 

 

 

 

 

 

 

e)

Date of the transaction

10 February 2017

 

f)

Place of the transaction

London Stock Exchange  - AIM

 

XLON

 

 


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