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Gate Ventures PLC (GATE)

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Monday 16 March, 2015

Gate Ventures PLC

Exercise of Warrants

RNS Number : 4650H
Gate Ventures PLC
16 March 2015
 

16 March 2015

Gate Ventures Plc

("Gate Ventures" or the "Company")

Exercise of Warrants

 

Gate Ventures announces that on 12 March 2015 it received notice to exercise warrants over 348,515 ordinary shares of 1p each in the Company ("Ordinary Shares") at an exercise price of 10p per Ordinary Share. Accordingly, the Company has issued, in aggregate, 348,515 new Ordinary Shares in settlement of this exercise (the "Warrant Exercise").

 

The new Ordinary Shares will rank pari passu with the existing Ordinary Shares and application has been made for the new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the new Ordinary Shares will commence at 8.00 a.m. on 20 March 2015.

 

Following the Warrant Exercise, the Company's issued share capital will consist of 32,768,517 Ordinary Shares with voting rights. There are no Ordinary Shares held in treasury. This number 32,768,517 may be used by shareholders 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 share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

 

For further information please contact:

 

Gate Ventures Plc

Geoff Morrow, Executive Chairman

+44(0) 20 7887 6347

Beaumont Cornish Limited

Roland Cornish / Emily Staples

+44 (0) 20 7628 3396

Cornhill Capital Limited

Nick Bealer

+44 (0)20 7710 9610

 


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