TIDMAMBR

RNS Number : 0145D

Ambrian PLC

01 July 2016

Ambrian plc

Conversion of Second Tranche Deferred Convertible Securities

Ambrian plc (the "Company") confirms that, as a result of the final dissolution of Consolidated General Minerals plc today, the 9,707,102 Second Tranche Deferred Convertible Securities of GBP0.01 each in the Company have automatically converted into 9,707,102 ordinary shares of GBP0.01 each in the Company (the "New Ordinary Shares").

Accordingly, share certificates for Second Tranche Deferred Convertible Securities have ceased to be valid. Entitlements to New Ordinary Shares arising on the conversion of Second Tranche Deferred Convertible Securities have been issued in certificated form only and share certificates are expected to be despatched to existing holders of Second Tranche Deferred Convertible Securities by 12 July 2016. Holders who wish to subsequently hold their New Ordinary Shares in CREST should follow the standard procedures for the dematerialisation of securities.

Application has been made for all the 9,707,102 New Ordinary Shares to be admitted to trading on AIM ("Admission") and it is anticipated that Admission will take place at 8.00am on 4 July 2016.

Total voting rights

The Company confirms that following the conversion of all the Second Tranche Deferred Convertible Securities, the total issued share capital of the Company now comprises 286,089,050 ordinary shares of GBP0.01 each ("Ordinary Shares").

Of the 286,089,050 Ordinary Shares in issue, 4,500,058 Ordinary Shares are held by the Company in treasury and a further aggregate 28,872,646 Ordinary Shares are held by the Company and its wholly-owned subsidiary, Ambrian Metals Limited, all of which Ordinary Shares do not carry voting rights whilst so held.

Accordingly, the total number of Ordinary Shares in the Company with voting rights is 252,716,346. This figure of 252,716,346 may be used by shareholders in the Company as the denominator for calculations to determine if they have a notifiable interest in the Company under the Disclosure and Transparency Rules (re-named the 'Disclosure Guidance and Transparency Rules' as from 3 July 2016), or if such interest has changed.

For further information, please contact:-

 
 Ambrian plc 
                          +44 (0)20 7634 
 Roger Clegg, COO          4785 
 
 Cenkos Securities plc 
                          +44 (0)131 220 
 Neil McDonald             9771 
                          +44 (0)131 220 
 Nick Tulloch              9772

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 01, 2016 08:25 ET (12:25 GMT)

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