Amphion Innovations PLC Shares Issued for Exercised Warrants (3934J)
April 07 2015 - 2:01AM
UK Regulatory
TIDMAMP
RNS Number : 3934J
Amphion Innovations PLC
07 April 2015
Amphion Innovations plc
Shares Issued for Exercised Warrants
London and New York, 7 April 2015 - Amphion Innovations plc
(LSE: AMP) ("Amphion" or the "Company"), the developer of medical
and technology businesses, today announces that the Company has
issued 15,239,477 ordinary shares of 1 pence each ("Ordinary
Shares") to YA Global Master SPV, Ltd, Ashworth Global Investments
Limited, and Global Market Neutral Strategies SICAV plc in
settlement of their exercise of warrants that were issued in
conjunction with the loan facility, previously announced on 5 June
2014, at exercise prices between 3.5 and 4.375 pence per Ordinary
Share for total proceeds to the Company of GBP580,842.62. There are
no remaining Amphion warrants exercisable under the loan facility.
The new Ordinary Shares to be issued represent 9.11% of the
enlarged issued share capital.
Admission to trading on AIM ("Admission") of the 15,239,477 new
Ordinary Shares, which rank pari passu with the existing Ordinary
Shares, has been applied for, and it is expected that Admission
will become effective and dealings in the new Ordinary Shares will
commence on 10 April 2015. Following this allotment the total
issued share capital of the Company will increase to 167,309,343
Ordinary Shares with each share holding one voting right.
For further information please contact
Amphion Innovations plc
Charlie Morgan,
+1 (212) 210 6224
Yellow Jersey PR
Dominic Barretto / Philip Ranger/ Fiona Walker
+44 7768 537 739
Panmure Gordon Limited
Freddy Crossley / Duncan Monteith (Corporate Finance)
Charles Leigh-Pemberton (Corporate Broking)
+44 020 7886 2500
Plumtree Capital Limited (Advisor to Amphion)
Stephen Austin
+44 207 183 2493
+1 646 568 7502
About Amphion Innovations plc
Amphion (LSE: AMP) builds shareholder value in emerging
companies in the medical and technology sectors, by using a
focused, hands-on company building approach, based on decades of
experience in both the US and UK. Amphion has significant
shareholding in 7 Partner Companies developing proven technologies
targeting substantial commercial marketplaces. The Amphion model
has been refined to optimise the commercialisation of patents and
other intellectual property within the Partner Companies. The
Partner Companies collectively own or control over 200 separately
identified pieces of intellectual property, a number which grows
rapidly each year.
On the web: www.amphionplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
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