Mercom Capital Plc Result of AGM and issue of bonus warrants (4626T)
January 05 2017 - 7:15AM
UK Regulatory
TIDMMCC
RNS Number : 4626T
Mercom Capital Plc
05 January 2017
5 January 2017
Mercom Capital Plc
(the "Company")
Result of AGM and issue of bonus warrants
The Company is pleased to announce that, at the Annual General
Meeting of the Company held earlier today, all the resolutions
(other than resolution 2 which was withdrawn) were duly passed.
In addition, further to the announcement of 21 December 2016 and
pursuant to a resolution of the board of directors, the Company has
determined to create and issue up to 9,350,443 warrants, each
warrant entitling the holder thereof to subscribe for one Ordinary
Share of 0.1p in the capital of the Company ("Ordinary Shares") at
a price of 80p per Ordinary Share exercisable at any time until the
final subscription date of 24 August 2017 (the "2017 Bonus
Warrants"). As previously announced, the record date for the 2017
Bonus Warrants is 5pm today 5 January 2017.
No application is being made for the 2017 Bonus Warrants to be
traded on AIM or any other public market although warrants are
transferable under the terms of the Warrant Instrument. If any of
the warrants remain unexercised after the final subscription date,
they will expire.
A copy of the Warrant Instrument, which contains provisions
typically found in such instruments, including those relating to
the adjustment of the terms of the warrants, protections for
holders of warrants and the procedures for the modification of the
rights of the warrants, will be available to download from the
Company's website (www.mercomcapital.co.uk).
The 2017 Bonus Warrants will not be CREST enabled.
Warrant certificates in respect of 2017 Bonus Warrant
entitlements are expected to be despatched to qualifying
shareholders within 7 days.
The issue of the 2017 Bonus Warrants will not be extended to,
and the 2017 Bonus Warrants will not be issued to and may not
subsequently be exercisable by, US persons. Qualifying shareholders
who are in any doubt about the implications of the 2017 Bonus
Warrants on their personal tax position should consult their
professional adviser.
General Meeting
The Company will be posting a circular to shareholders as soon
as possible convening a General Meeting to approve a new investing
policy, a change in the Company's name and certain other
matters.
The information contained within this announcement is deemed by
the Company to constitute inside information under the Market Abuse
Regulation (EU) No. 596/2014.
Enquiries:
Mercom Capital Plc
Simon Fry +44 (0) 20 7466 5000
Northland Capital Partners
Limited
Nominated Adviser and
Broker
Edward Hutton / Matthew
Johnson +44 (0) 20 3861 6625
Buchanan Communications
Financial communications
consultants
Richard Oldworth +44 (0) 20 7466 5000
This information is provided by RNS
The company news service from the London Stock Exchange
END
RAGEAAFSEFAXEFF
(END) Dow Jones Newswires
January 05, 2017 07:15 ET (12:15 GMT)
Monchhichi (LSE:MCC)
Historical Stock Chart
From Apr 2024 to May 2024
Monchhichi (LSE:MCC)
Historical Stock Chart
From May 2023 to May 2024