Shearwater Group PLC Exercise of option agreement (1805V)
January 26 2017 - 3:00AM
UK Regulatory
TIDMSWG
RNS Number : 1805V
Shearwater Group PLC
26 January 2017
26 January 2017
SHEARWATER GROUP PLC
(the "Company")
Exercise of option agreement
Issue of equity
Shearwater Group plc (AIM: SWG), announces that pursuant to an
exercise notice it has received from David Anthony Warren, the sole
director of, and acting on behalf of Tiger Brave Investments
Limited, a British Virgin Islands incorporated entity, with company
number 1915564, it has issued and allotted 31,500,000 new ordinary
shares of 1 pence each in respect of options exercised relating to
an agreement dated and announced on 21 July 2016.
Application will be made for the 31,500,000 new ordinary shares
to be admitted to trading on AIM, which is expected to take place
on 1 February 2017. The new ordinary shares will rank pari passu
with the existing ordinary shares in issue.
In accordance with the provisions of the Disclosure Guidance and
Transparency Rules of the FCA, the Company confirms that, following
this issue, its issued share capital will comprise 535,250,286
Ordinary Shares of 1 pence each. All Ordinary Shares shall have
equal voting rights and none of the Ordinary Shares are held in
treasury. The total number of voting rights in the Company
immediately following Admission will therefore be 535,250,286.
This announcement includes inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
Contacts:
Shearwater Group plc www.aurummining.net
David Williams +44 (0) 797 014 8016
Mo Stevens +44 (0) 780 171 2582
WH Ireland Limited Nominated Adviser & Broker
Mike Coe, Ed Allsopp +44 (0) 117 945 3470
Powerscourt aurum@powerscourt-group.com
Ben Griffiths, Andy
Jones +44 (0)20 7250 1446
This information is provided by RNS
The company news service from the London Stock Exchange
END
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