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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ambrian | LSE:AMBR | London | Ordinary Share | GB0003763140 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.50 | 1.25 | 1.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
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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(END) Dow Jones Newswires
July 01, 2016 08:25 ET (12:25 GMT)
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