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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 : 2279G
Ambrian PLC
19 November 2015
Ambrian plc
Redemption of Deferred Shares and Special Deferred Shares
Ambrian plc ("Ambrian" or the "Company") confirms that, on 18 November 2015, it redeemed (i) all of the 111,361,208 deferred shares of GBP0.09 each in the Company in issue (created as a result of the sub-division in March 2015 of each of the Company's former ordinary shares of GBP0.10 each into one ordinary share of GBP0.01 and one deferred share of GBP0.09) and (ii) all of the 19,414,205 special deferred shares of GBP0.01 each in the Company in issue (created as a result of the conversion of the First Tranche Deferred Convertible Securities of GBP0.01 each in the Company due to the Beira cement plant in Mozambique not achieving 'mechanical completion' on or before 15 May 2015), for GBP0.02 in aggregate, in accordance with the rights attaching to both such classes of shares.
The redemption was funded out of the proceeds of the subscription by Lea Yeat Limited (a company connected with the Company Secretary (MSP Secretaries Limited)) for 1 new ordinary share of GBP0.01 in the Company for GBP0.05 in cash, made for the purpose of such redemption. Such ordinary share was issued today.
Application has been made to the London Stock Exchange for such 1 new ordinary share to be admitted to trading on AIM and it is expected that such admission will take place at 8.00 a.m. on 20 November 2015.
Total voting rights
Following the redemption, the total issued share capital of the Company now comprises 276,381,948 ordinary shares of GBP0.01 each ("Ordinary Shares") and 9,707,102 Second Tranche Deferred Convertible Securities of GBP0.01 each (which Second Tranche Deferred Convertible Securities carry no voting rights).
Of the 276,381,948 Ordinary Shares in issue, 4,500,058 Ordinary Shares are held by the Company in treasury and a further aggregate 28,812,191 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 Ambrian with voting rights is 243,069,699. This figure of 243,069,699 may be used by Ambrian shareholders as the denominator for calculations to determine if they have a notifiable interest in Ambrian under the Disclosure and Transparency Rules, or if such interest has changed.
For further information, please contact:-
Ambrian plc +44 (0)20 7634 Roger Clegg, COO 4700 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
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(END) Dow Jones Newswires
November 19, 2015 02:01 ET (07:01 GMT)
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