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Issue and Allotment of Ordinary Shares

RNS Number : 5201R
African Potash Ltd
12 September 2014
 



African Potash Limited / Index: AIM / Epic: AFPO / Sector: Mining

12 September 2014

African Potash Limited ('African Potash' or the 'Company')
Issue and Allotment of Ordinary Shares following Exercise of Conversion Rights

 

African Potash, the AIM listed company focused on sub-Saharan potash assets, announces that it has received notice of exercise in respect of the $200,000 of convertible security previously issued on 14 August 2014 at a conversion price of £0.02548, the details of which were announced to the market on 8 August 2014 pursuant to which 4,889,914 ordinary shares (the "Relevant Shares") fall to be issued.  Application has therefore been made for the Relevant Shares to be admitted to trading on AIM with admission expected to take place on 18 September 2014.  The Relevant Shares will rank pari passu in all respects with all existing ordinary shares in the Company.

 

Following admission of the Relevant Shares, the Company's enlarged issued share capital will comprise 297,631,795 ordinary shares with voting rights.  This figure of 297,631,795 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Disclosure Rules and Transparency Rules of the United Kingdom Listing Authority.

 

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For further information visit www.africanpotash.com or contact the following:

Ed Marlow

African Potash Limited

+44 (0) 20 7408 9200      

Stewart Dickson  (Corporate Finance)

Cantor Fitzgerald Europe

+44 (0) 20 7894 7000      

David Foreman (Corporate Finance)

Cantor Fitzgerald Europe

+44 (0) 20 7894 7000      

Jeremy Stephenson (Corporate Broking)

Cantor Fitzgerald Europe

+44 (0) 20 7894 7000      

Richard Greenfield

GMP Securities Europe LLP

+44 (0) 20 7647 2836      

Susie Geliher

St Brides Media & Finance Ltd

+44 (0) 20 7236 1177      

Charlotte Heap

St Brides Media & Finance Ltd

+44 (0) 20 7236 1177      

 

 


This information is provided by RNS
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