Exercise of Warrants and Total Voting Rights
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MicroSalt plc, a company commercialising a patented technology to produce full-flavour, low-sodium salt for food manufacturers and consumers, announces that 151,125 ordinary shares of £0.001625 each ("Ordinary Shares") have been allotted to certain shareholders.
Exercise of Warrants
Further to the announcement dated 24 May 2024, the Company has exercised its right under the warrant instrument dated 26 January 2024 to call outstanding warrants over 7,313,976 Ordinary Shares ("Warrants"), pursuant to which a further 151,125 Ordinary Shares have been exercised by warrant holders ("Warrant Exercise"). The Warrants are exercisable at a price of 47.3 pence per Ordinary Share. Further details of the Warrants are contained in the Company's Admission Document, available on the Company's website www.microsalt.co.
Application has been made to the London Stock Exchange for the admission of 151,125 new Ordinary Shares. It is expected that admission will become effective on or around 8 July 2024 ("Admission").
Total Voting Rights
Following Admission, the total number of ordinary shares and voting rights in the Company will be 47,298,526. The Company does not hold any shares in treasury.
For further information, please visit MicroSalt's website follow on X @microSaltPLC or contact:
| MicroSalt plc | Via Flagstaff PR |
| Rick Guiney, CEO | |
| Zeus (Nominated Adviser and Broker) | +44 (0)20 3829 5000 |
| David Foreman / James Edis (Investment Banking) | |
| Dom King (Corporate Broking), Rupert Woolfenden (Sales) | |
| Flagstaff PR (Financial PR/IR) | +44 (0)20 7129 1474 |
Tim Thompson / Alison Allfrey / Anna Probert microsalt@flagstaffcomms.com
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.