Exercise of Warrants
Warrants over 6.67 million shares exercised at 2.5p per share, new shares to be admitted to trading.
- Shares issued 6,666,666
- Exercise price per share 2.5p
- Total issued share capital post-admission 460,899,201 Ordinary Shares
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This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). The Directors of the Company are responsible for this announcement
TAO Alpha PLC
("TAO", "TAO Alpha" or "the Company")
Exercise of Warrants
The Company also announces that it has received notice of exercise of warrants over 6,666,666 ordinary shares of £0.001 each in the Company ("Ordinary Shares") from advisers who were issued warrants in June 2023 at an exercise price of 2.5p per Ordinary Share. As a result, the Company will issue 6,666,666 new Ordinary Shares.
Application will be made for 6,666,666 new Ordinary Shares, which will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on the London Stock Exchange Main Market ("Admission"). Dealings are expected to commence on or around 30 June 2025.
Following Admission, the Company's total issued and voting share capital will consist of 460,899,201 Ordinary Shares. The Company does not hold any ordinary shares in treasury.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.