Exercise of Warrants
Exercise of 9,999,999 warrants at 2.5p per share, with new shares admitted to trading.
- Warrants exercised 9,999,999
- Exercise price per share 2.5p
- Issued share capital after admission 470,899,200 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 announces that it has received notice of exercise of warrants from three warrant holders each exercising 3,333,333 warrants over ordinary shares of £0.001 each in the Company ("Ordinary Shares") at an exercise price of 2.5p per Ordinary Share. As a result, the Company will issue a total of 9,999,999 new Ordinary Shares to the exercisers.
Application will be made for a total of 9,999,999 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 02 July 2025.
Following Admission, the Company's total issued and voting share capital will consist of 470,899,200 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.