Corcel PLC has announced the exercise of 100,000,000 warrants at a price of 0.0021 per share, resulting in gross proceeds of 210,000. The company has issued 100,000,000 new ordinary shares as a result. These shares are expected to be admitted to trading on AIM around 13 March 2024.
Following the issuance of the new shares, Corcel PLC's issued ordinary share capital will comprise 1,874,794,153 ordinary shares, all with equal voting rights and none held in Treasury. The total number of voting rights in the company will therefore be 1,874,794,153. Shareholders can use this figure as the denominator for the calculations to determine if they are required to notify their interests in the company.
For further information, interested parties can contact Antoine Karam, Corcel PLC Executive Chairman, or the company's appointed NOMAD & Broker and Investor Relations firm.