EXERCISE OF WARRANTS
Aminex PLC (“Aminex” or the
“Company”) announces it has received a notice for the exercise of 167,561,032
warrants over ordinary shares with a nominal value of €0.001 each
("Ordinary Shares"). All the warrants exercised had an exercise price
of Stg 1 pence per warrant. Accordingly, 167,561,032 new Ordinary Shares will
be issued.
The warrants were originally
granted in accordance with a warrant deed signed on 16 January 2013 in
conjunction with a corporate loan facility with a fund managed by Argo Capital
Management (Cyprus) Limited. The
exercise price was originally €0.06 per warrant but subsequently amended on 29
January 2014 to Stg 1 pence per warrant as part of a capital raise. Additional warrants were granted in
accordance with anti-dilution provisions following capital raisings undertaken
by the Company. The warrants were
exercisable by 30 June 2017. No warrants
remain outstanding.
The proceeds from the exercise
of the warrants will be used for working capital purposes.
Application will be made to
the Irish Stock Exchange and the UK Listing Authority for the 167,561,032
Ordinary Shares to be admitted to the Official Lists and application will be
made to the Irish Stock Exchange and the London Stock Exchange for such
Ordinary Shares to be admitted to trading on their respective regulated markets
for listed securities. It is expected that such admission will become effective
and that dealings will commence in the new Ordinary Shares at 8.00 a.m. (London
and Dublin time) on or around 22 May 2017.
Following admission, the enlarged share capital and the total voting
rights of the Company will be 3,643,458,062.