Premier Veterinary Group PLC Block Listing Application (2351R)
March 08 2016 - 4:00AM
UK Regulatory
TIDMPVG
RNS Number : 2351R
Premier Veterinary Group PLC
08 March 2016
BLOCK LISTING APPLICATION
London, 8 March 2016: Premier Veterinary Group plc (LSE: PVG)
(the "Company") announces that it has made a block listing
application to the London Stock Exchange for the admission of up to
1,674,212 ordinary shares of 10 pence each to the Official List of
the UK Listing Authority and to trading on the London Stock
Exchange's market for listed securities.
The block listing application relates to the following:
Warrants
As part of the arrangements relating to the reverse acquisition
by the Company of Premier Veterinary Group Limited (now PVG 2007
Limited) completed in February 2015, warrants were granted over
279,034 ordinary shares of 10 pence each, vesting and becoming
exercisable in two equal tranches on 27 February 2016 and 27
February 2017 respectively.
The block listing application is for the total number of shares
that could be issued pursuant to the exercise of all of those
warrants, representing approximately 2% of the current issued share
capital. The application for the admission of these shares has been
made in advance for ease of administration.
Further information relating to the warrants can be found in the
Company's Annual Report and Accounts 2015 available on its website:
www.premiervetgroup.co.uk.
Share options
The block listing application also includes a further 1,395,178
shares, being the total number of shares that could be issued
pursuant to the exercise of all options currently outstanding under
the 2014 Ark Therapeutics Group plc Enterprise Management Incentive
Share Option Plan (the "EMI Plan"). If all the options were
exercised, the shares that would be issued would represent
approximately 10% of the current issued share capital.
The application for the admission of these shares has been made
in advance for ease of administration as all the outstanding
options under the EMI Plan vested and became exercisable on 27
February 2016.
Shares issued pursuant to the exercise of the warrants and the
options under the EMI Plan will rank pari passu with the existing
ordinary shares of 10 pence each in the share capital of the
Company.
It is expected that the block admission will become effective on
9 March 2016.
Enquiries:
Premier Veterinary Group plc
Sue Steven, Company Secretary +44 (0)117 370 0300
This information is provided by RNS
The company news service from the London Stock Exchange
END
LISSSFSUWFMSELD
(END) Dow Jones Newswires
March 08, 2016 04:00 ET (09:00 GMT)
Premier Veterinary (LSE:PVG)
Historical Stock Chart
From Aug 2024 to Sep 2024
Premier Veterinary (LSE:PVG)
Historical Stock Chart
From Sep 2023 to Sep 2024