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Thursday, 15 June 2017

Issue of Equity

Etaireia Plc    

Published: 11:51 CEST 15-06-2017 /GlobeNewswire /Source: Etaireia Plc / : ETIP /ISIN: GB00B1Z2XX18

Issue of Equity

    

      15 June 2017                                       

 

ETAIREIA INVESTMENTS PLC

(Etaireia" or the "Company")

    

Issue of Equity

 

Etaireia is pleased to announce that following a request from Mr Babak Shirazi, the Company has issued 3,333,334 new ordinary shares under his option agreement. The 3,333,334 new ordinary shares of 0.01p each have been issued at the agreed price of 0.09p per new ordinary share and the Company has received payment of £3,000.

 

Following this allocation of shares under the option agreement dated 14th July 2016 there remains a total of 330,000,000 shares granted but currently unallocated.

 

Following the issue of the new shares above, the issued share capital of the Company will increase to 1,867,949,955 ordinary shares of 0.01p each.  The new ordinary shares shall rank pari passu with the Company's existing ordinary shares.

 

Shareholders may use the above figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

 

The 3,333,334 new ordinary shares will be admitted to trading on NEX Exchange Growth Market today, 15 June 2017.

 

The Directors of the Company accept responsibility for this announcement.

 

ENDS

    

Enquiries:

Etaireia Investments Plc 

Tel:  079 1756 5565

Baron Bloom, Chairman

  

NEX CORPORATE ADVISER:   

Alexander David Securities Limited 

David Scott - Corporate Finance 

James Dewhurst - Institutional Sales 

Telephone: +44 (0) 20 7448 9820 

http://www.ad-securities.com  49 Queen Victoria Street, London EC4N 4SA    

 

 

                                                     





This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Etaireia PLC, Cambridge House, Cambridge Road, 2nd Floor, Harlow Mill CM20 2EQ, United Kingdom
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