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RNS Number : 8788F
Applied Graphene Materials PLC
22 May 2017
 

22 May 2017

 

Applied Graphene Materials plc

 

Issue of Equity and Total Voting Rights

 

Applied Graphene Materials plc (the "Company" or the "Group"), the producer of specialty graphene materials, announces that it received notification of the exercise of 168,906 Warrants (details of which are set out in the Company's AIM admission document). Consequently, the Company has issued 168,906 new ordinary shares of 2 pence each ("Ordinary Shares") at the Placing Price of £1.55 per share.

 

Application has been made to the London Stock Exchange for these Ordinary Shares, which rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM and admission is expected to take place on 26 May 2017.

 

In accordance with the FCA's Disclosure Guidance and Transparency Rules, following this allotment, the Company's issued share capital consists of 22,290,763 Ordinary Shares. The Company does not hold any Ordinary Shares in Treasury.

 

The figure of 22,290,763 Ordinary Shares should be used by shareholders 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 Company under the FCA's Disclosure Guidance and Transparency Rules.

 

Defined terms in this announcement have the same meaning as in the Company's AIM admission document dated 18 November 2013, which is available at the Company's website: www.appliedgraphenematerials.com.

 

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For further information, please contact:

 

Applied Graphene Materials                                                          +44 (0) 1642 438 214

Jon Mabbitt, Chief Executive Officer

Gareth Jones, Chief Financial Officer

 

N+1 Singer                                                                                        +44 (0) 207 496 3000

Richard Lindley / James White

 

Hudson Sandler                                                                                +44 (0) 207 796 4133

Charlie Jack / Emily Dillon



 

Notes to Editors

Applied Graphene Materials was founded by Professor Karl Coleman in 2010 with its operations and processes based on technology that he initially developed at Durham University. The Group is based at the Wilton Site on Teesside and was admitted to AIM in November 2013, initially raising £11 million.

The Group has developed proprietary bottom-up processes which are capable of producing high purity graphene nanoplatelets using a continuous process. The manufacturing processes are based on sustainable, readily available raw materials and therefore do not rely on the supply of graphite, unlike a number of other graphene production techniques. Applied Graphene Materials owns the intellectual property and know-how behind these processes.

Applied Graphene Materials works in partnership with its customers using its knowledge and expertise to provide bespoke graphene dispersions and formats to deliver enhancements and benefits for a wide range of applications.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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