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LONDON - TAO Alpha PLC (LSE:TAO) announced Tuesday that advisers have exercised warrants over 6,666,666 ordinary shares at an exercise price of 2.5 pence per share.
The warrants, which were issued to the advisers in June 2023, will result in the issuance of 6,666,666 new ordinary shares of £0.001 each. These new shares will rank equally with existing ordinary shares.
The company has applied for the new shares to be admitted to trading on the London Stock Exchange (LON:LSEG) Main Market, with dealings expected to commence around June 30, 2025.
Following the admission of these new shares, TAO Alpha’s total issued and voting share capital will consist of 460,899,201 ordinary shares. The company confirmed it does not hold any ordinary shares in treasury.
TAO Alpha noted that shareholders may use this updated share count as the denominator for calculations to determine if they are required to notify their interest in, or changes to their interest in, the company’s share capital under the FCA’s Disclosure Guidance and Transparency Rules.
The announcement was made through a regulatory information service based on a company press release statement.
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