Exercise of Warrants
16 April 2015
YOLO Leisure and Technology plc, the AIM-quoted company focusing on opportunities in the travel, technology and leisure sectors, announces that it has received notification from warrant holder to exercise of warrants over 389,423 ordinary shares of 1 pence each exercised at a price of 1.3 pence per share in the capital of the Company.
The warrants have been exercised by Anne Louise-Reilly-Akers, the wife of Mr Chris Akers, who is a significant shareholder in the company. Mr Chris Akers holds 6,460,432 YOLO shares, representing 4.7% of the enlarged share capital of the Company. Following the exercise of warrants their combined interest will be 7,157,547 YOLO shares, representing 5.2% of the enlarged share capital of the Company, of which 697,115 shares are held by Anne-Louise Reilly-Akers.
The Company has made application for the 389,423 new ordinary shares of 1 pence each to be admitted to trading on AIM. Admission is expected to occur on 21 April 2015. The 389,423 new ordinary shares rank pari passu with the existing ordinary shares.
For the purpose of the Disclosure and Transparency Rules, following admission of the shares detailed above, the Company's enlarged issued share capital will comprise 137,941,970 ordinary shares of 1 pence each. The Company does not hold any shares in treasury. The above figure may 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 Disclosure and Transparency Rules.
For further information please contact:
|YOLO Leisure and Technology plc||www.yoloplc.com|
|Simon Lee Robinson||[email protected]|
|Cairn Financial Advisers LLP|
|Sandy Jamieson / Liam Murray||Tel: +44 20 7148 7900|
|Peterhouse Corporate Finance Limited
|Eran Zucker / Lucy Williams||Tel: + 44 20 7469 0930|