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Pelican House Mining plc

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DGAP-UK-Regulatory News vom 23.11.2017

Hellenic Capital plc: Non-preemptive Entitlement Offer of new ordinary shares of 0.1 pence each ('New Shares') at 0.5 pence per New Share in the Ratio of 1:3 together with Warrants to Subscribe for further New Shares ('Warrants)

Hellenic Capital plc (HECP)

23-Nov-2017 / 14:25 GMT/BST
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+Hellenic Capital plc

("Company" or "Hellenic")

Non-preemptive Entitlement Offer of new ordinary shares of 0.1 pence each ("New Shares") at 0.5 pence per New Share in the Ratio of 1:3 together with Warrants to Subscribe for further New Shares ("Warrants)

The Directors of the Company announce that, the non-preemptive entitlement offer ("Open Offer") having closed in accordance with the Circular dated 7th November 2017 containing the Open Offer, subscriptions were received from Qualifying Shareholders for 300,000 Open Offer Shares. The 300,000 Open Offer Shares subscribed shall be allotted to Qualifying Shareholders who applied for them immediately. The allotments to Qualifying Shareholders of the 300,000 Open Offer Shares mean that there were 49,700,000 New Shares available after Claw-back to Placees under the Placing. The New Shares under the Placing are anticipated to be allotted shortly and a further announcement shall be made when this has occurred.