Clarification regarding subscription condition and Total Voting Rights
Armor Designs Inc., (AIM: ADID), a knowledge-based designer and manufacturer of composite protective products, confirms that, further to the announcement of 6 May 2014, application has been made for 1,066,667 new common shares of US$0.001 each in the Company ("New Common Shares"), representing 66,667 subscription shares and 1,000,000 common shares being issued into treasury, to be admitted to trading on AIM, with dealings in the New Common Shares now expected to commence at 8.00am on 10June 2014.
Following the issue of the New Common Shares, the Company's issued share capital will comprise 28,334,138 common shares of US$0.01 each with voting rights. The Company now holds 1,000,000 common shares as treasury shares. Therefore the total number of voting rights in the Company is 27,334,138.
The above figure 27,334,138 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 FCA's Disclosure and Transparency Rules.
The Company would like to further clarify that the condition of the subscription referred to in the announcement of 6 May 2014 in a situation where the Company issues any shares in the capital of the Company as part of a further fundraising at a price less than $15, the subscription price, only applies where the Company is raising in excess of $25 million as part of a further fundraising.
For further information please contact:
|SP Angel Corporate Finance LLP
|Tel: +4420 3463 2260|
|Armor Designs, Inc.
James A. St. Ville, President
|Tel: +1 520 329 7686|
Disclaimer - important
Electronic versions of the materials you are seeking to access are being made available on this website by Armor Designs, Inc. ("Armor Designs") pursuant to the AIM rules for companies published by the London stock exchange as a consequence of the fact that the common shares of armor designs are admitted to trading on the AIM market of the London Stock Exchange.
These materials are not directed to nor are they intended for access by persons located or resident in the United States.
None of the securities of Armor Designs discussed or referred to in the materials you are seeking to access have been registered under the US securities act 1933, as amended ("securities act") and may not be offered, sold, pledged or otherwise transferred except (1) in an offshore transaction meeting the requirements of rule 903 or rule 904 of regulation s under the securities act, (2) pursuant to an effective registration statement under the securities act, or (3) pursuant to an available exemption from the registration requirements of the securities act, in each case in accordance with all applicable securities laws.