Clarification regarding subscription condition and Total Voting Rights

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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
Tercel Moore
Stuart Gledhill
Tel: +4420 3463 2260
Armor Designs, Inc.
James A. St. Ville, President
Tel: +1 520 329 7686

www.armordesigns.com

 

 

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