As a result of the Option Exercise, the Company will issue a total of 3,350,000 new ordinary shares
in the capital of the Company (the "New Ordinary Shares
In the event the Offering is not fully subscribed, the major shareholders of the bank (Social Insurance Organisation Bahrain and National Bank of Bahrain) have expressed their non-binding support to subscribe for the remaining unsubscribed Ordinary Shares
up to maximum of BHD 10 million at Offer Price in proportion of their shareholding.
No shares were disposed of, and following this exercise, Max Cawthra increased his interests in Tracsis to 188,022 ordinary shares
Application has been made for the New Ordinary Shares
to be admitted to trading on AIM and dealings are expected to commence on 22 September 2016.
The Options exercised by RJM are converted into Ordinary Shares
at a price of 1p per New Ordinary Share
and relate to services provided prior to and post admission of the Ordinary Shares
to trading on AIM.
Under this conversion, the number of class A ordinary shares
has decreased by 142,000, while the number of class B ordinary shares
has increased by the same number.
Property management company Victoria Park AB (STO:VICPB) reported on Thursday, that during August 2017, the number of votes and the distribution between class A ordinary shares
and class B ordinary shares
of the company has changed.
Faron Pharmaceuticals Ltd (Faron), the clinical stage biopharmaceutical company, announces that it has received a notification from a warrant holder to exercise warrants over 71,370 ordinary shares
in the Company at an exercise price of 1.