REG-Totally PLC: Issue of options and warrants
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8 October 2009
Totally Plc
("Totally'' or "the Company'')
Issue of options and warrants
Totally, the publisher and internet service provider, announces that it has
today issued options and warrants to an employee of the Company in substitution
for all of the options and warrants previously issued to him. The exercise
prices of all of the options and warrants previously issued to the employee
(ranging from 1.5p to 3.62p per share) are significantly above the current
share price. The Company has, therefore, agreed to cancel all the options and
warrants issued to him and to replace the cancelled options and warrants by
issuing 2,000,000 options and 166,666 warrants.
The options are exercisable immediately from the date of issue for a period of
10 years at an exercise price of 1p per share, being the nominal value of an
Ordinary Share. In addition, the warrants are exercisable immediately from the
date of issue for a period of 10 years at an exercise price of 1p per share,
being the nominal value of an Ordinary Share, which is a premium of 89 per
cent. over the closing middle-market price on 7 October 2009.
Following the issue of the new options detailed above, there are options
outstanding over 16,243,333 ordinary shares, equivalent to 17.66 per cent. of
the issued voting share capital of the Company, which are exercisable at
exercise prices ranging from 1p to 5p per share.
Following the issue of the new warrants detailed above there are warrants
outstanding over 100,123,013 ordinary shares, equivalent to 109 per cent. of
the issued voting share capital of the Company, which are exercisable at
exercise prices ranging from 1p to 5p per share.
At the date of this announcement the Company has 91,947,934 ordinary voting
shares in issue.
For further information:
Totally Plc www.totallyplc.com
Daniel Assor, Chief Executive Officer 020 7692 6929
John East & Partners Limited, a subsidiary of Merchant Securities PLC
Simon Clements 020 7628 2200
Virginia Bull
END
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