Empyrean has issued 500,000 new ordinary shares following the exercise of options by an Option Holder of the Company.
Application will be made for these shares to be admitted to trading on AIM. The shares will rank pari passu with the existing ordinary shares of 0.02p each in the Company.
The Option Holder has today exercised options in respect of 500,000 shares each, being a total of 500,000 options at a price of £0.04 per share. Application has been made for the new ordinary shares to be admitted to AIM on 2 April 2012.
Following the transactions, Empyrean's total issued and voting share capital will comprise 213,060,678 ordinary shares. This figure 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, securities of the Company.