Following the release by ICANN of the full list of applications for new generic top level domains and by the Company of the unaudited results for the 6 months ended 30 April 2012, the Board of TLDH was informed on 20 June 2012 by certain of the directors that they intend to exercise in aggregate 34,165,680 warrants at an exercise price of 4p per ordinary share and which would otherwise expire on 31 July 2012. In addition, Mike Mendelson has informed the Board that he intends to exercise 300,000 options at an exercise price of 4p per ordinary share. In aggregate the total proceeds to the Company will amount to £1,378,680. The directors have also confirmed to the Company that they have no current intention to dispose of any of the ordinary shares issued to them on exercise of the relevant warrants or options. The proposed warrant and exercise notices by the directors are set out below:
TLDH announces that it has issued 2,500,000 new ordinary shares pursuant to an exercise of 2,500,000 warrants at an exercise price of 4p each.