Ananda Developments Plc - Exercise of Warrants PR Newswire

3 February 2020


(“Ananda” or the “Company”)

Exercise of Warrants

Exercise of Warrants

Ananda announces that 23,041,666 ordinary shares of 0.2p each in the Company (“Ordinary Shares”) have been issued following the exercise of warrants at a price of 0.2p per share. The warrants have been exercised by Melissa Sturgess, Chief Executive Officer of the Company. Following this exercise, Ms. Sturgess is interested in 69,653,888 Ordinary Shares, representing 15.79 per cent of the Company’s enlarged issued share capital.

Application will be made for the Ordinary Shares to be admitted to trading on the NEX Exchange Growth Market and admission is expected to become effective on 6 February 2020.

Concert Party Interest

Following the issue of Ordinary Shares referred to above, the members of the Concert Party, whose names are set out below, are interested, in aggregate, in 190,742,776 Ordinary Shares, representing 43.24 per cent of the Company’s enlarged issued share capital. The maximum potential interest of the Concert Party in the voting rights of the Company remains as set out in the table below:

Concert Party    Current     Founder   Subscription  Contingent   Exercise of    Maximum       Maximum
    Member     holding of   Warrants     Warrants   Consideration   Options    interest in   percentage
                Ordinary                               Shares                   Ordinary     interest in
                 Shares                                                          Shares     voting rights
                                                                                following     following
                                                                               exercise of   exercise of
                                                                               the Founder   the Founder
                                                                                Warrants,     Warrants,
                                                                               exercise of   exercise of
                                                                                   the           the
                                                                              Subscription  Subscription
                                                                              Warrants, the Warrants, the
                                                                              issue of the  issue of the
                                                                               Contingent    Contingent
                                                                              Consideration Consideration
                                                                               Shares and    Shares and
                                                                               exercise of   exercise of
                                                                                 Options       Options

Charles Morgan
               22,500,000  23,041,666       -        100,000,000       -       145,541,666     19.06%

Sturgess       69,653,888       -           -        100,000,000       -       169,653,888     22.22%

Sturgess-Smith  1,700,000       -           -             -       10,451,389   12,151,389       1.59%

Redmond         5,000,000       -           -             -            -        5,000,000       0.65%

Gostevskikh         -           -           -             -            -            -             -

Langoulant      3,000,000       -           -             -            -        3,000,000       0.39%

URA            88,888,888       -       88,888,888        -            -       177,777,776     23.29%

CONCERT PARTY  190,742,776 23,041,666   88,888,888   200,000,000  10,451,389   513,124,719     67.21%

IN ISSUE       441,097,220 464,138,886 553,027,774   753,027,774  763,479,163  763,479,163

Words and expressions defined in the circular to shareholders in the Company dated 24 May 2019, which is available on the Company’s website at, have the same meaning in this announcement.

Total Voting Rights

In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, Ananda announces that, following the issue of Ordinary Shares referred to above, the Company now has 441,097,220 Ordinary Shares in issue, each share carrying the right to one vote.

This figure of 441,097,220 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.


The Directors of the Company accept responsibility for the contents of this announcement.

ANANDA DEVELOPMENTS PLC                 +44 (0)7717 573 235
Chief Executive Officer 
Melissa Sturgess

Investor Relations
Jeremy Sturgess-Smith

PETERHOUSE CAPITAL LIMITED              +44 (0)20 7469 0930
Corporate Finance
Mark Anwyl
Allie Feuerlein

Corporate Broking
Lucy Williams
Duncan Vasey

Joint Corporate Broker
John Howes
Patrick Claridge

CELICOURT COMMUNICATIONS                +44 (0)20 8434 2643
Mark Antelme
Ollie Mills


Notification and public disclosure of transactions by persons discharging
  managerial responsibilities and persons closely associated with them.

1  Details of the person discharging managerial responsibilities / person
   closely associated

a) Name                            Melissa Sturgess

2  Reason for the notification

a) Position/status                 Chief Executive Officer

b) Initial notification /Amendment Initial

3  Details of the issuer, emission allowance market participant, auction
   platform, auctioneer or auction monitor

a) Name                            Ananda Developments plc

b) LEI                             894500DFM8VOC5FW4X47

4  Details of the transaction(s): section to be repeated for (i) each
   type of instrument; (ii) each type of transaction; (iii) each date;
   and (iv) each place where transactions have been conducted

a) Description of the financial
   instrument, type of instrument  Ordinary Shares of 0.2p each
   Identification code
                                   ISIN: GB00BDQPXQ60

b) Nature of the transaction       Exercise of Warrants

c) Price(s) and volume(s)          23,041,666 Ordinary Shares at 0.2p per

d) Aggregated information          N/A
   - Aggregated volume
   - Price

e) Date of the transaction         31 January 2020

f) Place of the transaction        NEX Exchange Growth Market

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.