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Further Placing to Raise
Further to the placings announced by the Company on
In line with the placings announced on 11 June and 6 July, the places ("Placees") will also receive one warrant for every three ordinary shares subscribed for, exercisable at
The net proceeds of the Placing will provide the Company with additional funding to progress its activities and make investments in line with its stated investing policy.
Related Party Transactions
The shareholdings of the Directors in question both prior to and subsequent to the Director Participation are as follows:
Director |
No. of shares |
Subscription shares |
Resultant no. of shares |
% of issued share capital |
|
764,706 |
2,400,000 |
3,164,706 |
1.24 |
|
8,450,980 |
2,369,231 |
10,820,211 |
4.25 |
The subscriptions described above, including the issue of the Placing Warrants, are deemed to be related party transactions for the purposes of Rule 13 of the AIM Rules.
The Placing Shares will rank pari passu with the existing Ordinary Shares and an application has been made to the
Total voting rights
Following Admission, the Company's issued share capital will comprise 254,367,047 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury. The figure of 254,367,047 Ordinary Shares may therefore 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
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
The Directors of
For further information, please contact:
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+44 20 7440 0640 |
James Caithie / |
+44 20 7213 0880 |
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+44 20 7469 0930
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This information is provided by RNS, the news service of the