
("World High Life" or the "Company")
Appointment of Chief Executive Office and Issue of Equity
Appointment of Chief Executive Officer
Tony is one of the founders of the Company's wholly owned subsidiary,
Commenting on Tony's appointment,
Settlement of Deferred Consideration
Concurrently with the appointment of
Accordingly, the Vendors will be issued with a total of 133,333,333 Ordinary Shares at a price of 1.5p per share (the "Vendor Shares"), in full and final settlement of the consideration due to them. The Vendor Shares will be allotted in two tranches: an initial tranche of 68,000,000 Ordinary Shares (the "Initial Vendor Shares") will be allotted immediately, and the balance of 65,000,000 Ordinary Shares will be allotted by no later than
The settlement of the deferred consideration by the issue of the Vendor Shares will eliminate
Issue of additional Ordinary Shares for Cash
Further to the subscription of Ordinary Shares announced by the Company on
Subscribers for the Additional Subscription Shares will also receive 1 share purchase warrant for every 1 Ordinary Share subscribed for, amounting in aggregate to 46,700,000 additional warrants (the "Additional Warrants"). The Additional Warrants may be exercised at any time until 2 years from the closing of this financing at an exercise price of 1.0p per Ordinary Share.
Convertible Debentures
The Company has also issued a Deed of Variation to holders of the outstanding
Resignation
With the appointment of
Application for Admission
Application will be made for the Initial Vendor Shares and the Additional Subscription Shares to be admitted to trading on the AQSE Growth Market and admission is expected to become effective on 9
Enlarged Issued Share Capital
Following the issue of the Initial Vendor Shares and the Additional Subscription Shares, the Company has 401,440,419 Ordinary Shares in issue, each share carrying the right to one vote. The figure of 401,440,419 should 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 to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The Directors of the Company accept responsibility for the contents of this announcement.
About Love Hemp
Love Hemp is one of the
About World High Life
World High Life was established by the founders of Supreme Cannabis (TSX: FIRE), and 1933 Industries (CSE: TGIF), both companies at the forefront of the legalized cannabis industry. LIFE was established to take advantage of the huge opportunities available in the
For further information please contact:
Director +44 (0) 7926 397 675 |
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AQSE Corporate Adviser +44 (0) 20 7469 0930 |
Financial PR +44 (0)7816 924626 +44 (0)7875 744 070 madeleine.gordon-foxwell@blytheweigh.com +44 (0) 7554997357 Blytheweigh +44 (0) 20 7138 3224 |
For more information on World High Life please visit: www.wordhighlife.uk
Save as set out below, there is no further information regarding Antonio ("Tony")
Current Directorships |
Past Directorships |
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Logic 7 Ltd |
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Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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Details of the person discharging managerial responsibilities/person closely associated |
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a) |
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Reason for the notification |
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Position/status: |
Director |
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b) |
Initial notification/Amendment: |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
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World High Life Plc |
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b) |
LEI: |
213800ERYVHIGFSPMM75 |
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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 |
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a) |
Description of the financial instrument, type of instrument: Identification code: |
Ordinary shares of GB00BMDY1P48 |
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b) |
Nature of the transaction: |
Issue of Ordinary Shares |
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c) |
Price(s) and volume(s): |
Ordinary Shares:
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d) |
Aggregated information: Aggregated volume: Price: |
Ordinary Shares:
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e) |
Date of the transaction: |
2021-02-02 |
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f) |
Place of the transaction: |
AQSE Growth Market (AQSE)
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1. |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
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2. |
Reason for the notification |
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Position/status: |
Chief Operating Officer, |
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b) |
Initial notification/Amendment: |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
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World High Life Plc |
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b) |
LEI: |
213800ERYVHIGFSPMM75 |
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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 |
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a) |
Description of the financial instrument, type of instrument: Identification code: |
Ordinary shares of GB00BMDY1P48 |
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b) |
Nature of the transaction: |
Issue of Ordinary Shares |
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c) |
Price(s) and volume(s): |
Ordinary Shares:
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d) |
Aggregated information: Aggregated volume: Price: |
Ordinary Shares:
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e) |
Date of the transaction: |
2021-02-02 |
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f) |
Place of the transaction: |
AQSE Growth Market (AQSE)
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Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information. Upon the publication of this announcement via a
Cautionary Note Regarding Forward Looking Information
We seek safe harbour. Some statements contained in this news release are "forward looking information" within the meaning of securities laws. Forward looking information include, but are not limited to, statements regarding the use of proceeds of the non-brokered private placement and payment of the debt settlements. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases (including negative or grammatical variations) or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Investors are cautioned that forward-looking information is inherently uncertain and involves risks, assumptions and uncertainties that could cause actual results to differ materially. There can be no assurance that future developments affecting the Company will be those anticipated by management. The forward-looking information contained in this press release constitutes management's current estimates, as of the date of this press release, with respect to the matters covered thereby. We expect that these estimates will change as new information is received. We do not undertake to update any estimate at any particular time or in response to any particular event, except as required by law.
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