IamFire Plc - £4,750,000 Fundraising and Warrant Grants PR Newswire

IamFire plc

AQSE: FIRE

(“IamFire plc” or the “Company”)

Fundraising of £4,750,000

Issuance of Warrants to Directors and Advisors

Total Voting Rights

Particulars of the RIS

  1. The Equity Financing
  2. Director Warrants

     3.    Admission and Total Voting Rights

     4.    Change of Registered Office

  1. Equity Financing

IamFire plc is pleased to announce that it has raised £4,750,000 before expenses through a placing (the “Placing”) of 158,333,333 new ordinary shares of 0.25 p each at 3 pence per share (the “Placing Shares”), conditional upon admission of the Placing Shares to trading on AQSE Growth Market.

Alongside each Placing Share subscribed, subscribers will receive warrants to subscribe for one additional new ordinary share, exercisable at 10 pence per share, with a life to expiry ending 6 months after the date of admission of the Placing Shares to AQSE Growth Market of the Placing Shares.

IamFire plc has also granted 10,000,000 warrants with a strike price of 3p per ordinary share and a life to expiry of 5 years from admission of the Placing Shares as part of the consideration, in relation to the Placing, to certain advisors.

2. Directors’ Warrants

The Board has granted its Directors with a total of 10,000,000 warrants to subscribe for one ordinary share each in the Company.  The warrants will be exercisable at a price of 3 pence per share and shall have a life expiry of 5 years from admission to AQSE Growth Market of the Placing Shares.  The warrants have been issued to the following Directors:

Sandy Barblett (Non-Executive Chairman) – 4,000,000

John Taylor (Executive Director) – 4,000,000

Fiona Wilmot (Non-Executive Director) – 2,000,000

The granting of all of the above warrants is conditional on admission to trading of the Placing Shares.

3.        Admission of Shares and Enlarged Voting Rights

Application will be made for the Placing Shares be admitted to trading on AQSE Growth Market and this is expected to occur on or around Friday 17th December 2021. No application shall be made to admit the warrants being issued to trading on AQSE Growth Market or to any other forum of quotation.

Following the admission of the 158,333,333 Placing Shares, IamFire plc’s issued ordinary share capital shall consist of 205,347,350 ordinary shares of 0.25 pence each. This number represents the total voting rights in the Company, and following admission, may be used by shareholders as the denominator for the calculation by which they can 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 (“FCA”) Disclosure and Transparency Rules. The Placing Shares shall rank pari passu in all respects with the existing ordinary shares of the Company.

4.        Change of Registered Office

With effect from 6 December, the Company has changed its registered office to Hyde Park House, 5 Manfred Road, London SW15 2RS.

London, 14 December 2021

The Directors of the Company, who have issued this RIS announcement after due and careful enquiry, accept responsibility for its content.

REGULATORY ANNOUNCEMENT ENDS

Enquiries:

Company:
John Taylor (Executive Director)
info@iamfireplc.com

Sandy Barblett (Non-Executive Chairman)
 

Peterhouse Capital Limited
Corporate Advisor :
Guy Miller: + 44 (0) 20 7469 0930 (Direct)

Corporate Broker:
Lucy Williams: +44 (0) 20 7469 0930
Duncan Vasey: +44 (0) 20 7220 9797 (Direct)