Dispersion Holdings - Issue of Warrants
RNS Number : 9954X
Dispersion Holdings PLC
11 January 2022
 

Press Release

 

11 January 2022

 

DISPERSION HOLDINGS PLC

 

("Dispersion" or "the Company")

 

Issue of Warrants

 

Dispersion (AQSE: DEFI), an incubator specialising in decentralised finance (DeFi), announces that it has issued warrants over 55,600,000 ordinary shares ("the Warrants") to certain of its Directors, other staff members, and outside service providers.

 

The Warrants have an exercise price of 4.5 pence per share and can be exercised at any time until 7 January 2026. The exercise price is 50% higher than the price at IPO.

 

Following the grants of the Warrants, the Company has a total 96,200,000 warrants in issue, representing approximately 7.9% of the issued share capital of the Company.

 

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).

 

The directors of Dispersion Holdings plc accept responsibility for this announcement.

 

For further information, please contact:

 

Dispersion Holdings


Philip Blows

Chief Executive

 

Neil Thapar

Investor Relations

via Tancredi +44 207 887 7633

 

 

+44 7876 455 323

 

Tennyson Securities


Corporate Broker

Peter Krens

 

+44 207 186 9030

Novum Securities


AQSE Corporate Adviser

David Coffman / Lucy Bowden

Broker

Colin Rowbury / Jon Belliss

+44 207 399 9400

Tancredi Intelligent Communication

Media Relations


Edward Daly

Charlie Hobbs

dispersion@tancredigroup.com

+44 7861 430 057

+44 7897 557 112

 

 

About Dispersion Holdings PLC:

Dispersion Holdings is an incubator specialising in opportunities in decentralised finance (DeFi), a disruptive technology using blockchain and cryptocurrencies to remove financial intermediaries from transactions, creating a cheaper, more efficient and more secure way of providing financial services. Listed on the Aquis Exchange in London, we apply our expertise to the business operations and strategic plans of FinTech companies in the UK, USA and Canada, and act as an accelerator for start-ups and early-stage companies. www.dispersionholdings.com

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

 

a.

Name

1) Phil Blows

 

2) Digby Try

 

3) Mike Edwards

 

4) Nicholas Lyth

 

2.

Reason for Notification

 

a.

Position/Status

1) CEO

 

2) Director

 

3) Executive Chairman

 

4) Director

 

b.

Initial Notification/Amendment

Initial notification

3.

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

a.

Name

Dispersion Holdings PLC

b.

LEI

213800JY9TG4848ZLR34

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

 

Identification Code

Warrants of Ordinary Shares of 4.5p each

 

 

ISIN Code: GB00BN6JHS87

b.

Nature of the transaction

Issue of Warrants

c.

Price(s) and volume(s)

Price

1) 4.5p

 

2) 4.5p

 

 

3) 4.5p

 

4) 4.5p

Volume

15,000,000

 

15,000,000

 

 

8,000,000

 

4,000,000

 

d.

Aggregated information

 

Aggregated Volume

 

Price

 

 

42,000,000

 

4.5p

e.

Date of the transaction

8 January 2022

f.

Location of the transaction

London, United Kingdom

 

 

 

 

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