AfriAg Global Plc - Subscription of GBP250,000 PR Newswire

21 June 2019

AfriAg Global PLC
(‘AfriAg’ or the ‘Company’)

Subscription of GBP250,000

AfriAg Global PLC, a company admitted to trading on London’s NEX Exchange (Ticker: AFRI), announces that it has raised £250,000, before expenses, through the subscription for 250,000,000 new ordinary shares of 0.1 pence each in the Company (the "Subscription Shares") at a price of 0.1 pence per share (the "Subscription"). The Subscription Shares will represent 8.3% of the enlarged issued share capital of the Company.

The funds from this Subscription will be used for general working capital purposes.

Application will be made for the 250,000,000 Subscription Shares to be admitted to trading on the NEX Exchange Growth Market and it is expected that admission will occur on or around 27 June 2019.

Following Admission, the Company's enlarged issued share capital will comprise 3,011,001,037 ordinary shares. The Company does not hold any shares in treasury.

This figure of 3,011,001,037 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.


For further information please contact:

AfriAg Global Plc:                 +44 (0)20 7440 0640
David Lenigas (Executive Chairman)

Peterhouse Capital Limited         +44 (0)20 7469 0930
Guy Miller
Fungai Ndoro

Trading in AfriAg Global Plc shares

AfriAg Global Plc is listed on London’s NEX Exchange under the ticker symbol AFRI.

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