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Rural Broadband Sltn - Warrants update

Announcement provided by

Global Connectivity PLC · GCON

07/10/2022 15:41

Rural Broadband Sltn - Warrants update
RNS Number : 2280C
Rural Broadband Solutions PLC
07 October 2022


Rural Broadband Solutions Plc

('RBBS' or the 'Company')

Warrants Update




Rural Broadband Solutions Plc (AQSE: RBBS), a provider of high speed broadband to rural areas of Great Britain, announces that in recognition of the support of some of our early and loyal shareholders, your Board has agreed that the terms of the warrants attached to shares subscribed for at the time of our initial public offering in October 2020, which total 100,000,000 warrrants, will be amended.  We are extending the warrant exercise period by 18 months to 21 April 2024 and decreasing the warrant exercise price to 3p per share.  






For more information, contact:


Keith Harris

Executive Chairman

Rural Broadband Solutions Plc



Claire Louise Noyce

AQSE Stock Exchange corporate broker         

Hybridan LLP  

Tel: +44 20 3764 2341



Jon Isaacs

AQSE Stock Exchange corporate adviser 

Alfred Henry Corporate Finance Limited

Tel: +44 (0) 203 772 0021




About Rural Broadband Solutions Plc 

Rural Broadband Solutions Plc is a broadband service provider for deep rural communities in the UK. RBBS uses using leading-edge technologies such as Fixed Wireless and Fibre with a choice of packages and connections from 30Mbps to 900Mbps to provide high-speed broadband services comparable to cities to rural communities. All its connections support VoIP (Voice over Internet Protocol) phone services for home and business. RBBS, through the acquisition of SWS Broadband in 2020, and Cadence Networks Ltd in December 2021, has been building its broadband network in Shropshire and Wales by using Fixed Wireless Access (FWA). RBBS has also been deploying Fibre to the Premises (FTTP) where this is economically viable based on expected take-up rates or with the support of the Gigabit Broadband Voucher Scheme.

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