ChallengerX Plc - Issue of Equity and Warrants
Announcement provided by
ChallengerX plc · CXS13/02/2023 16:41
13 February 2023
ChallengerX plc
(“ChallengerX” or the “Company”)
Issue of Equity and Warrants
Equity Issue
ChallengerX plc (AQSE: CXS) is pleased to announce that it has raised a total of
Admission
Application has been made for the 55,555,556 Placing Shares to be admitted to trading on Aquis Stock Exchange (‘Admission’). Admission is expected to occur at 8:00am on or around 17th February 2023.
Total Voting Rights
Following Admission, the Company's issued share capital will comprise 343,140,556 ordinary shares of
Issue of Warrants
The Company also announces that it has granted Aalto Capital AB a total of 55,555,556 warrants to subscribe for new ordinary shares of
Following the issue of the Warrants, the Company has a total of 58,431,406 warrants in issue.
TR-1: Standard form for notification of major holdings
| NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i | ||||||
| 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii: | ChallengerX plc | |||||
| 1b. Please indicate if the issuer is a non- |
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| Non- |
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| 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) | ||||||
| An acquisition or disposal of voting rights | X | |||||
| An acquisition or disposal of financial instruments | ||||||
| An event changing the breakdown of voting rights | ||||||
| Other (please specify) iii: | ||||||
| 3. Details of person subject to the notification obligation iv | ||||||
| Name | Aalto Capital AB | |||||
| City and country of registered office (if applicable) | ||||||
| 4. Full name of shareholder(s) (if different from 3.) v | ||||||
| Name | ||||||
| City and country of registered office (if applicable) | ||||||
| 5. Date on which the threshold was crossed or reached vi: | 13 February 2023 | |||||
| 6. Date on which issuer notified (DD/MM/YYYY): | 13 February 2023 | |||||
| 7. Total positions of person(s) subject to the notification obligation | ||||||
| % of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) |
Total of both in % (8.A + 8.B) | Total number of voting rights held in issuer (8.A + 8.B) vii | |||
| Resulting situation on the date on which threshold was crossed or reached | 16.19% | 0 | 16.19% | 55,555,556 | ||
| Position of previous notification (if applicable) |
0 | 0 | 0 | |||
| 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii | |||||||||
| A: Voting rights attached to shares | |||||||||
| Class/type of shares ISIN code (if possible) |
Number of voting rights ix | % of voting rights | |||||||
| Direct (DTR5.1) |
Indirect (DTR5.2.1) |
Direct (DTR5.1) |
Indirect (DTR5.2.1) |
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| GB00BMD0WG01 | 55,555,556 | 16.19% | |||||||
| SUBTOTAL 8. A | 55,555,556 | 16.19% | |||||||
| B 1: Financial Instruments according to DTR5.3.1R (1) (a) | |||||||||
| Type of financial instrument | Expiration date x |
Exercise/ Conversion Period xi |
Number of voting rights that may be acquired if the instrument is exercised/converted. |
% of voting rights | |||||
| Warrants | 13/02/2028 | In next 5 years | 55,555,556 | 13.93% | |||||
| SUBTOTAL 8. B 1 | |||||||||
| B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) | |||||||||
| Type of financial instrument | Expiration date x |
Exercise/ Conversion Period xi |
Physical or cash Settlement xii |
Number of voting rights | % of voting rights | ||||
| SUBTOTAL 8.B.2 | |||||||||
| 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”) |
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| Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii | ||||
| Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xiv |
X | |||
| Name xv | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | |
| Aalto Capital AB | 16.19% | 13.93% | 27.87% | |
| 10. In case of proxy voting, please identify: | ||||
| Name of the proxy holder | ||||
| The number and % of voting rights held | ||||
| The date until which the voting rights will be held | ||||
| 11. Additional information xvi | ||||
| Place of completion | |
| Date of completion | 13 February 2023 |
The directors of ChallengerX accept responsibility for this announcement.
For further information please contact:
| ChallengerX plc | |
| John May, Chairman Stuart Adam, CFO |
jmay@city-westminster.com sjadam@city-westminster.com |
| First Sentinel | |
| Corporate Adviser Brian Stockbridge Beatriz Iribarren |
brian@first-sentinel.com +44 7876 888 011 |
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