Kasei Holdings Plc - Issue of Equity and Warrants
Announcement provided by
Kasei Digital Assets Plc · KASH13/02/2023 16:41
13 February 2023
KASEI HOLDINGS PLC
(“Kasei” or the “Company”)
Issue of Equity and Warrants
Equity Issue
Kasei Holdings PLC (AQSE: KASH) is pleased to announce that it has raised a total of
The Company will use the proceeds from the equity issue to further advance its investment strategy.
Admission
Application has been made for the 4,166,667 Placing Shares to be admitted to trading on Aquis Stock Exchange (‘Admission’). Admission is expected to occur at 8:00 am on or around 17th February 2023.
Total Voting Rights
Following Admission, the Company's issued share capital will comprise 33,228,351 ordinary shares of £0.01 each, with each share carrying the right to one vote.
Issue of Warrants
The Company also announces that it has granted Aalto Capital AB a total of 4,166,667 warrants to subscribe for new ordinary shares of £0.01 each (‘Warrants’). The Warrants are exercisable at £0.12 per ordinary share, and for a period of 3 years from the date of issue.
Following the issue of the Warrants, the Company has a total of 4,782,901 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: | KASEI HOLDINGS 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 | 12.54% | 0 | 12.54% | 4,166,667 | ||
| 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) |
||||||
| GB00BN950D98 | 4,166,667 | 12.54% | |||||||
| SUBTOTAL 8. A | 4,166,667 | 12.54% | |||||||
| 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 | 13/02/2026 | In next 3 years | 4,166,667 | 11.41% | |||||
| 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 | 12.54% | 11.41% | 22.28% | |
| 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 |
For further information please contact:
| Jai Patel Chief Investment Officer |
info@kaseiholdings.com |
| First Sentinel Corporate Adviser Brian Stockbridge |
+44 7876 888 011 brian@first-sentinel.com |
About Kasei:
The Company is a technology specialist investor that focuses on cryptocurrencies and blockchain technologies.
The Company's goal is to provide investors with broad based exposure to the fast-growing ecosystem of digital assets, managed using traditional financial portfolio construction techniques. The Company also intends to invest in venture capital and private equity investments in the blockchain ecosystem.
The Company will leverage the Board's expertise, experience, and networks in the cryptocurrency sector and management of digital assets and decentralised finance, to drive value creation and to establish the business. The Board has a proven capability in portfolio management to achieve significant growth.
The Company’s website is located at https://kaseiholdings.com
Forward Looking Statements
This news release may contain “forward-looking” statements and information relating to the Company. These statements are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company management. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
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