ChallengerX Plc Issue of Equity and Warrants
February 13 2023 - 11:41AM
UK Regulatory
TIDMCXS
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 GBP 250,000 (gross) from Aalto Capital AB, through the issue of 55,555,556
new ordinary shares (the 'Placing Shares') under this equity issue.
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 GBP 0.001 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
55,555,556 warrants to subscribe for new ordinary shares of GBP 0.001 each
('Warrants'). The Warrants are exercisable at 0.45 pence per ordinary share,
and for a period of 5 years from the date of issue.
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 ChallengerX plc
issuer of existing shares to which voting
rights are attached ii:
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X"
if appropriate)
Non-UK issuer
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 Stockholm
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 13 February 2023
reached vi:
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 % of voting rights Total of both in Total number of
rights attached through financial % (8.A + 8.B) voting rights
to shares (total instruments held in issuer
of 8. A) (total of 8.B 1 + (8.A + 8.B) vii
8.B 2)
Resulting 16.19% 0 16.19% 55,555,556
situation on the
date on which
threshold was
crossed or reached
Position of 0 0 0
previous
notification (if
applicable)
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 Number of voting rights ix % of voting rights
shares
ISIN code (if Direct Indirect Direct Indirect
possible) (DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1)
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 Expiration Exercise/ Number of voting rights % of voting
instrument date x Conversion Period xi that may be acquired if rights
the instrument is
exercised/converted.
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 Expiration Exercise/ Physical or cash Number of % of voting
financial date x Conversion Settlement xii voting rights rights
instrument Period xi
SUBTOTAL 8.B.2
9. Information in relation to the person subject to the notification obligation
(please mark the
applicable box with an "X")
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 X
the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity (please add additional rows as
necessary) xiv
Name xv % of voting rights if % of voting rights Total of both if it
it equals or is higher through financial equals or is higher
than the notifiable instruments if it than the notifiable
threshold equals or is higher threshold
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 UK
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 jmay@city-westminster.com
Stuart Adam, CFO sjadam@city-westminster.com
First Sentinel
Corporate Adviser
Brian Stockbridge brian@first-sentinel.com
Beatriz Iribarren +44 7876 888 011
END
(END) Dow Jones Newswires
February 13, 2023 11:41 ET (16:41 GMT)
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