adept4 plc Exercise of Options, Issue of Equity and TVR (9671R)
November 01 2019 - 6:01AM
UK Regulatory
TIDMAD4
RNS Number : 9671R
adept4 plc
01 November 2019
Adept4 plc
("Adept4" or the "Company")
Exercise of Options, Issue of Equity and Total Voting Rights
Adept4 (AIM: AD4), the AIM quoted provider of IT as a Service,
announces that on
29 October 2019, it received from BGF Investments L.P. ("BGF") a
notice of exercise of options held over 37,500,000 ordinary shares
of 1 penny each in the capital of the Company ("Ordinary Shares").
The options were exercised at a price of 0.35 pence per share in
accordance with the terms of the agreement between the Company and
BGF dated 21 October 2019 ("Option Agreement"), raising gross
proceeds for the Company of GBP131,250. Following receipt of the
subscription monies from BGF on 31 October 2019, the Company has
allotted and issued 37,500,000 Ordinary Shares to BGF.
Further details of the Option Agreement are provided in
paragraph 6 of the Company's 02 October 2019 announcement, a copy
of which is available to view on the Company's website at
https://www.adept4.co.uk/investors/regulatory-news. The Company
also confirms that there are no further options to exercise over
new Ordinary Shares pursuant to the Option Agreement with BGF.
Application has been made to the London Stock Exchange for
37,500,000 new Ordinary Shares to be admitted to trading on AIM
("Admission"). It is expected that trading in the new Ordinary
Shares will commence on AIM at 08.00 a.m. on or around 5 November
2019.
Following Admission, the Company will have 495,225,686 Ordinary
Shares each carrying one voting right in issue. The Company does
not hold any Ordinary Shares in treasury. The total number of
voting rights is therefore 495,225,686. This figure may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Contacts:
Adept4 plc
Simon Duckworth, Non-Executive Chairman 01925 398 255
N+1 Singer (Nominated Adviser and
Broker)
Peter Steel / Ben Farrow 020 7496 3000
MXC Capital Markets LLP
Charlotte Stranner 020 7965 8149
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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