RegTech Open Project PLC Transfer of Warrants (0500M)
September 11 2023 - 9:00AM
UK Regulatory
TIDMRTOP
RNS Number : 0500M
RegTech Open Project PLC
11 September 2023
11 September 2023
RegTech Open Project plc
("RTOP" or the "Company")
Transfer of Warrants
RegTech Open Project plc (LSE: RTOP), the technology business
specialised in the automation, management, and optimisation of
regulatory compliance operations, announces that it has received
notification than an aggregate of 250,000 warrants with an exercise
price of GBP1.00 each ("Warrants") over ordinary shares of nominal
value GBP0.20 each in the capital of the Company ("Ordinary
Shares") have been transferred by The AvantGarde Group S.p.A., a
person closely associated ("PCA") with, and entity wholly-owned by,
Alessandro Zamboni, a person discharging managerial
responsibilities ("PDMR"), who is the Founder and a Non-Executive
Director of RTOP, to an independent third-party to settle an
outstanding debt using the GBP1.00 per Warrant exercise price as a
denominator, in accordance with the terms of the warrant
instrument, cast as a deed, entered into by RTOP on 21 August 2023,
pursuant to which they were granted .
Following the transfer of the Warrants, Alessandro Zamboni
(directly via TAG, and indirectly via RegTech Open Project S.p.A.,
a wholly-owned subsidiary of TAG) holds 5,750,000 Warrants and
39,003,000 Ordinary Shares. There has been no change to the number
of outstanding Warrants or Ordinary Shares as a result of this
transfer.
The Warrants are held in certificated form and are not admitted
to CREST, and accordingly do not have an International Securities
Identification Number (ISIN).
This notification has been made in accordance with the
requirements of Article 19 of Regulation 2014/596/ EU, which is
part of the domestic law of the United Kingdom of Great Britain and
Northern Ireland pursuant to the Market Abuse (Amendment) (EU Exit)
Regulations (SI 2019/310). Further details are set out below.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name The AvantGarde Group S.p.A.
---------------------------------------- --------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------
a) Position/status PCA of Alessandro Zamboni, Founder
and Non-Executive Director of RegTech
Open Project plc
---------------------------------------- --------------------------------------------
b) Initial notification/Amendment Initial notification
---------------------------------------- --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------
a) Name RegTech Open Project plc
---------------------------------------- --------------------------------------------
b) LEI 21380067ZMA5LECFSL38
---------------------------------------- --------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--------------------------------------------------------------------------------------
a) Description of the financial Transfer of 250,000 warrants with
instrument, type of instrument an exercise of GBP1.00 each over
ordinary shares of nominal value
GBP0.20 each in the capital of RegTech
Open Project plc, each created pursuant
Identification code to a warrant instrument, cast as
a deed, dated 21 August 2023
ISIN of Ordinary Shares: GB00BS3BDY00
---------------------------------------- --------------------------------------------
b) Nature of transaction: Transfer of warrants
---------------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------------------------------------- --------------------- ---------------------
GBP1.00 250,000
------------------------------------------------------------------- ---------------------
Aggregated information
* Aggregated volume 250,000
GBP250,000
* Price
---------------------------------------- -------------------------------------------------
d) Date of the transaction 11 September 2023
---------------------------------------- --------------------------------------------
e) Place of the transaction Outside of a trading venue
---------------------------------------- --------------------------------------------
- Ends -
Enquiries:
RegTech Open Project plc
Ian Halliday-Pegg, CEO c/o Instinctif Partners
Instinctif Partners (Financial regtech@instinctif.com
PR) +44 (0)77 7441 1596
Victoria Hayns +44 (0)79 1717 8920
Guy Scarborough +44 (0)75 0002 7181
Bryn Woodward
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END
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