REG - Adalan Ventures PLC - Statement re Completion of Share Consolidation

Adalan VenturesAnnouncement

28/07/2023 11:15

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RNS Number : 5726H  Adalan Ventures PLC  28 July 2023

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sale would violate the relevant securities laws of such jurisdiction.

 

For Immediate Release

28 July 2023

Adalan Ventures Plc

("Adalan" or the "Company")

Completion of share consolidation

 

Adalan Ventures plc (the 'Company' or 'Adalan'), is pleased to announce the
completion of the Company's Share Consolidation (as defined below) with a
record date of 5:30pm BST on 27 July 2023. This is following the Company's
announcement on 24 July 2023 that shareholder approval was granted at the
Company's General Meeting for a consolidation of the ordinary shares of the
Company on the basis of 1 new share for every 10 existing shares (the "Share
Consolidation").

 

Following the completion of the Share Consolidation the reduced number of
ordinary shares of £0.01 each ("Ordinary Shares") will replace the Company's
securities that were previously admitted to the Standard Segment of the
Official List, and trading on the London Stock Exchange's Main Market
("Admission"), however, from Admission these Ordinary Shares will be suspended
from the Official List and trading on the Main Market pending publication of
the Company's annual results, which are expected to be published imminently.
Admission became effective at 8:00am BST on 28 July 2023.

 

The ISIN for the New Ordinary Shares is GB00BMXTZ463

 

As a result of the Share Consolidation, the Company hereby notifies the market
that the Company's issued share capital as at 28 July 2023 consisted of
46,197,500  ordinary shares of £0.01 each. The total number of voting rights
in the Company as at 28 July 2023 was 46,197,500 shares.

 

The above figure may be used by shareholders and others with notification
obligations as their 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 Disclosure Guidance and Transparency
Rules of Financial Conduct Authority.

 

 

Further information can be found at the corporate website:
 https://adalanventures.com/ (https://adalanventures.com/)

 

 

Enquiries:

 Adalan Ventures Plc
 Siro Cicconi

                            Tel: +44 (0) 73 9377 9849

 Optiva Securities Limited
 Vishal Balasingham         Tel: +44 (0) 20 3137 1902

 

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 ("MAR").

 

 

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