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AFRI - Afriag Global News Story

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Last Trade - 17/09/20

Sector
Industrials
Size
Micro Cap
Market Cap £2.14m
Enterprise Value £904k
Revenue £n/a
Position in Universe 1755th / 1806

AfriAg Global Plc: GBP300,000 Share Subscription to Fund Growth

Fri 13th July, 2018 7:00am
12 July 2018

AfriAg Global Plc

("AfriAg Global" or the "Company")

GBP300,000 Share Subscription to Fund Growth

AfriAg Global Plc is pleased to announce that the Company has raised £300,000
before expenses through the subscription for 300,000,000 new ordinary shares
of 0.1 pence each in the Company (the "Subscription Shares") at a price of 0.1
pence per Subscription Share (the "Subscription").

These funds will be used to pursue new investments that fit with the
Company’s existing investment strategy and will also be applied to potential
new investments in the medical cannabis sector should shareholders approve of
the expanded investment strategy when it is put to shareholders shortly.

The Subscription Shares will represent 17.04% of the enlarged issued share
capital of the Company.

Following Admission, the Company's enlarged issued share capital will comprise
1,761,001,037 ordinary shares. The Company does not hold any shares in
treasury.

This figure of 1,761,001,037 ordinary shares may be used by shareholders in
the Company as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change in
their interest in, the share capital of the Company under the FCA's Disclosure
and Transparency Rules.

The directors of the Company accept responsibility for the contents of this
announcement.

-ENDS-

For further information please contact:

 Afriag Global Plc: David Lenigas (Executive Chairman)   +44 (0)20 7440 0640 
 Peterhouse Capital Limited Guy Miller Fungai Ndoro      +44 (0)20 7469 0930 

Notes to Editors:

The Company’s global distribution footprint has expanded considerably over
the years, moving and distributing perishable food products by road, air and
sea for many blue-chip companies around the globe.

AfriAg Global’s 100% owned subsidiary, AfriAg Marketing recorded revenues of
£3.122 million for 2017, with its 40% owned agri-logistics group AfriAg (Pty)
Limited adding value with its full year revenues growing to £14.746 million.



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