REG - Ashington Innovation - Issue of Equity

Ashington InnovationAnnouncement

20/12/2023 13:15

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RNS Number : 5024X  Ashington Innovation PLC  20 December 2023

Press Release

 

20 December 2023

Ashington Innovation plc

 

("Ashington" or "the Company")

 

Issue of Equity

 

 

Ashington Innovation plc (LSE: ASHI; FSE: 6FW), a special purpose acquisition
company, announces that on 8 December 2023 the Company issued 1,200,000
ordinary shares of £0.01 in the Company ("Ordinary Shares") to a former
Director in lieu of payment for services as a Director at a price of £0.03
per Ordinary Share.

 

The Company's shares are currently suspended pending the re-admission of the
Company to the Main Market of the London Stock Exchange ("Re-admission").
The new Ordinary Shares, which will rank pari passu with the existing
Ordinary Shares, will be admitted to trading upon Re-admission.

 

Total voting rights

 

Following the issue, the Company has 62,597,898 Ordinary Shares in issue. The
Company does not currently hold any shares in treasury and therefore this
figure may be used by shareholders in the Company as the denominator for the
calculation by which they may determine if they are required to notify their
interest in, or change to their interest in, the share capital of the Company
under the FCA's Disclosure Guidance and Transparency Rules.

 

For further information, please contact:

 

 Ashington Innovation plc
 Jason Smart                         via Tancredi +44 207 887 7633

 Non-Executive Director
 Tancredi Intelligent Communication

 Media Relations
 Helen Humphrey                      +44 7449 226 720

 Charlie Hobbs                       +44 7897 557 112

 Jasmine Gadhavi                     +44 7931 435 236

 ashington@tancredigroup.com

 

About Ashington Innovation plc

Ashington Innovation PLC is a special purpose acquisition company (SPAC),
formed with the intention of acquiring businesses operating in the technology
sector, in particular the financial services technology and deep technology
sectors.

 

The Company believes that in the increasingly fast-changing global environment
there will be an abundance of opportunities to acquire existing businesses in
the technology sector, and in particular businesses that possess and utilise
proprietary technologies and own applicable intellectual property.

 

The Company is not limited to any specific geographic region in identifying
its target companies. www.ashingtoninnovationplc.com
(http://www.ashingtoninnovationplc.com)

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