REG-Augmentum Fintech Plc: Result of Fundraise and Total Voting Rights

Augmentum FintechAnnouncement

30/10/2020 07:00

30 October 2020

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN
OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE OF
THIS ANNOUNCEMENT WOULD BE UNLAWFUL.

Neither this Announcement nor any part of it constitutes an offer or
invitation to underwrite, an offer to sell or acquire or the solicitation of
an offer to subscribe for or acquire any securities in any jurisdiction in
which any such offer or solicitation would be unlawful and the information
contained herein is not for publication or distribution, in whole or in part,
directly or indirectly, in or into the United States, Australia, Canada, the
Republic of South Africa, Japan, any member state of the EEA or any
jurisdiction in which such publication or distribution would be unlawful. The
securities referred to herein have not been and will not be registered under
the U.S. Securities Act of 1933 (as amended), under the securities legislation
of any state of the United States or under the applicable securities laws of
Australia, Canada, the Republic of South Africa, Japan or any member state of
the EEA.

LEI: 213800OTQ44T555I8S71

Augmentum Fintech plc

(the “Company” or “Augmentum Fintech”)

Result of Fundraise and Total Voting Rights

The Board of Augmentum Fintech is pleased to announce the successful
completion of the Placing announced on 26 October 2020 and concurrent Retail
Offer.

Demand for the Fundraise from both existing and new investors exceeded the
maximum issue size and accordingly applications have been scaled back. In
total, the maximum of 23,371,380 New Ordinary Shares will be issued pursuant
to the Fundraise at a price of 120 pence per New Ordinary Share, of which
22,560,383 New Ordinary Shares will be issued under the Placing and 810,997
New Ordinary Shares will be issued under the Retail Offer.

Applications have been made for admission of the 23,371,380 New Ordinary
Shares to the premium segment of the Official List of the Financial Conduct
Authority and to trading on the London Stock Exchange plc's main market for
listed securities ("Admission"). Admission is expected to occur at 8.00 a.m.
on 3 November 2020.

Neil England, Non Executive Chairman of the Company, has subscribed for 10,000
New Ordinary Shares pursuant to the Placing.

Following the Fundraise, the Company's issued share capital will comprise
140,423,291 Ordinary Shares. The Company holds 195,000 Ordinary shares in
treasury. Therefore, the total number of voting rights in the Company is
140,228,291. This figure (140,228,291) 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 Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.

Neil England, Non Executive Chairman of Augmentum Fintech plc, commented:
“Augmentum is unique as a fintech specialist with a closed end structure
offering patient capital to companies as they scale-up.  It is pleasing to
see that demand for our shares from the Placing and Retail offer has exceeded
the maximum issue size. I would like to thank our existing shareholders for
their support and welcome the many new investors that have participated in
this fundraise.”

Tim Levene, CEO of the Portfolio Manager, commented: “The success of this
fundraise reflects the growing shift in the move to a digital economy over
recent months and highlights that fintech has been a beneficiary of the
accelerated digital adoption in financial services. The on-going disruption
caused by Covid should maintain the momentum behind this trend and many of
Augmentum's portfolio companies should continue to benefit from this growth.
We look forward to supporting our current portfolio and capitalising on our
qualified pipeline of new investment opportunities.”

For further information, please contact:

 Augmentum  Tim Levene, Portfolio Manager Nigel Szembel, Investor Relations                                                                                                                             +44 (0)20 3961 5420 +44 (0)7802 362088 nigel@augmentum.vc  
 Peel Hunt LLP (Joint Broker and Joint Bookrunner)  Liz Yong, Luke Simpson, Tom Pocock (Investment Banking) Alex Howe, Chris Bunstead, Ed Welsby, Richard Harris (Sales) Sohail Akbar, Max Irwin (ECM)  +44 (0)20 7418 8900                                        
 N+1 Singer Capital Markets Limited (Joint Broker and Joint Bookrunner)  Harry Gooden, Robert Peel, James Moat (Investment Banking) Sam Greatrex, Alan Geeves, James Waterlow, Paul Glover (Sales)      +44 (0)20 7496 3000                                        
 Frostrow  Victoria Hale, Company Secretary                                                                                                                                                             +44 (0)20 3170 8732 info@frostrow.com                      

Notes to Editors

Augmentum Fintech invests in fast growing fintech businesses that are
disrupting the financial services sector. Augmentum Fintech is the UK’s only
publicly listed investment company focusing on the fintech sector in the UK
and wider Europe, having launched on the Main Market of the London Stock
Exchange in 2018, giving businesses access to patient capital and support,
unrestricted by conventional fund timelines and giving public markets
investors access to a largely privately held investment sector during its main
period of growth.

Disclaimer

This announcement does not constitute, and may not be construed as, an offer
to sell or an invitation to purchase investments of any description or a
recommendation regarding the issue or the provision of investment advice by
any party. No information set out in this announcement is intended to form the
basis of any contract of sale, investment decision or any decision to purchase
shares in the Company.

This announcement is not for release, publication or distribution, directly or
indirectly, in or into the United States (including its territories and
possessions, any state of the United States and the District of Columbia,
collectively, the "United States"), Australia, Canada, the Republic of South
Africa, Japan or any other jurisdiction where such distribution is unlawful,
or to US Persons, as defined in Regulation S. The distribution of this
announcement may be restricted by law in certain jurisdictions and persons
into whose possession any document or other information referred to herein
comes should inform themselves about and observe any such restriction. Any
failure to comply with these restrictions may constitute a violation of the
securities laws of any such jurisdiction. This announcement is not an offer of
securities for sale into the United States. Each of Nplus1 Singer Capital
Markets Limited ("Nplus1") and Peel Hunt LLP ("Peel Hunt"), which are
authorised and regulated in the United Kingdom by the FCA, are acting
exclusively for the Company and for no-one else in connection with the
Fundraise and the other arrangements referred to in this announcement and will
not regard any other person as their respective clients in relation to the
Fundraise and the other arrangements referred to in this announcement and will
not be responsible to anyone other than the Company for providing the
protections afforded to their respective clients, nor for providing advice in
connection with the Initial Issue and the other arrangements referred to in
this announcement.

The Ordinary Shares have not been, and will not be, registered under the US
Securities Act 1933 ("US Securities Act") or with any securities regulatory
authority of any state or other jurisdiction of the United States, and may not
be offered or sold within the United States or to or for the account or
benefit of US Persons (as defined in Regulation S under the US Securities Act
("Regulation S"). In addition, the Company has not been and will not be
registered under the US Investment Company Act of 1940, as amended. Outside
the United States, the Ordinary Shares may be sold to non-US Persons pursuant
to the provisions of Regulation S.

The value of shares and any income from them is not guaranteed and can fall as
well as rise due to stock market and currency movements.  When you sell your
investment, you may get back less than you originally invested. Figures refer
to past performance and past performance is not a reliable indicator of future
results. Returns may increase or decrease as a result of currency
fluctuations.

This announcement contains forward looking statements, including, without
limitation, statements including the words “believes”, “estimates”,
“anticipates”, “expects”, “intends”, “may”, “will” or
“should” or, in each case, their negative or other variations or
comparable terminology. Such forward looking statements involve unknown risks,
uncertainties and other factors which may cause the actual results, financial
condition, performance or achievements of the Company, or industry results, to
be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements.

These forward-looking statements speak only as at the date of this
announcement and cannot be relied upon as a guide to future performance. The
Company, the Portfolio Manager, the AIFM, Nplus1 and Peel Hunt expressly
disclaim any obligation or undertaking to update or revise any forward-looking
statements contained herein to reflect actual results or any change in the
assumptions, conditions or circumstances on which any such statements are
based unless required to do so by the Financial Services and Markets Act 2000,
the Prospectus Rules of the Financial Conduct Authority, the EU Market Abuse
Regulation or other applicable laws, regulations or rules.

The information in this announcement is for background purposes only and does
not purport to be full or complete. None of Nplus1 or Peel Hunt, or any of
their respective affiliates, accepts any responsibility or liability
whatsoever for, or makes any representation or warranty, express or implied,
as to this announcement, including the truth, accuracy or completeness of the
information in this announcement (or whether any information has been omitted
from the announcement) or any other information relating to the Company or
associated companies, whether written, oral or in a visual or electronic form,
and howsoever transmitted or made available or for any loss howsoever arising
from any use of the announcement or its contents or otherwise arising in
connection therewith. Nplus1, Peel Hunt and their respective affiliates,
accordingly disclaim all and any liability whether arising in tort, contract
or otherwise which they might otherwise have in respect of this announcement
or its contents or otherwise arising in connection therewith.

In connection with the Fundraise, Nplus1, Peel Hunt and any of their
affiliates, may take up a portion of the Ordinary Shares in the Initial Issue
as a principal position and in that capacity may retain, purchase, sell, offer
to sell for their own accounts such Ordinary Shares and other securities of
the Company or related investments in connection with the Initial Issue or
otherwise.  Accordingly, references in the announcement to the Ordinary
Shares being issued, offered, subscribed, acquired, placed or otherwise dealt
in should be read as including any issue or offer to, or subscription,
acquisition, placing or dealing by, Nplus1, Peel Hunt and any of their
affiliates acting in such capacity.  In addition, Nplus1, Peel Hunt and any
of their affiliates may enter into financing arrangements (including swaps or
contracts for differences) with investors in connection with which Nplus1,
Peel Hunt and any of their affiliates may from time to time acquire, hold or
dispose of Ordinary Shares. Nplus1 and Peel Hunt do not intend to disclose the
extent of any such investment or transactions otherwise than in accordance
with any legal or regulatory obligations to do so.

Capitalised terms used in this announcement have the meanings given to them in
the Company’s announcement of 26 October 2020 titled “Proposed Placing of
New Ordinary Shares”, unless the context provides otherwise.



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