REG - Boston International - Issue of Ordinary Shares to Boston Merchant (HK)

Boston International HoldingsAnnouncement

26/06/2023 11:45

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RNS Number : 9125D  Boston International Holdings PLC  26 June 2023

The information contained within this announcement is deemed by the Company to
constitute inside information for the purposes of Article 7 of EU Regulation
596/2014 (which forms part of domestic UK law pursuant to the European Union
(Withdrawal) Act 2018) ("UK MAR"). Upon the publication of this announcement
via a Regulatory Information Service, this information is considered to be in
the public domain.

For immediate release

26 June 2023

BOSTON INTERNATIONAL HOLDINGS PLC

("BIH" or the "Company")

Issue of New Ordinary Shares to Boston Merchant (HK) Limited

The board of directors of BIH (the "BIH Board") announces that Boston Merchant
(HK) Limited ("BMHK"), a company incorporated in Hong Kong and owned as to
98.039% of its share capital by Borden James, a Director of the Company, has
subscribed for 20,000,000 new ordinary shares of 0.1 pence each in the Company
(the "New Ordinary Shares") at 0.5 pence per share in cash (the "Subscription
Price").  The New Ordinary Shares were allotted and issued to BMHK on 23 June
2023, raising £100,000 for the Company (before expenses) which is to be used
for ongoing working capital purposes.

As the admission to listing of the Company's ordinary shares on the FCA's
Official List (standard segment) ("Standard Listing") and to trading on the
London Stock Exchange's main market for listed securities ("LSE Main Market
Trading") is currently suspended, such allotment and issue is not conditional
on the New Ordinary Shares being admitted to a Standard Listing or to LSE Main
Market Trading.  Applications will be made in due course for the New Ordinary
Shares to be admitted to a Standard Listing and to LSE Main Market Trading
simultaneously with the lifting of such suspension or otherwise when the
existing or enlarged issued share capital of the Company is itself re-admitted
to a Standard Listing and to LSE Main Market Trading.

Borden James himself owns 4,000,000 ordinary shares of 0.1 pence each in the
Company.

Total Voting Rights

Following the allotment and issue of the New Ordinary Shares, the Company's
issued share capital consists of 148,219,943 ordinary shares of 0.1 pence,
each with one voting right. The Company does not hold any ordinary shares in
treasury. Therefore, the total number of voting rights in the Company is
148,219,943.

The above figure of 148,219,943 should 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 more information, please contact:-

 Boston International Holdings Plc
 Christopher Pitman, Chairman         +44 (0) 7768 104329
 Peterhouse Capital Limited (Broker)
 Lucy Williams / Duncan Vasey         +44 (0) 20 7469 0930

 

The following information relating to the transactions by Boston Merchant (HK)
Limited (a person closely associated with Borden James) has been filed with
the Financial Conduct Authority in accordance with Article 19(1) of UK MAR.

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Boston Merchant (HK) Limited (a person closely associated with William Borden
                                                                   James)
 2    Reason for the notification
 a)   Position/status                                              Person closely associated with a Director
 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Boston International Holdings Plc
 b)   LEI                                                          213800OVVYT6ZUJUXD69
 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 instrument, type of instrument  Ordinary shares of 0.1 pence each

      Identification code

                                                                   ISIN: GB00BD70S874
 b)   Nature of the transaction                                    Subscription for 20,000,000 new ordinary shares
 c)   Price(s) and volume(s)                                       Price      No. of shares
                                                                   0.5 pence  20,000,000
 d)   Aggregated information

      - Aggregated volume                                          20,000,000

      - Price                                                      0.5 pence

      - Total                                                      £100,000
 e)   Date of the transaction                                      23 June 2023
 f)   Place of the transaction                                     Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Price

- Total

 

20,000,000

0.5 pence

£100,000

e)

Date of the transaction

23 June 2023

f)

Place of the transaction

Outside a trading venue

 

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