REG - Brandshield Systems - Subscription to raise £1.0 million

Brandshield SystemsAnnouncement

24/05/2022 07:16

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RNS Number : 5212M  Brandshield Systems PLC  24 May 2022

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK
VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH
LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED.  ON
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INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

24 May 2022

BrandShield Systems Plc

("BrandShield" or the "Company")

Subscription to raise £1.0 million

 

BrandShield Systems plc (AIM: BRSD), a leading provider of cybersecurity
solutions for brand oriented digital risk protection, announces it has raised
£1.0m (gross) in a subscription ("Subscription") of 12,500,000 shares
("Subscription Shares") at an issue price of 8 pence per share.

 

Subscription Rationale and Use of Proceeds

 

To date, the Company has operated on limited funds in order to conserve
working capital.  Following this investment, the Board of BrandShield will be
in a position to accelerate the following key growth initiatives:

 

·    Expansion of sales and marketing efforts to further capitalise on a
significant market opportunity

·    Convert near-term organic pipeline which continues to gather momentum
despite budgetary constraints

·    Further investment in BrandShield 3.0, which is now central in
driving both existing customer retention and new business pipeline

 

 

Yoav Keren, Chief Executive Officer of BrandShield, commented:

 

"We are delighted to have received further investment into the Company and
believe the investors' ongoing commitment to BrandShield continues to validate
our business and our go to market strategy.

 

Pleasingly, we have seen a significant increase in interest in 2022 for our
products, reflecting the unique nature of our SaaS solutions and the
highlighting the critical need for corporates to protect online cyber threats
external to the organization.

 

This fresh round of investment will enable BrandShield to accelerate a number
of key growth drivers, ensuring we capitalise on what we believe is a
significant market opportunity for our business."

 

The Subscription

 

The Company has entered into a subscription agreement with William Currie
Investments Limited and Sir Terence Leahy ("the Subscribers") whereby the
Subscribers will subscribe for 12,500,000 shares at a share price of 8 pence
per share. The Subscription is conditional upon, inter alia, admission of the
Subscription Shares ("Admission") occurring by no later than 30 June 2022.

 

Admission of Subscription Shares

 

Application will be made for the Subscription Shares to be admitted to trading
on the AIM market of London Stock Exchange plc ("Admission"). It is expected
that Admission will take place at or around 8.00 a.m. (London time) on 27 May
2022 but in any event not later than 8.00 a.m. on 30 June 2022. The
Subscription is conditional upon, inter alia, Admission becoming effective and
the Subscription Agreement not having been ‎terminated.‎ The Subscription
Shares will, when issued, be credited as fully paid and will rank pari passu
in all respects with the Company's existing issued ordinary shares of 1 penny
each ("Ordinary Shares").

 

Total Voting Rights

 

Following Admission, the Company's issued share capital will consist of
141,165,207 Ordinary Shares. The Company holds no Ordinary Shares in treasury.

 

Therefore, the total number of voting rights in BrandShield following
Admission will be 141,165,207, which is the figure which should 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, BrandShield shares under the FCA's Disclosure Guidance and
Transparency Rules.

 

Enquiries:

 BrandShield Systems plc                                             +44 (0)20 3143 8300

 Yoav Keren, CEO

 Spark Advisory Partners Limited (Nominated Adviser)                 +44 (0)20 3368 3554

 Neil Baldwin / Andrew Emmott / James Keeshan

 Shore Capital (Joint Broker)                                        +44 (0)20 7408 4090

 Toby Gibbs / James Thomas / Liam Zabludowicz (Corporate Advisory)

 Henry Willcocks (Corporate Broking)

 Tennyson Securities (Joint Broker)                                  +44 (0)20 3368 3554

 Peter Krens

 Vigo Consulting (Financial Public Relations)                        +44 (0)20 7390 0237

 Jeremy Garcia / Kendall Hill

 brandshield@vigoconsulting.com

 

About BrandShield

 

BrandShield is a provider of cybersecurity solutions from brand protection to
online threat hunting. BrandShield detects online threats and takes them
down. The Company's client base is a growing list of organisations including
Fortune 500 and FTSE100 companies. By utilising AI and big-data analysis,
BrandShield monitors, detects, and removes online threats facing companies.
These threats include social phishing, executive impersonation, fraud, brand
abuse, and counterfeits.

 

For more information, visit  www.brandshield.com
(http://www.brandshield.com/) .

 

 

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