REG - Cykel AI PLC - Results of General Meeting

Cykel AIAnnouncement

30/09/2025 15:00

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RNS Number : 4655B  Cykel AI PLC  30 September 2025

30 September 2025
Cykel AI PLC

("Cykel AI" or the "Company")

 

Results of General Meeting

 

Cykel AI PLC (LSE:CYK) is pleased to announce that that all resolutions
proposed at the General Meeting held earlier today were duly passed.

 

As a result, and as announced on 28 August 2025, the Company will:

 

·    Restructure the share capital of the Company so as to (a) split each
existing ordinary share of £0.01 into one ordinary share of £0.001 and one
deferred share of £0.009 and (b) consolidate 100 ordinary shares of £0.001
into one new ordinary share of £0.10 ("New Ordinary Share"). As a result, the
Company's the share capital will comprise a total of 5,167,480 ordinary shares
of £0.10 each and 516,748,000 deferred shares of £0.009 each. The record
date for the Share Restructure will be 1 October 2025.

·    Issue warrants over 23,333,333 New Ordinary Shares with a term of
five years exercisable at £0.12 per share (the "Pre-Paid Warrants").

·    Issue 23,333,333 cash warrants over New Ordinary Shares with a term
of five years and an exercise price per share at a 10% premium to the price
per share in the proposed future fundraising announced on 28 August 2025 (the
"Investor Warrants").

 

Admission to Trading and Total Voting Rights

 

Application will be made to the Financial Conduct Authority ("FCA") for
admission of the New Ordinary Shares to the Official List and to the London
Stock Exchange for the New Ordinary Shares to be admitted to trading on the
Main Market of the London Stock Exchange Plc ("Admission"). It is expected
that Admission will become effective at 8:00 a.m. on or around 2 October 2025.
The New Ordinary Shares will rank pari passu with the existing Ordinary Shares
(other than as to nominal value).

 

Following Admission, the total issued share capital of the Company will be
5,167,480 New Ordinary Shares and 516,748,000 deferred shares of £0.009 each,
with no shares held in Treasury. Therefore, the total current voting rights in
the Company following Admission will be 5,167,480 and this figure 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 Guidance and Transparency Rules.

 

Capitalised terms used not defined in this announcement shall have the meaning
given to them in the announcements published on 28 August 2025.

 

 

 

For further information:

 

 

 Cykel AI plc  

 Nick Lyth                                   investors@cykel.ai  

 Interim Chairman

 First Sentinel (Financial Adviser)  

 Brian Stockbridge                           brian@first-sentinel.com (mailto:brian@first-sentinel.com)              +44 (0) 7858 888 007

                                               

 Fortified Securities (Broker)  
 Guy Wheatley                                                                                                        +44 (0) 7493 989014

 

 

 

 

 

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