REG - Deepverge PLC - Result of Broker Offer; Total Voting Rights

DeepvergeAnnouncement

01/11/2022 16:00

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RNS Number : 9682E  Deepverge PLC  01 November 2022

 

1 November 2022

 

DeepVerge PLC

 

("DeepVerge" or "Company")

 

Result of Broker Offer; Total Voting Rights

DeepVerge (AIM: DVRG), the environmental and life science group of companies
that develops and applies AI and IoT technology to analytical instruments for
the analysis and identification of bacteria, virus and toxins, announces
that, further to the announcement made on 27 October 2022, the Broker Offer, a
facility to allow existing shareholders and other interested parties to
participate in the Fundraise on the same terms to the Placing announced, has
now closed having raised a gross amount of £0.815 million. The Company
received interest of approximately £1 million which was scaled back to give
priority to existing shareholders.

Subject to approval at the General Meeting to be held on 14 November 2022, a
total of 40,750,000 ordinary shares of 0.1p nominal value each ("Broker Offer
shares") will be allotted conditional only on Third Admission with investors
at 2p per share, the same price as the Placing announced on 27 October 2022.
Each Broker Offer Share will rank pari passu with existing Ordinary Shares.
One Placing Warrant will be issued for every 4 Broker Offer Shares
successfully subscribed.

Application will be made for admission of the 40,750,000 Broker Option Shares
which will rank pari passu with existing Ordinary Shares to trading on AIM
("Third Admission"), with Third Admission expected to be on or around 16
November 2022.

Total Voting Rights

Following First Admission (which took place at 800am on 1 November 2022), the
Company's issued share capital now consists of 252,662,334 shares with a
nominal value of 0.1p each, with voting rights ("Ordinary Shares").

Following Second Admission (expected 15 November 2022, subject to the
Resolutions being approved by Shareholders at the General Meeting scheduled
for 14 November 2022 ("General Meeting")), the Company's issued share capital
will consist of 387,662,334 Ordinary Shares.

Following Third Admission (expected 16 November 2022, subject to the
Resolutions being approved by Shareholders at the General Meeting) the
Company's issued share capital will consist of 760,456,378 Ordinary Shares.

The Company does not hold any Ordinary Shares in Treasury.

Therefore, following each respective Admission, the above figure may be used
by shareholders in the Company as the denominator for the calculation by which
they will determine if they are required to notify their interest in, or a
change to their interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.

Terms and definitions in this notification are as defined in the notification
of 27 October 2022.

Dr Nigel Burton, Interim CEO, commented: "The Company and Board are grateful
for the continued support of our shareholders in challenging markets.  With a
strengthened balance sheet, the Company can focus on leveraging its unique
range of technologies to build on its strong customer base, accelerate the
continued expansion of the business and deliver profitable growth and value
for all our shareholders."

 

For further information, please contact:

Enquiries:

 

 DeepVerge plc                          Nigel Burton, Interim Chief Executive  +44 7785 234447

 SPARK Advisory Partners Limited        Neil Baldwin                           +44 (0) 113 370 8974

 (Nominated Adviser)

 Turner Pope Investments (TPI) Limited  Andy Thacker/James Pope                +44 (0) 20 3657 0050

 (Broker)

 

 

Market Abuse Regulation (MAR) Disclosure

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
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

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