REG - Distil PLC - Exercise of Warrants / PDMR Dealing

DistilAnnouncement

21/12/2021 07:00

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RNS Number : 2614W  Distil PLC  21 December 2021

21 December 2021

Distil plc

("Distil" or the "Company")

Exercise of Warrants / PDMR Dealing

Distil plc (AIM:DIS), owner of premium drinks brands RedLeg Spiced Rum,
Blackwoods Gin and Vodka, TRØVE Botanical Vodka and Blavod Black Vodka,
announces that Grain GmbH, a company with whom Distil non-executive director
Roland Grain is connected, has exercised warrants ("Placing Warrants") over
21,666,666 ordinary shares of 0.1 pence each ("New Ordinary Shares") at an
exercise price of 2 pence per share.

 

The Placing Warrants were issued following shareholders' approval of the
Company's fundraising and proposed investment in Ardgowan Distillery that was
notified on 20 July 2021.

The New Ordinary Shares were allotted on the evening of 20 December 2021.
Application will be made for the admission to trading on AIM ("Admission") for
the 21,666,666 New Ordinary Shares. The New Ordinary Shares will
rank pari passu in all respects with the existing ordinary shares of the
Company. Admission is expected at 8.00 a.m. on or around 24 December 2021.

Following the exercise, Grain GmbH holds 156,476,250 shares in the Company,
representing 22.9% per cent of the Company's enlarged issued share capital.

Total Voting Rights

Following Admission, the Company's issued share capital will comprise
684,399,579 ordinary shares with one voting right each. As the Company does
not hold any shares in Treasury, the total number of voting rights in the
Company is also 684,399,579 and this figure of ordinary shares 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 share capital of the Company under the FCA's Disclosure
Guidance and Transparency Rules.

**ENDS**

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.

For further information please visit http://www.distil.com/ or contact:

 Distil plc
 Don Goulding Executive Chairman                 Tel: +44 203 283 4007

 Shan Claydon, Finance Director
 SPARK Advisory Partners Limited (NOMAD)
 Neil Baldwin                                    Tel +44 203 368 3550

 Mark Brady
 Turner Pope Investments (TPI) Limited (Broker)
 Andy Thacker / James Pope                       Tel +44 20 3657 0050

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities ("PDMRs") and persons closely associated ("PCA")
with them.

 

 1   Details  of  the  person  discharging  managerial  responsibilities  /  person  closely
     associated
 a)  Name                                                                                             Roland Grain
 2   Reason for notification
 a)  Position / status                                                                                Non Executive Director
 b)  Initial notification                                                                             Initial

     /Amendment
 3   Details of the issuer,  emission allowance market participant, auction platform,
     auctioneer or auction monitor
 a)  Name                                                                                             Distil plc
 b)  LEI                                                                                              213800G6BJQ18CKXWF05
 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                                    Exercise of placing warrants to acquire ordinary shares in Distil plc

     Identification code                                                                              ISIN GB0030164023
 b)  Nature of the transaction                                                                        Exercise of placing warrants
 c)  Price(s) and volumes(s)

Price(s)  Volumes(s)
                                                                                                      2.0p      21,666,666

 
 d)  Aggregated information                                                                           n/a
 e)  Date of the transaction                                                                          20 December 2021
 f)  Place of the transaction                                                                         Outside a trading venue

 

d)

Aggregated information

n/a

e)

Date of the transaction

20 December 2021

f)

Place of the transaction

Outside a trading venue

 

 

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