REG - Fadel Partners Inc. - Exercise of Warrants and Total Voting Rights

Fadel PartnersAnnouncement

04/08/2023 07:00

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RNS Number : 2910I  Fadel Partners Inc.  04 August 2023

 

04 August 2023

Fadel Partners, Inc.

('FADEL', the 'Company' or, together with its subsidiaries, the 'Group')

Exercise of Warrants and Total Voting Rights

Fadel Partners, Inc., a brand compliance, rights and royalty management
software provider, announces that following receipt of two notices to exercise
warrants over a total of 121,925 common shares of $0.001 in the Company (the
"Common Shares") on a net exercise basis, the Company has concluded the
exercise resulting in the issuance of 39,958 Common Shares. These warrants
were issued in July 2016 as part of a previous capital raising process. As the
warrants were exercised on a net exercise basis there are no proceeds due to
the company and following the exercise, no warrants remain outstanding in the
Company.

Admission and Total Voting Rights

Following the exercise of the warrants, application has been made to the
London Stock Exchange for the issue of depositary interests over 39,958 new
Common Shares, which will rank pari passu with the Company's existing Common
Shares, to be admitted to trading on AIM. It is expected that Admission will
become effective and dealings will commence at 8:00 a.m. on 9 August 2023.

Following Admission, the Company will have 20,231,250 common shares of $0.001
each in issue. Shareholders may use this figure as the denominator by which
they are required to notify their interest in, or change their interest in,
the Company under the Disclosure Guidance and Transparency Rules.

 

For further information please contact:

 Tarek Fadel, Chief Executive Officer                                          Via Alma PR

 Vicary Gibbs, Chief Financial Officer

 finnCap Limited (Nomad & Broker)                                              020 7220 0500
 Jonny-Franklin Adams, Emily Watts, Abigail Kelly, Milesh Hindocha (Corporate
 Finance)
 Tim Redfern, Sunila De Silva (ECM)

 Alma PR                                                                       Tel: +44(0)20 3405 0205
 Josh Royston                                                                  fadel@almapr.co.uk
 Andy Bryant
 Matthew Young

 

About FADEL Partners Inc.

FADEL is a developer of cloud based brand compliance and rights and royalty
management software, working with some of the world's leading licensors and
licensees across media, entertainment, publishing, consumer brands and
hi-tech/gaming companies. The Group combines the power of rights management
and content compliance with sophisticated content services, AI-powered visual
search and image and video recognition.

FADEL has two solutions, being IPM Suite (rights and royalty management for
publishers and licensing) and Brand Vision (an integrated platform for Brand
Compliance & Monitoring that includes Content Services, Digital Rights
Management, AI-Powered Content Tracking, a Brand Monitor, and 100 million
Ready-to-License Images).

The Group's main country of operation is the United States, where it is
headquartered in New York, with further operations in the UK, Lebanon, France,
Canada and India. Founded in 2003 by Tarek Fadel (Chief Executive Officer),
FADEL has since grown to a team of 116 full time employees, plus an additional
pool of c.50-60 contractors.

For more information please visit the Group's website at: www.fadel.com
(http://www.fadel.com) .

 

 

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