REG - Fadel Partners Inc. - Issuance of Common Shares

Fadel PartnersAnnouncement

02/05/2023 07:00

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RNS Number : 9840X  Fadel Partners Inc.  02 May 2023

2 May 2023

Fadel Partners, Inc.

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

Issuance of Common Shares

Fadel Partners, Inc., a brand compliance, rights and royalty management
software provider, is pleased to announce that on 28 April 2023 the Company
issued 223,289 new depositary interests over common shares of $0.001 ("Common
Shares"), at a price of 144 pence per share, by way of direct subscription
("Subscription"). The participants include friends, family and 34 employees.

The receipt of these funds will be used to repay $401,613 of the Fadel Loan, a
loan between the Company and Tarek Fadel, as detailed in the Admission
Document, published on 4 April 2023. Following the repayment, the remaining
loan balance will be $162,396.

Application has been made to the London Stock Exchange for these Common
Shares, which will rank pari passu with the Company's existing Common Shares,
to be admitted to trading on AIM. Dealings in the new Common Shares on AIM are
expected to commence at 8:00 a.m. on 5 May 2023.

Following Admission of the Common Shares, the Company will have 20,191,292
Common Shares with a nominal value of $0.001 each. Shareholders may use this
figure of Common Shares 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.

Related Party Transaction

Vicary Gibbs, CFO has agreed to subscribe for 14,500 Common Shares for a total
price of £20,880. As at the date of this announcement, Vicary holds 14,500
Common Shares representing approximately 0.07 per cent. of the Common Shares
in issue. Vicary is a director of the Company and his participation in the
Subscription is a related party transaction pursuant to AIM Rule 13.

The Independent Directors, being Tarek Fadel, Ken West, Sally Tilleray, George
Kadifa and Joe Gruttadauria, consider, having consulted with the Company's
nominated adviser, finnCap Ltd, that the terms of Vicary's participation in
the Fundraise are fair and reasonable insofar as the Company's shareholders
are concerned.

 

Tarek Fadel, Chief Executive Officer, commented:

"We are delighted to announce that following our IPO, a significant number of
FADEL employees expressed a strong desire to participate in the growth of our
company.  As a team we are convinced of the merits of our business and it is
both gratifying and very encouraging that so many of our employees have taken
part. Together we look forward to continued growth for all of our
shareholders."

 

 

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) .

 

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Vicary Gibbs
 2.  Reason for the Notification
 a)  Position/status                                              Chief Financial Officer
 b)  Initial notification/Amendment                               Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Fadel Partners, Inc.
 b)  LEI                                                          2138006CF39FSLKDRZ65
 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  Common Stock of $0.001 per share
     Identification code                                          ISIN: USU3033R1024
 b)  Nature of the transaction                                    Purchase of Ordinary Shares
 c)  Price(s) and volume(s)                                       14,500 Ordinary Shares

                                                                  144 pence
 d)  Aggregated information:

     Aggregated volume                                            14,500 Ordinary Shares

     Price                                                        £20,880
 e)  Date of the transaction                                      28 April 2023
 f)  Place of the transaction                                     Outside a trading venue

 

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