REG - Fragrant Prosperity - Issue of Equity

Fragrant Prosperity HoldingsAnnouncement

23/04/2025 09:00

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RNS Number : 8427F  Fragrant Prosperity Holdings Ltd  23 April 2025

23 April 2025

 

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Fragrant Prosperity Holdings Limited

("FPP" or the "Company")

Equity Fundraise

Fragrant Prosperity Holdings Limited ("Fragrant" or the "Company") announces
it has completed (subject to certain conditions) an equity fundraise of
£74,630.73 (gross) (the "Fundraise") through the issue of 12,438,455 ordinary
shares (the "Fundraise Shares") at a price of 0.6 pence per ordinary share.

The Fundraise has been undertaken by way of a placing of new ordinary shares
("Placing") of no par value ("Ordinary Shares") in the share capital of the
Company and was arranged by Optiva Securities Limited ("Optiva") with its
clients. The Fundraise is to provide additional capital for the Company to
pursue its investment strategy of acquiring a disruptive AI driven fintech
business.

The Company is restricted in that it can only issue up to 19.99% of its issued
share capital in any 12 month period without the publication of a prospectus,
therefore the Fundraise Shares have been restricted to and represent 19.99% of
the issued share capital of the Company prior to the Fundraise.

The Fundraise has been undertaken by means of the Placing pursuant to which,
the Company will issue 12,483,455 ordinary shares at a price of 0.6p per new
ordinary share ("Issue Price"), with each Ordinary Share carrying a half
warrant exercisable at a rice of 0.8p per share valid for 12 months.

Admission and Total Voting Rights

Following Admission of the Fundraise Shares, which is expected to occur at
8.00 am on the 30(th) April 2025, the total number of Ordinary Shares in the
Company will be 74,661,841. This figure 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
Company under the FCA's Disclosure and Transparency Rules.

This announcement contains inside information for the purposes of regulation
11 of the market abuse (amendment) (EU exit) regulations 2019/310. Upon the
publication of this announcement, this inside information is now considered to
be in the public domain.

*Ends*

 

 

 Fragrant Prosperity Holdings Limited
                                       +44 (0) 20 3137 1902

Broker: Optiva Securities

Vishal Balasingham
 
+44 (0) 20 3137 1903

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