Rural Broadband Sltn - Warrants update

Global Connectivity

07/10/2022 15:41

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221007:nRSG2280Ca&default-theme=true

RNS Number : 2280C  Rural Broadband Solutions PLC  07 October 2022

 

Rural Broadband Solutions Plc

('RBBS' or the 'Company')

Warrants Update

 

 

 

Rural Broadband Solutions Plc (AQSE: RBBS), a provider of high speed broadband
to rural areas of Great Britain, announces that in recognition of the support
of some of our early and loyal shareholders, your Board has agreed that the
terms of the warrants attached to shares subscribed for at the time of our
initial public offering in October 2020, which total 100,000,000 warrrants,
will be amended.  We are extending the warrant exercise period by 18 months
to 21 April 2024 and decreasing the warrant exercise price to 3p per
share.

 

--ENDS--

 

 

 

For more information, contact:

 

Keith Harris

Executive Chairman

Rural Broadband Solutions Plc

Email: info@ruralbroadbandsolutions.com
(mailto:info@ruralbroadbandsolutions.com)

www.ruralbroadbandsolutions.com (http://www.ruralbroadbandsolutions.com)

 

Claire Louise Noyce

AQSE Stock Exchange corporate broker

Hybridan LLP

Tel: +44 20 3764 2341

Email: claire.noyce@hybridan.com (mailto:claire.noyce@hybridan.com)

www.hybridan.com (http://www.hybridan.com)

 

Jon Isaacs

AQSE Stock Exchange corporate adviser

Alfred Henry Corporate Finance Limited

Tel: +44 (0) 203 772 0021

Email: jisaacs@alfredhenry.com (mailto:jisaacs@alfredhenry.com)

www.alfredhenry.com (http://www.alfredhenry.com)

 

 

About Rural Broadband Solutions Plc

Rural Broadband Solutions Plc is a broadband service provider for deep rural
communities in the UK. RBBS uses using leading-edge technologies such as Fixed
Wireless and Fibre with a choice of packages and connections from 30Mbps to
900Mbps to provide high-speed broadband services comparable to cities to rural
communities. All its connections support VoIP (Voice over Internet Protocol)
phone services for home and business. RBBS, through the acquisition of SWS
Broadband in 2020, and Cadence Networks Ltd in December 2021, has been
building its broadband network in Shropshire and Wales by using Fixed Wireless
Access (FWA). RBBS has also been deploying Fibre to the Premises (FTTP) where
this is economically viable based on expected take-up rates or with the
support of the Gigabit Broadband Voucher Scheme.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NEXZDLFBLBLXFBD