REG - HeiQ PLC - Completion of Fundraising, PDMR & Audit Update

HeiqAnnouncement

14/03/2024 13:30

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RNS Number : 9172G  HeiQ PLC  14 March 2024

14 March 2024

HeiQ PLC

("HeiQ" or "the Company")

Completion of Fundraising, PDMR Dealings & Audit Update

The Company announces the completion of the Fundraising following the issuance
of the 28,000,000 New Ordinary Shares and Admission this morning.

 

Accordingly, the Company announces the following dealings by certain Directors
& their persons closely associated, following the automatic conversion of
the Convertible Loan Notes and the issuance of the Convertible Loan Note
Shares to them, as set out below.

 

 Name                Number of Existing Ordinary Shares  Number of Convertible Loan Notes Shares acquired (2) (3)  Number of Ordinary Shares held following Admission  Percentage of the Ordinary Shares held following Admission
 Carlo Centonze (1)  15,142,533                          8,808,793                                                 23,951,326                                          14.21
 Esther Dale-Kolb    902,986                             180,974                                                   1,083,960                                           0.64
 Xaver Hangartner    493,746                             73,368                                                    567,114                                             0.34

 

(1)   Includes shares held by close relatives and controlled entities.

(2)   Acquired by Cortegrande AG, a company wholly owned by Carlo Centonze.

(3)   Of the total 9,699,193 Convertible Loan Notes Shares acquired by
Cortegrande AG, 890,400 were sold to an existing shareholder at the Issue
Price to satisfy demand.

Audit update

As previously announced, the Company has deemed it prudent to extend its
accounting reference date to 30 June to enable the incoming auditor to
properly onboard and complete the audit in a reasonable timeframe. The Company
is preparing unaudited interim financial statements for the 12-month period
ending 31 December  2023, which it expects to publish by 31 March 2024. The
Company's next set of audited financial reports and accounts will be for the
period 1 January 2023 to 30 June 2024 and will be published by 31 October
2024.   The Company continues to seek a replacement auditor and will provide
a further update in due course.

Unless otherwise defined, capitalised terms shall have the same meaning as
those set out in its announcement regarding the Fundraising dated 15 February
2024.

The notification below, is made in accordance with the requirements of the UK
Market Abuse Regulation.

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Cortegrande AG

 2    Reason for the notification

 a)   Position/status                                              Person closely associated with Carlo Centonze, Chief Executive Officer of HeiQ

                                                            Plc

 b)   Initial notification /Amendment                              Initial Notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         HeiQ plc

 b)   LEI                                                          213800IGT65IMJDO4S03

 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  Ordinary Shares of 5 pence each

      Identification code

                                                                   ISIN: GB00BN2CJ299

 b)   Nature of the transaction                                    1)     Acquisition of new ordinary shares following conversion of

                                                                 convertible loan notes

                                                                   2)    Sale of ordinary shares

 c)   Price(s) and volume(s)

Transaction               Price(s)   Volume(s)

                                                            1) Acquisition of shares  8.7 pence  9,699,193
                                                                   2) Sale of shares         8.7 pence  890,400

 

 d)   Aggregated information                                       N/A

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      14 March 2024

 f)   Place of the transaction                                     Outside a trading venue

 

d)

 

Aggregated information

 

- Aggregated volume

- Price

N/A

 

 

e)

 

Date of the transaction

14 March 2024

 

f)

 

Place of the transaction

 

Outside a trading venue

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Esther Dale-Kolb

 2    Reason for the notification

 a)   Position/status                                              Non-Executive Chair

 b)   Initial notification /Amendment                              Initial Notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         HeiQ plc

 b)   LEI                                                          213800IGT65IMJDO4S03

 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  Ordinary Shares of 5 pence each

      Identification code

                                                                   ISIN: GB00BN2CJ299

 b)   Nature of the transaction                                    Acquisition of new ordinary shares following conversion of convertible loan

                                                                 notes

 c)   Price(s) and volume(s)

Price(s)   Volume(s)

                                                                   8.7 pence  180,974

 

 d)   Aggregated information                                       N/A

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      14 March 2024

 f)   Place of the transaction                                     Outside a trading venue

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Xaver Hangartner

 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                                                         HeiQ plc

 b)   LEI                                                          213800IGT65IMJDO4S03

 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  Ordinary Shares of 5 pence each

      Identification code

                                                                   ISIN: GB00BN2CJ299

 b)   Nature of the transaction                                    Acquisition of new ordinary shares following conversion of convertible loan

                                                                 notes

 c)   Price(s) and volume(s)

Price(s)   Volume(s)

                                                                   8.7 pence  73,368

 

 d)   Aggregated information                                       N/A

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      14 March 2024

 f)   Place of the transaction                                     Outside a trading venue

 

d)

 

Aggregated information

 

- Aggregated volume

- Price

N/A

 

 

e)

 

Date of the transaction

14 March 2024

 

f)

 

Place of the transaction

 

Outside a trading venue

1

 

Details of the person discharging managerial responsibilities / person closely
associated

 

a)

 

Name

 

Xaver Hangartner

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

 

HeiQ plc

b)

 

LEI

213800IGT65IMJDO4S03

 

 

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

 

Identification code

Ordinary Shares of 5 pence each

 

 

ISIN: GB00BN2CJ299

 

b)

 

Nature of the transaction

Acquisition of new ordinary shares following conversion of convertible loan
notes

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

 Price(s)   Volume(s)

 8.7 pence  73,368

 

d)

 

Aggregated information

 

- Aggregated volume

- Price

N/A

 

 

e)

 

Date of the transaction

14 March 2024

 

f)

 

Place of the transaction

 

Outside a trading venue

 

For further information, please contact:

 HeiQ Plc                                          +41 56 250 68 50

 Carlo Centonze (CEO)
 Cavendish Capital Markets Limited (Broker)        +44 (0) 207 397 8900

 Stephen Keys / Callum Davidson
 SEC Newgate (Media Enquiries)                     +44 (0) 20 3757 6882

 Elisabeth Cowell / Molly Gretton / Tom Carnegie   HeiQ@s (mailto:HeiQ@secnewgate.co.uk) ecnewgate (mailto:HeiQ@secnewgate.co.uk)
                                                   .co.uk (mailto:HeiQ@secnewgate.co.uk)

Further information on the Company can be found on its website at:
https://www.heiq.com/investor-relations/
(https://www.heiq.com/investor-relations/)

This announcement should be read in its entirety. In particular, the
information in the "Important Notices" section of the announcement should be
read and understood.

About HeiQ

HeiQ is a Swiss-based international company that innovates pioneering and
differentiating materials in partnership with established global brands. We
bridge the academic and commercial worlds to conceive performance-enhancing
materials and technologies, working with aligned brands to research,
manufacture and bring products to market, aiming for lab to consumer in
months. Our goal is to improve the lives of billions by innovating the
materials that go into everyday products, making them more hygienic,
comfortable, protective, and sustainable.

Our strong IP portfolio positions us as an innovation leader for niche,
premium and high-margin products in the textile chemicals, man-made fibers,
paints and coatings, antimicrobial plastics, probiotics and household cleaner
markets. We have also expanded into healthcare facilities, probiotic cleaning,
and hygiene coatings markets to help make hospitals and healthcare
environments more hygienic.

We have developed over 200 technologies in partnership with 300 major brands.
With a substantial research and development pipeline, including key technology
development projects HeiQ AeoniQ, HeiQ ECOS, HeiQ GrapheneX, and HeiQ Synbio,
HeiQ aims to deliver shareholder value through sales growth and entry into new
lucrative markets through disruptive innovation and M&A.

We have built a strong reputation for ESG & sustainable innovation, having
won multiple awards including the Swiss Technology Award twice and the Swiss
Environmental Award. Under experienced leadership, we are committed to driving
our profit in close connection with people and the planet. For more
information, please visit www.heiq.com.

 

 

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