REG - Hellenic Dynamics - Timetable for the Proposed Capital Reorganisation

Hellenic DynamicsAnnouncement

17/11/2023 07:00

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RNS Number : 7586T  Hellenic Dynamics PLC  17 November 2023

17 November 2023

 

Hellenic Dynamics plc

("Hellenic Dynamics" or the "Company")

 

Timetable for the Proposed Capital Reorganisation

 

London, 16 November 2023, Hellenic Dynamics Plc (LSE: HELD), a medical
cannabis cultivator with a dedicated focus on producing tetrahydrocannabinol
("THC") dominant strains of medical cannabis flowers for the burgeoning
European medical cannabis markets, announces, further to the Mezzanine Loan
and Posting of Circular announcement on 26 October 2023, the proposed
timetable for the Capital Reorganisation.

 

EXPECTED TIMETABLE OF EVENTS

 

 Publication and posting to Shareholders of the Circular                     25 October 2023
 General Meeting                                                             9:00a.m. on 20 November 2023
 Record date for the consolidation, subdivision and reclassification of the  6:00 p.m. on  24 November 2023
 Existing Ordinary Shares
 Admission of the New Ordinary Shares                                        8:00 a.m. on 27 November 2023
 CREST accounts credited with the New Ordinary Share                         Shortly after 8:00 a.m. on 27 November 2023
 Despatch of definitive share certificates in respect of the New Ordinary    By 8 December 2023
 Shares

 

Capitalised terms and definitions are as included in the circular published on
25 October 2023.

 

As a result of the Capital Reorganisation, the ISIN and SEDOL will changes on
Admission of the New Ordinary Shares, as follows:

 

        Existing      New
 ISIN   GB00B3CQW227  GB00BRXCFB77
 Sedol  B3CQW22       BRXCFB7

 

As noted in the announcement on 26 October 2023, a copy of the circular,
together with supporting documents, is available from the Company's website,
www.hellenicdynamics.com (http://www.hellenicdynamics.com) .

 

The General Meeting will be held at the offices of Shakespeare Martineau LLP,
6th Floor, 60 Gracechurch Street, London, EC3V 0HR on 20 November 2023 at
09:00 a.m. GMT.

 

 

Enquires:

 

 Hellenic Dynamics plc               +44 (0)20 3818 7850
 Davinder Rai                        davinder@hellenicdynamics.com

 Cairn Financial Advisers LLP        +44 (0)20 7213 0880
 Emily Staples / Jo Turner

 Peterhouse Capital                  +44 (0)20 7469 0930
 Lucy Williams / Charles Goodfellow

 

About Hellenic Dynamics plc

 

Founded in 2019, Hellenic Dynamics is specifically focused on the cultivation
and supply of THC ("tetrahydrocannabinol") - dominant strains of medical
cannabis flowers, destined for the growing medical cannabis markets
across Europe. Hellenic Dynamics' core strategy is to develop and operate its
40,000 square metre active cultivation licence from its 195,506 square metre
facility located near Thessaloniki in Northern Greece. In full production,
Hellenic Dynamics is capable of producing over 54,000 kg of dried flowers per
annum.

 

Hellenic Dynamics will take advantage of its relatively low cost base
resulting from a comparatively low cost of power, having its own running
water supply and the labour rates for skilled and semi-skilled labour in
Northern Greece.

 

25 European countries now allow medical cannabis via prescription and the
European cannabis market is expected to reach €43.3 billion per annum by
2027. Sales of Hellenic Dynamics' dried THC-dominant cannabis flowers and
extracts are initially intended for export into Europe's largest market -
Germany, in addition to other European markets including domestically in
Greece.

 

As the first medical cannabis cultivator to obtain a listing on the main
market for listed securities of the London Stock Exchange, Hellenic is
significantly different to the number of CBD (Cannabidiol) related companies
that have appeared over the recent years. Hellenic Dynamics cultivates
THC-dominant medical cannabis flowers. THC-dominant medical cannabis products
are only available via a medical prescription. Medicinal cannabis has been
approved for use both in the United Kingdom and Germany, plus 23 other
European countries, for conditions including but not limited to chronic pain,
intractable chemotherapy-related nausea, anxiety, insomnia,
Tourette's syndrome, substance use disorder, multiple sclerosis, IBS, spinal
cord treatment, lack of appetite due to HIV/AIDS, cachexia, anorexia and
glaucoma.

For further information please visit our website www.hellenicdynamics.com
(http://www.hellenicdynamics.com)

 

Caution regarding forward looking statements

Certain statements in this announcement, are, or may be deemed to be, forward
looking statements. Forward looking statements are identified by their use of
terms and phrases such as ''believe'', ''could'', "should" ''envisage'',
''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect",
''will'' or the negative of those, variations or comparable expressions,
including references to assumptions. These forward-looking statements are not
based on historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of operations,
performance, future capital and other expenditures (including the amount,
nature and sources of funding thereof), competitive advantages, business
prospects and opportunities. Such forward looking statements reflect the
Directors' current beliefs and assumptions and are based on information
currently available to the Directors.

 

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