REG - Intuitive Invests.Gp - Equity fundraise of £1.56 million

Intuitive InvestmentsAnnouncement

06/03/2025 12:00

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RNS Number : 6791Z  Intuitive Investments Group plc  06 March 2025

6 March 2025

 

Intuitive Investments Group plc

Equity fundraise of £1.56 million

Funds to support acceleration of Hui 10 roll out in China

Intuitive Investments Group plc (SFS: IIG) ("IIG" or the "Company"), a
closed-end investment company focused on high-growth opportunities in the
technology and life sciences sectors, is pleased to announce is has raised
£1.56 million by the issue and allotment of 1,300,000 ordinary shares of 10
pence each ("Ordinary Shares"), fully paid. These Ordinary Shares will be
issued for cash at a price of £1.20 per share. The proceeds of the issue will
be invested in Hui 10 Inc. ("Hui 10") to accelerate the rollout of Hui 10's
products and services in China

As part of the fund raise Malcolm Gillies, Non-Executive Director of IIG has
subscribed for 33,330 new Ordinary Shares, taking his total beneficial
interest to 178,568, representing 0.09% of the Company's issued share capital,
post admission of the new Ordinary Shares.

Application has been made for the new Ordinary Shares, which will rank equally
with the existing Ordinary Shares of the Company, to be admitted to trading
on Specialist Fund Segment of the Main Market, becoming effective in
accordance with the admission and disclosure standards of the London Stock
Exchange. It is expected that admission will become effective and dealings in
new Ordinary Shares will commence at 8:00 a.m. on or around 7 March 2025
("Admission").

Following Admission, the Company's issued share capital will consist
of 208,218,006 Ordinary Shares. Since the Company currently holds no shares
in treasury, the total number of voting rights in the Company will
be 208,218,006. Shareholders may use this figure 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 Guidance and Transparency Rules.

Enquiries:

 Intuitive Investments Group plc                    www.iigplc.com (http://www.iigplc.com/)

 Sir Nigel Rudd, Non-Executive Chairman             Via FTI Consulting

 Robert Naylor, CEO

 Giles Willits, CIO

 Zeus                                               +44 (0)20 3829 5000

 Nick Cowles / Graeme Summers

 FTI Consulting                                     +44 (0)20 3727 1000

 Jamie Ricketts / Valerija Cymbal / Jemima Gurney   IIG@fticonsulting.com

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Malcolm Gillies

 2    Reason for the notification

 a)   Position/status                                              Non-Executive Director

 b)   Initial notification /Amendment                              Initial Notification

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

    platform, auctioneer or auction monitor

 a)   Name                                                         Intuitive Investments Group plc

 b)   LEI                                                          2138004A32UIY92WWR66

 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 10 pence each

      Identification code                                          GB00BPTH6Y20

 b)   Nature of the transaction                                    Subscription of shares

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     £1.20             33,330

 d)   Aggregated information                                       N/A single transaction

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      7 March 2025

 f)   Place of the transaction                                     London Stock Exchange

 

About Intuitive Investments Group plc

IIG is an investment company seeking to provide investors with exposure to a
portfolio concentrating on fast growing, high potential Technology and Life
Sciences businesses operating predominantly in the UK, continental Europe, the
US and APAC, utilising the Board's experience to seek to generate capital
growth over the long term for shareholders.

 About Hui10

Hui10 is a technology company with interests in two operating businesses,
Huishi Dehua and Huishi Chunyuan ('Lucky World'), involved in the digital
transformation of the Chinese lottery. Huishi Dehua enables the market
expansion of the Chinese lottery through its proprietary technology platform.
Huishi Dehua is integrated into China's national card settlement system and
payment platform, UnionPay. Hui10 holds a 33% share in Huishi Dehua. Lucky
World is an ecommerce platform which provides China's existing lottery shops
access to a wider fast-moving consumer goods product offering. Hui10 owns 60%
of Lucky World.

 

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