REG - RegTech Open Project - Transfer of Warrants

REGTECH OPEN PROJECTAnnouncement

11/09/2023 14:00

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RNS Number : 0500M  RegTech Open Project PLC  11 September 2023

11 September 2023

RegTech Open Project plc
("RTOP" or the "Company")

Transfer of Warrants

RegTech Open Project plc (LSE: RTOP), the technology business specialised in
the automation, management, and optimisation of regulatory compliance
operations, announces that it has received notification than an aggregate of
250,000 warrants with an exercise price of £1.00 each ("Warrants") over
ordinary shares of nominal value £0.20 each in the capital of the Company
("Ordinary Shares") have been transferred by The AvantGarde Group S.p.A., a
person closely associated ("PCA") with, and entity wholly-owned by, Alessandro
Zamboni, a person discharging managerial responsibilities ("PDMR"), who is the
Founder and a Non-Executive Director of RTOP, to an independent third-party to
settle an outstanding debt using the £1.00 per Warrant exercise price as a
denominator, in accordance with the terms of the warrant instrument, cast as a
deed, entered into by RTOP on 21 August 2023, pursuant to which they were
granted.

Following the transfer of the Warrants, Alessandro Zamboni (directly via TAG,
and indirectly via RegTech Open Project S.p.A., a wholly-owned subsidiary of
TAG) holds 5,750,000 Warrants and 39,003,000 Ordinary Shares. There has been
no change to the number of outstanding Warrants or Ordinary Shares as a result
of this transfer.

The Warrants are held in certificated form and are not admitted to CREST, and
accordingly do not have an International Securities Identification Number
(ISIN).

This notification has been made in accordance with the requirements of Article
19 of Regulation 2014/596/EU, which is part of the domestic law of the United
Kingdom of Great Britain and Northern Ireland pursuant to the Market Abuse
(Amendment) (EU Exit) Regulations (SI 2019/310). Further details are set out
below.

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         The AvantGarde Group S.p.A.
 2   Reason for the notification
 a)  Position/status                                              PCA of Alessandro Zamboni, Founder and Non-Executive Director of RegTech Open
                                                                  Project plc
 b)  Initial notification/Amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         RegTech Open Project plc
 b)  LEI                                                          21380067ZMA5LECFSL38
 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  Transfer of 250,000 warrants with an exercise of £1.00 each over ordinary

                                                            shares of nominal value £0.20 each in the capital of RegTech Open Project
                                                                  plc, each created pursuant to a warrant instrument, cast as a deed, dated 21

                                                            August 2023

                                                            ISIN of Ordinary Shares: GB00BS3BDY00

     Identification code
 b)  Nature of transaction:                                       Transfer of warrants
 c)  Price(s) and volume(s)                                       Price(s)                                 Volume(s)
                                                                  £1.00                                    250,000
     Aggregated information                                       250,000

     -  Aggregated volume
£250,000

     -  Price
 d)  Date of the transaction                                      11 September 2023
 e)  Place of the transaction                                     Outside of a trading venue

 

- Ends -

Enquiries:

 RegTech Open Project plc

 Ian Halliday-Pegg, CEO              c/o Instinctif Partners
 Instinctif Partners (Financial PR)   regtech@instinctif.com

 Victoria Hayns                      +44 (0)77 7441 1596

Guy Scarborough
+44 (0)79 1717 8920

 Bryn Woodward                       +44 (0)75 0002 7181

 

 

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