Exercise of Warrants and Issue of Equity
14/12/2021 06:59
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RNS Number : 4968V S-Ventures PLC 14 December 2021
14 December 2021
S-VENTURES PLC
("S-Ventures" or the "Company")
Exercise of Warrants and Issue of Equity
The Company announces that it has received a Notice of Exercise from a warrant
holder in respect of 250,000 warrants over shares at a price of 2p per
ordinary share.
The Company issued 250,000 new Ordinary Shares on 14 December 2021 to the
exercising warrant holder.
Furthermore, the Company has agreed to issue 156,250 Ordinary Shares in lieu
of cash for professional services provided to the Company. The 156,250
Ordinary Shares were issued at a price of 32 pence, the prevailing share price
at the time of negotiations.
Application has been made for the new Ordinary Shares to be admitted to
trading on AQSE which is expected to occur on 17 December 2021 ("Admission").
Following this issue, the issued share capital of the Company is now
112,534,197 Ordinary Shares. This figure may be used by shareholders as the
denominator for the calculations by which they will determine if they are
required to notify their interests in, or change to their interest in, the
Company under the FCA's Disclosure and Transparency Rules
For further information, please contact:
The Company
Robert Hewitt +44 (0) 1932 400 224
AQSE Corporate Adviser and Broker:
VSA Capital Limited
Andrew Raca/Pascal Wiese - Corporate Finance +44 (0) 20 3005 5000
Andrew Monk (Corporate Broking)
Andrew Monk (Corporate Broking)
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