REG - Sabien Technology - Result of Broker Option, Issue of Equity and TVR

Sabien TechnologyAnnouncement

21/02/2024 11:30

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RNS Number : 9558D  Sabien Technology Group PLC  21 February 2024

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION
11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310

 

21 February 2024

Sabien Technology Group plc

("Sabien" or the "Company")

 

Result of Broker Option,

Issue of Equity and Total Voting Rights

 

Sabien Technology Group plc (AIM:SNT), the company focused on a green
aggregation strategy, is pleased to announce the result of the Broker Option
that was originally announced on 19 February 2024 alongside the subscription
agreement with Richard Parris, Executive Chairman and CEO of Sabien.

 

The Company's broker, Peterhouse Capital Limited ("Peterhouse Capital"), has
informed the Company that it has exercised its Broker Option in respect of
1,000,000 new ordinary shares of 3 pence each in the Company ("Ordinary
Shares") (together the "Broker Option Shares").

 

The Broker Option Shares will be issued at 8.0p per new Ordinary Share (the
"Issue Price"), resulting in gross proceeds of £80,000.00 being raised.
Related to this and as announced on 20 February 2024, £40,000.00 has been
raised by the Company through the subscription of 500,000 new Ordinary Shares
(the "Subscription Shares") at the Issue Price by Richard Parris (the
"Subscription" and together with the Broker Option, the "Fundraise"). This
brings the total amount raised under the Fundraise to £120,000.00 (before
expenses).

 

Following the issues of the Broker Option Shares Richard Parris' shareholding
will represent 21.91% of the issued share capital of the Company.

 

Admission to AIM

 

Application has been made to London Stock Exchange plc for 1,000,000 Broker
Option Shares and 500,000 Subscription Shares to be admitted to trading on AIM
("Admission"). It is currently anticipated that Admission will become
effective and that dealings in the 1,500,000 new Ordinary Shares will commence
on AIM at 8.00 a.m. on or around 27 February 2024.

 

Total voting rights

 

On Admission, the Company will have 23,195,168 ordinary shares of 3p each in
issue, each with one voting right. There are no shares held in treasury.
Therefore, upon Admission, the Company's total number of ordinary shares in
issue and voting rights will be 23,195,168 and this figure may be used by
shareholders from Admission 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.

 

For Further Information:

Sabien Technology Group plc

Richard Parris, Executive Chairman
 
+44 20 7993 3700

Scott Fulton, Investor
Relations
scott.fulton@sabien.com

 

Allenby Capital Limited (Nominated Adviser)

John Depasquale / Nick Harriss / Vivek Bhardwaj
 
+44 203 328 5656

 

Peterhouse Capital Limited (Broker)

Duncan Vasey / Lucy
Williams
+44 207 469 0930

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