REG - Sabien Technology - Warrant Exercise

Sabien TechnologyAnnouncement

26/11/2021 07:00

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RNS Number : 6622T  Sabien Technology Group PLC  26 November 2021

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

 
26 November 2021

Sabien Technology Group plc

("Sabien" or the "Company")

Warrant Exercise Notice and Total Voting Rights

Sabien Technology Group plc, a company focussed on building a portfolio of
operations which, in combination, provide critical elements of the transition
to a Green Economy, announces that it has received an exercise notice from
investors in relation to 50,000 warrants.

The Company announced the issue of the warrants on 20 January 2021, which are
exercisable at an exercise price of 30 pence per share following the 29 March
2021 300:1 share consolidation.   Accordingly, pursuant to the warrant
exercise notice, Sabien will issue 50,000 new ordinary shares of 3 pence each
in the capital of the Company ("Ordinary Shares") (the "New Shares").
Application will be made for the New Shares to be admitted to trading on AIM
and admission is expected to become effective on 2 December 2021
("Admission").

Following Admission, the Company will have 14,720,168 Ordinary Shares in
issue, each share carrying the right to one vote. The Company does not hold
any Ordinary Shares in Treasury. Following Admission, the figure of 14,720,168
Ordinary Shares may be used by shareholders in the Company 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 share capital
of the Company under the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.

Further Information:

 Sabien Technology Group plc                       +44 20 7993 3700

 Richard Parris, Executive Chairman

 Allenby Capital Limited (Nominated Adviser)       +44 20 3328 5656

 John Depasquale / Nick Harriss / Vivek Bhardwaj

 Peterhouse Capital Limited (Broker)               +44 20 7469 0930

 Duncan Vasey / Lucy Williams

 

The person who arranged for the release of this announcement on behalf of the
Company was Richard Parris, Executive Chairman.

A copy of this announcement will be available from the Company's website at
www.sabien-tech.com (http://www.sabien-tech.com)

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