REG - Satsuma Tech PLC - Exercise of Warrants, PDMR and Grant of Warrants

Satsuma TechnologyAnnouncement

15/07/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250715:nRSO0170Ra&default-theme=true

RNS Number : 0170R  Satsuma Technology PLC  15 July 2025

15 July 2025

Satsuma Technology PLC

("SATS " or the "Company")

Exercise of Warrants, PDMR Dealings and Grant of Warrants

 

LONDON, ENGLAND - Satsuma Technology PLC (LSE: SATS; FSE: NM1) announces that
it has received notices of exercise of warrants from warrant holders in
respect of 19,501,000 warrants over ordinary shares of £0.001 each in the
Company ("Ordinary Shares"). Of these, 15,000,000 warrants have an exercise
price of 1p, and 4,501,000 warrants have an exercise price of 6p per Ordinary
Share. This includes the exercise of 5,000,000 warrants at an exercise price
of 1p per share by a service company of Nick Lyth, a Director of the Company.
As a result, the Company will issue a total of 19,501,000 new Ordinary Shares
to the warrant holders.

 

Admission and Total Voting Rights

 

Application will be made for the 19,501,000 new Ordinary Shares, which will
rank pari passu with the existing Ordinary Shares in issue, to be admitted to
trading on the London Stock Exchange Main Market ("Admission"). Dealings are
expected to commence on or around 18 July 2025.

 

Following Admission, the Company's total issued and voting share capital will
consist of 491,800,200 Ordinary Shares. The Company does not hold any ordinary
shares in treasury.

 

Therefore, the above figure may be used by shareholders in the Company as the
denominator for the calculation 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 FCA's Disclosure Guidance and
Transparency Rules.

 

From June 2025, multiple exercisers have exercised the following warrants,
resulting in total proceeds of £878,726.62.

 

 Announced date  Exercise warrants  Exercise price  Payment
 24-Jun-25       6,666,666          £0.025          £166,666.65
 25-Jun-25       9,999,999          £0.025          £249,999.97
 9-Jul-25        1,400,000          £0.03            £42,000.00
 15-Jul-25       4,501,000          £0.06           £270,060.00
 15-Jul-25       15,000,000         £0.01           £150,000.00

 

 Grant of Warrants

 

The Company also announces that it has granted a total of 11,000,000 Warrants
to three Directors (through companies owned by them) of the Company to
subscribe for new ordinary shares of £0.001 each ("Warrants") as outlined
below. The Warrants are exercisable at £0.02 per ordinary share and have an
exercise period limit of three years, vesting immediately.

 

 Director                                  Number of Warrants being issued  Total number of Warrants held including this issue
 Letter 4 Consulting Ltd                   3,000,000                        5,500,000

 (a company controlled by Darcy Taylor)

 Fidelio Partners Pte Ltd                  4,000,000                        6,500,000

 (a company controlled by Matthew Lodge)

 Dark Peak Services Ltd                    4,000,000                        9,000,000

 (a company controlled by Nick Lyth)

 

Following the issue of the Warrants and exercise of Warrants, the Company will
have a total of     102,552,333 warrants in issue.

 

For further information please contact:

 Satsuma Technology Plc                                        Tel: +44 (0)20 3855 8888

 Matt Lodge, Chairman
 Yellow Jersey PR

 Charles Goodwin / Annabelle Wills                             Tel: +44 (0)7747 788 221 / +44 (0)7775 194 357

 First Sentinel Corporate Finance Limited - Financial Adviser

 Brian Stockbridge                                             Tel: +44 (0) 20 3855 5551
 Fortified Securities - Broker

 Guy Wheatley                                                  Tel: +44 (0) 7493 989014

About Satsuma Technology PLC (SATS.L) Headquartered in London, the Company is
a publicly listed technology company focused on Bitcoin-native treasury
management and decentralised finance focused artificial intelligence. The
Company operates a treasury-first model, aligning itself with the most secure
monetary network in history-Bitcoin-while building and investing in AI-based
decentralised infrastructure and applications.

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Dark Peak Services Ltd
 2.  Reason for the Notification
 a)  Position/status                                              Person closely associated with Nick Lyth, a director of the company
 b)  Initial notification / Amendment                             Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Satsuma Technology PLC
 b)  LEI                                                          984500FV43C9G16DK633
 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  Exercise of warrants
     Identification Code                                          GB00BMFCRZ80
 b)  Nature of the transaction                                    Exercise of warrants at GBP 0.01 exercise price issued
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  GBP 0.01  5,000,000
 d)  Aggregated information:

     · Aggregated volume                                          5,000,000 Ordinary Shares

     · Price                                                      £50,000
 e)  Date of the transaction                                      15 July 2025
 f)  Place of the Transaction                                     Outside of a trading venue

d)

Aggregated information:

· Aggregated volume

· Price

 

5,000,000 Ordinary Shares

£50,000

e)

Date of the transaction

15 July 2025

f)

Place of the Transaction

Outside of a trading venue

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Letter 4 Consulting Ltd
 2.  Reason for the Notification
 a)  Position/status                                              PCA of Darcy Taylor, Non-executive Director of Satsuma Technology PLC
 b)  Initial notification / Amendment                             Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Satsuma Technology PLC
 b)  LEI                                                          984500FV43C9G16DK633
 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  Warrants over ordinary shares
     Identification Code                                          GB00BMFCRZ80
 b)  Nature of the transaction                                    Issue of Warrants at GBP 0.02 exercise price issued at Nil consideration
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  GBP 0.02  3,000,000
 d)  Aggregated information:

     · Aggregated volume                                          3,000,000 Ordinary Shares

     · Price                                                      £60,000
 e)  Date of the transaction                                      15 July 2025
 f)  Place of the Transaction                                     Outside of a trading venue

d)

Aggregated information:

· Aggregated volume

· Price

 

3,000,000 Ordinary Shares

£60,000

e)

Date of the transaction

15 July 2025

f)

Place of the Transaction

Outside of a trading venue

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Dark Peak Services Ltd
 2.  Reason for the Notification
 a)  Position/status                                              PCA of Nick Lyth, Director of Satsuma Technology PLC
 b)  Initial notification / Amendment                             Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Satsuma Technology PLC
 b)  LEI                                                          984500FV43C9G16DK633
 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  Warrants over ordinary shares
     Identification Code                                          GB00BMFCRZ80
 b)  Nature of the transaction                                    Issue of Warrants at GBP 0.02 exercise price issued at Nil consideration
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  GBP 0.02  4,000,000
 d)  Aggregated information:

     · Aggregated volume                                          4,000,000Ordinary Shares

     · Price                                                      £80,000
 e)  Date of the transaction                                      15 July 2025
 f)  Place of the Transaction                                     Outside of a trading venue

d)

Aggregated information:

· Aggregated volume

· Price

 

4,000,000Ordinary Shares

£80,000

e)

Date of the transaction

15 July 2025

f)

Place of the Transaction

Outside of a trading venue

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  IOEFFFILDAISLIE