REG - Satsuma Tech PLC - Exercise of Warrants
07/08/2025 07:00
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RNS Number : 3166U Satsuma Technology PLC 07 August 2025
This announcement contains information which, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication
of this announcement via a Regulatory Information Service, this inside
information is now considered to be in the public domain.
7 August 2025
Satsuma Technology Plc
('Satsuma' or the 'Company')
Exercise of Warrants
Satsuma Technology PLC (LSE: SATS), a public company pioneering the
convergence of decentralised AI and Bitcoin treasury strategy.
Satsuma notes that the following warrants have been exercised:
* Fidelio Partners Pte Ltd, a company controlled by Matt Lodge, Chairman, has
exercised 2,500,000 warrants at a price of 1.0p per warrant and 4,000,000
warrants at a price of 2.0p per warrant.
* Letter 4 Consulting Ltd, a company controlled by Darcy Taylor, Director, has
exercised 2,500,000 warrants at a price of 1.0p per warrant and 3,000,000
warrants at a price of 2.0p per warrant.
* Dark Peak Services Ltd, a company controlled by Nick Lyth, has exercised
5,000,000 warrants at a price of 0.2p per warrant and 4,000,000 warrants at a
price of 2.0p per warrant.
* Marallo Pte Ltd, a company controlled by Matt Lodge, Chairman has exercised
10,000,000 warrants at 0.2p per warrant.
* A warrant holder has exercised 5,000,000 warrants at a price of 0.2p per
warrant.
Following the abovementioned exercise of warrants 36,000,000 new ordinary
shares have been issued and an application will be made for the new ordinary
shares to be admitted to trading ("Admission"). Dealings are expected to
commence on or around 12 August 2025.
The equity interests of the directors (including Nick Lyth who has
subsequently ceased to be a director) are as follows:
Name Previous Shareholding Resultant Shareholding Remaining Warrants / Options
Fidelio Partners Pte Ltd (Matt Lodge) 0 6,500,000 4,600,000
Letter 4 Consulting Ltd (Darcy Taylor) 0 5,500,000 None
Dark Peak Services Ltd (Nick Lyth, former director) 15,000,000 24,000,000 None
Marallo Pte Ltd (Matt Lodge) 0 10,000,000 None
Following the exercise of Warrants, the Company will have a total
of 66,552,333 warrants in issue. Following Admission, the Company's total
issued and voting share capital will consist of 527,800,200 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.
ENDS
Enquiries:
Satsuma Technology PLC Tel: +44 (0)20 3855 8888
Matt Lodge, Chairman
Henry Elder. CEO
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
Paul Shackleton
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 decentralised finance focused artificial intelligence and Bitcoin
treasury management. The Company is building and investing in AI-based
decentralized infrastructure and applications and operates a treasury-first
model, aligning itself with the most secure monetary network in history -
Bitcoin.
Website: www.satsuma.digital (http://www.satsuma.digital)
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
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 to Darcy Taylor, 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 Ordinary Shares
Identification Code GB00BMFCRZ80
b) Nature of the transaction Exercise of warrants
c) Price(s) and volume(s) Price(s) Volume(s)
2,500,000 £0.010
3,000,000 £0.020
d) Aggregated information:
· Aggregated volume 5,500,000 Ordinary Shares
· Price £85,000
e) Date of the transaction 20 July 2025
f) Place of the Transaction Outside of a trading venue
d)
Aggregated information:
· Aggregated volume
· Price
5,500,000 Ordinary Shares
£85,000
e)
Date of the transaction
20 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 Fidelio Partners Pte Ltd
2. Reason for the Notification
a) Position/status PCA to Matt Lodge, 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 Ordinary Shares
Identification Code GB00BMFCRZ80
b) Nature of the transaction Exercise of warrants
c) Price(s) and volume(s) Price(s) Volume(s)
2,500,000 £0.010
4,000,000 £0.020
d) Aggregated information:
· Aggregated volume 6,500,000Ordinary Shares
· Price £105,000
e) Date of the transaction 20 July 2025
f) Place of the Transaction Outside of a trading venue
d)
Aggregated information:
· Aggregated volume
· Price
6,500,000Ordinary Shares
£105,000
e)
Date of the transaction
20 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 Marallo Pte Ltd
2. Reason for the Notification
a) Position/status PCA to Matt Lodge, 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 Ordinary Shares
Identification Code GB00BMFCRZ80
b) Nature of the transaction Exercise of warrants
c) Price(s) and volume(s) Price(s) Volume(s)
10,000,000 £0.002
d) Aggregated information:
· Aggregated volume N/A - Single transaction
· Price
e) Date of the transaction 20 July 2025
f) Place of the Transaction Outside of a trading venue
d)
Aggregated information:
· Aggregated volume
· Price
N/A - Single transaction
e)
Date of the transaction
20 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 to Nick Lyth, a former 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 Ordinary shares
Identification Code GB00BMFCRZ80
b) Nature of the transaction Exercise of warrants
c) Price(s) and volume(s) Price(s) Volume(s)
£0.002 5,000,000
£0.020 4,000,000
d) Aggregated information:
· Aggregated volume 9,000,000 Ordinary Shares
· Price £90,000
e) Date of the transaction 20 July 2025
f) Place of the Transaction Outside of a trading venue
d)
Aggregated information:
· Aggregated volume
· Price
9,000,000 Ordinary Shares
£90,000
e)
Date of the transaction
20 July 2025
f)
Place of the Transaction
Outside of a trading venue
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