REG - SEEEN PLC - Subscription for new ordinary shares

SEEENAnnouncement

29/01/2025 07:00

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RNS Number : 0296V  SEEEN PLC  29 January 2025

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO
CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATIONS
(EU) NO. 596/2014 WHICH HAS BEEN INCORPORATED INTO UK LAW BY THE EUROPEAN
UNION (WITHDRAWAL) ACT 2018.  UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA
REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO
BE IN THE PUBLIC DOMAIN.

 

29 January 2025

 

SEEEN plc

("SEEEN" or the "Company")

Subscription for new ordinary shares

and

Total voting rights

 

SEEEN plc (AIM: SEEN), the global media and technology platform that delivers
Key Video Moments to drive Video Commerce and transform its clients' video
profitability, announces that to satisfy investor demand, it has conditionally
raised gross proceeds of £78,500 at 4 pence per new ordinary share of 0.1
pence each in the Company ("Ordinary Shares") (the "Issue Price"),
representing a premium of 6.7 per cent. to the closing mid-market price of
3.75 pence per Ordinary Share on 28 January 2025, being the last trading day
prior to this announcement (together the "Subscription").

 

The net proceeds of the Subscription will be used to invest in the Company's
training solutions.

 

The Subscription will utilise the Directors' existing authorities, given by
shareholders at the annual general meeting on 30 July 2024, to issue Ordinary
Shares for cash on a non-pre-emptive basis. The Subscription consists of the
allotment and issue by the Company (conditional on and subject to Admission,
as defined below) of 1,962,500 new Ordinary Shares (the "Subscription Shares")
at the Issue Price. The Company expects the Subscription Shares to benefit
from tax relief pursuant to the Enterprise Investment Scheme ("EIS").

 

Admission

 

An application has been made for the Subscription Shares to be admitted to
trading on AIM ("Admission") and it is expected that Admission will become
effective and that dealings will commence at 8.00 a.m. on or around 31 January
2025. Once issued, the Subscription Shares will rank pari passu with the
Company's existing Ordinary Shares.

 

Total voting rights

 

Following Admission, the enlarged issued share capital of the Company will
comprise 122,241,641 Ordinary Shares. The Company does not hold any Ordinary
Shares in treasury. Consequently, following Admission, 122,241,641 is the
figure which may be used by shareholders 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 Company under the Financial
Conduct Authority's Disclosure Guidance and Transparency Rules.

 

 

For further information please contact:

 SEEEN plc                                                             Tel: +44 (0)7775 701 838
 Adrian Hargrave, Chief Executive Officer

 Dowgate Capital Limited - Joint Broker                                Tel: +44 (0)20 3903 7715
 Stephen Norcross

 Capital Plus Partners Limited - Joint Broker                          Tel: +44 (0)20 3821 6167
 Jonathan Critchley

 Allenby Capital Limited - Nominated Adviser                           Tel: +44 (0)20 3328 5656
 Alex Brearley / George Payne / Lauren Wright (Corporate Finance)

 focusIR - Investor Relations                                          Tel: +44 (0)20 4570 2234
 Paul Cornelius / Kat Perez                                            email: seeen@focusir.com

 

 

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