REG - SEEEN PLC - Subscription

SEEENAnnouncement

17/07/2024 07:00

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RNS Number : 6647W  SEEEN PLC  17 July 2024

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.

 

17 July 2024

 

SEEEN plc

("SEEEN" or the "Company")

Subscription for new Ordinary Shares to raise £45,000

 

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 further to the Fundraise announced on 31 May
2024, it has raised a further £45,000 on the same terms as those of the
Fundraise from certain existing investors who were unable to participate in
the Fundraise.

 

Utilising the Directors' existing authorities given by Shareholders to issue
new ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") for
cash on a non-pre-emptive basis, the Company has raised gross proceeds of
£45,000 through a subscription, and the allotment and issue by the Company
(subject to Admission, as defined below) of 1,500,000 new Ordinary Shares (the
"Subscription Shares") at an issue price of 3 pence per Subscription Share
(the "Subscription"). Each investor will also receive one Warrant for every
one Subscription Share subscribed for pursuant to the Subscription, with each
Warrant entitling the holder to acquire one new Ordinary Share at a price of
4.5 pence at any time prior to 19 June 2026. The net proceeds of the
Subscription will be used for working capital purposes.

 

Application for Admission

 

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 19 July
2024. 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 120,279,141 Ordinary Shares. The Company does not hold any Ordinary
Shares in treasury. Consequently, following Admission, 120,279,141 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.

 

Significant shareholding

 

The Company is aware of the following significant shareholder in the Company
(as defined in the AIM Rules for Companies), whose percentage interest in the
enlarged share capital will be revised following Admission and the issue of
the Subscription Shares:

 

 Name                        Number of Ordinary Shares held      Percentage of enlarged share capital following Admission
 Water Intelligence plc      5,938,366                           4.94%

 

 

Unless otherwise stated, capitalised terms not otherwise defined in the text
of this announcement have the same meanings ascribed to them as in the
"Placing and Subscription and other matters" announcement published by the
Company on 31 May 2024.

 

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 / Jon Levinson

 Allenby Capital Limited - Nominated Adviser and Joint Broker          Tel: +44 (0)20 3328 5656
 Alex Brearley / George Payne / Lauren Wright (Corporate Finance)
 Tony Quirke / Amrit Nahal (Sales and Corporate Broking)

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

 

 

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