REG - Silver Bullet Data - Result of GM and Completion of Fundraise

Silver Bullet Data ServicesAnnouncement

20/06/2022 15:46

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RNS Number : 5233P  Silver Bullet Data Services Grp PLC  20 June 2022

20 June 2022

 

Silver Bullet Data Services Group plc

("Silverbullet" or the "Company", or, together with its subsidiaries, the
"Group")

Result of General Meeting and Completion of Fundraise

 

 

Silverbullet (AIM: SBDS), a provider of digital transformation services and
products, is pleased to announce that all resolutions put to shareholders at
the General Meeting of the Company held earlier today, relating to the
Fundraise announced on 1 June 2022, were duly passed.

 

The Company can also confirm that an additional £100,000 of subscriptions
were received via the Broker Option announced on 1 June 2022, taking the total
gross proceeds of the Placing, Subscription and Broker Option, when coupled
with the Convertible Loan Notes of £2,106,000, to £4.6 million.

 

Accordingly, the Company will proceed to issue a total of 2,494,000 new
Ordinary Shares in respect of the Placing, Subscription and Broker Option.
Application has been made for the Placing Shares, Subscription Shares and
Broker Option Shares, which will rank pari passu with the Company's existing
Ordinary Shares, to be admitted to trading on AIM ("Admission"), and Admission
is expected to occur on or around 21 June 2022.

 

Total Voting Rights

The total number of Ordinary Shares in issue following Admission will be
15,916,687. As the Company does not hold any shares in Treasury, this figure
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 following Admission under the FCA's Disclosure and Transparency Rules.

 

 

Ian James, Chief Executive Officer of Silverbullet, commented:

"We are delighted to announce this fundraise completion and look forward to
the anticipated growth of our post cookie product 4D as brands accelerate
their shift to privacy first advertising solutions and services."

Unless otherwise defined herein, capitalised terms used in this announcement
shall have the same meanings as defined in the Company's announcement released
at 7:05 a.m. on 1 June 2022 entitled " Fundraise of £4,500,000 and Notice of
GM".

 

For further information please contact:

 

 Silverbullet                                               via IFC
 Ian James (CEO)

 Strand Hanson Limited - Financial and Nominated Adviser    0207 409 3494
 James Spinney / James Bellman / Robert Collins

 Oberon Capital - Broker                                    0203 179 5344
 Mike Seabrook / Chris Crawford

 IFC Advisory                                               020 3934 6630
 Graham Herring / Tim Metcalfe / Florence Chandler          07793 839 024

 

About Silverbullet

Silverbullet's proprietary 4D advertising solution is designed to help
advertisers target consumers in a "post cookie world". The product is a
natural extension to its existing services business which already serves a
blue-chip client base such as Heineken, Channel 4, Amazon and ITV amongst many
others. The removal of third-party cookies has already been implemented by web
browsers such as Firefox and Safari, with Google expected to phase out the use
of cookies in 2023.

 

Headquartered in London, the Group employs 74 employees across five regions
across the globe, including, the UK, Italy, Germany, Australia and the US. The
Group continues to look at other opportunities for expansion worldwide.

 

The Company has an established and growing services business with significant
accumulated industry experience and a proven track record of delivering
strategic projects and activation services to its clients. The majority of the
Board have held senior positions at global software companies and have
significant industry experience across data engineering, SAAS product
development and marketing.

 

The Group has close technical and commercial partnerships with Salesforce,
Oracle and Adobe, all of which have existing sales channels and are already
delivering to clients.

 

The Group has established a strategic partnership and an entity with Local
Planet, a scaled network of over 60 agencies across the globe.  Local Planet
Data Services Limited was established in December 2020 and presents a
significant opportunity to provide data services and the 4D product to the
Local Planet agency network.

 

 

PDMR Notification Form

 

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         1.    Ian James

                                                                  2.    Nigel Sharrocks

                                                                  3.    Keith Sadler

                                                                  4.    Steve Clarke

                                                                  5.    Darren Poynton

                                                                  6.    Umberto Torrielli

                                                                  7.    Martyn Rattle

                                                                  8.    Kristen Kelly
 2   Reason for the notification
 a)  Position/status                                              1.    Chief Executive Officer

                                                                  2.    Non-executive Chairman

                                                                  3.    Independent Non-executive Director

                                                                  4.    Independent Non-executive Director

                                                                  5.    Chief Financial Officer

                                                                  6.    Chief Security Officer

                                                                  7.    Non-executive Director

                                                                  8.    Chief Operating Officer
 b)  Initial notification /Amendment                              Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Silver Bullet Data Services Group plc
 b)  LEI                                                          213800QWL83R5P2LZ811
 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 of 1p each in the share capital of Silver Bullet Data Services
                                                                  Group plc

     Identification code                                          GB00BNXM0Z89

 b)  Nature of the transaction                                    Purchase of shares
 c)  Price(s) and volume(s)
                                                                                        Price(s)              Volume(s)
                                                                                        1.    100p            1.    25,000

                                                                                        2.    100p            2.    15,000

                                                                                        3.    100p            3.    10,000

                                                                                        4.    100p            4.    10,000

                                                                                        5.    100p            5.    10,000

                                                                                        6.    100p            6.    10,000

                                                                                        7.    100p            7.    10,000

                                                                                        8.    100p            8.    10,000

 d)  Aggregated information

     - Aggregated volume                                          Aggregate volume: 100,000

     - Price                                                      Aggregate price: 100p

 e)  Date of the transaction                                      20 June 2022
 f)  Place of the transaction                                     London Stock Exchange (AIM)

 

 

 

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