REG - Sosandar PLC - Exercise of Warrants and Total Voting Rights

SosandarAnnouncement

20/12/2021 09:00

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RNS Number : 1828W  Sosandar PLC  20 December 2021

20 December 2021

Sosandar plc

 

("Sosandar" or the "Company")

Exercise of Warrants and Total Voting Rights

Sosandar, the online women's fashion brand, announces that it has received
notice of exercise from a warrant holder in respect of warrants over 300,000
ordinary shares of 0.1 pence each ("Ordinary Shares") at an exercise price of
15.1p per share granted at the time of the Company's IPO in 2017. Application
has been made for the 300,000 new Ordinary Shares to be admitted to trading on
AIM ("Admission") which is expected to take place on or around 22 December
2021.

Total Voting rights

Immediately following Admission, the Company's issued share capital is
expected to comprise 221,408,332 Ordinary Shares. Each Ordinary Share has one
voting right. No Ordinary Shares are held in treasury. Accordingly,
immediately following Admission, the total number of voting rights will be
221,408,332.

From Admission, this figure 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
FCA's Disclosure Guidance and Transparency Rules.

 

Enquiries

 Sosandar plc                                             www.sosandar.com (http://www.sosandar.com)
 Steve Dilks, CFO                                         c/o Alma PR

 Singer Capital Markets (Nominated Adviser & Broker)      +44 (0) 20 7496 3000

 Peter Steel / Tom Salvesen  / Kailey Aliyar

 Alma PR Limited (Financial PR)                           +44 (0) 20 3405 0205
 Susie Hudson / Sam Modlin / Molly Gretton                sosandar@almapr.co.uk (mailto:sosandar@almapr.co.uk)

 

About Sosandar PLC

Sosandar is an online womenswear brand, specifically targeted at a generation
of women who have graduated from throwaway fashion and are looking for
quality, affordable clothing with a premium, trend-led aesthetic. This is a
section of the market that is currently being underserved.

Sosandar was launched in September 2016. The Sosandar business model is built
around using trend-led, exclusive designs produced in-house and then
manufactured using a variety of global suppliers. Sosandar caters for a
growing market of fashion-conscious women, while utilising an outsourced
logistics provider that can support its planned growth over the coming years.

Sosandar's founders are Ali Hall and Julie Lavington, who previously launched
and ran high street fashion magazine Look, as editor and publishing director
respectively. They have a combined experience of over 35 years in the fashion
industry.

More information is available at www.sosandar-ir.com
(http://www.sosandar-ir.com)

 

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