REG - TAO Alpha PLC - Exercise of Warrants

TAO AlphaAnnouncement

09/07/2025 13:00

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RNS Number : 3998Q  TAO Alpha PLC  09 July 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. The Directors of the
Company are responsible for this announcement

09 July 2025

 

TAO Alpha PLC

("TAO", "TAO Alpha" or "the Company")

(To be renamed Satsuma Technology PLC)

Exercise of Warrants

The Company announces that it has received notice of exercise of warrants from
a warrant holder exercising 1,400,000 warrants over ordinary shares
of £0.001 each in the Company ("Ordinary Shares") at an exercise price
of 3p per Ordinary Share.  As a result, the Company will issue a total of
1,400,000 new Ordinary Shares to the exerciser.

Application will be made for the 1,400,000 new Ordinary Shares, which will
rank pari passu with the existing Ordinary Shares in issue, to be admitted to
trading on the London Stock Exchange Main Market ("Admission"). Dealings are
expected to commence on or around 15 July 2025.

 

Following Admission, the Company's total issued and voting share capital will
consist of 472,299,200 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.

 

For further information please contact:

 TAO Alpha PLC
 Matthew Lodge                                via First Sentinel
 Financial Adviser
 Brian Stockbridge                            +44 20 3855 5551

 (First Sentinel Corporate Finance Limited)
 Corporate Broker
 Guy Wheatley                                 Guy Wheatley

 (Fortified Securities)                       guy.wheatley@fortifiedsecurities.com

 

 

 

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