RCS - Tekcapital plc - MicroSalt Primary Bid Offer Files Schedule One

TekcapitalAnnouncement

03/10/2023 08:00

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RNS Number : 4479O  Tekcapital plc  03 October 2023

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3 October2023

Tekcapital Plc

("Tekcapital")

 

MicroSalt® Launches PrimaryBid Offer & Files Schedule One form with
London Stock Exchange

 

Tekcapital Plc (AIM: TEK) the UK intellectual property investment group
focused on creating valuable products that can improve people's lives, is
pleased to announce that its portfolio company Microsalt Ltd ("Microsalt")
has launched a PrimaryBid offer to acquire up to £2.5m of new MicroSalt
shares concomitant with and conditional upon its proposed IPO on the AIM
Market. MicroSalt has also filed a Schedule One form with The London Stock
Exchange plc with regard to its proposed IPO.

About MicroSalt

MicroSalt is dedicated to providing food technology solutions that enable
people to live longer, healthier, and happier lives. Its patented low-sodium
salt delivers natural salt with approximately 50% less sodium and may be used
by both consumers and food manufacturers who wish to decrease the amount of
sodium in their food. MicroSalt is 100% natural, non-GMO, gluten free, Kosher
and contains no potassium chloride. To learn more about MicroSalt and
MicroSalt® products, please visit www.microsalt.co (http://www.microsalt.co)
.

Tekcapital owns 87.3% of the share capital of MicroSalt Ltd. and 7,279,559
shares (91.7%) of MicroSalt Inc., its U.S. subsidiary.

About Tekcapital plc

Tekcapital creates value from investing in new, university-developed
discoveries that can enhance people's lives and provides a range of technology
transfer services to help organisations evaluate and commercialise new
technologies. Tekcapital is quoted on the AIM market of the London Stock
Exchange (AIM: symbol TEK) and is headquartered in the UK. For more
information, please visit www.tekcapital.com (http://www.tekcapital.com) .

 

LEI: 213800GOJTOV19FIFZ85

For further information, please contact:

 Tekcapital Plc                                                          Via Flagstaff IR
 Clifford M. Gross, Ph.D.

 SP Angel Corporate Finance LLP (Nominated Adviser and Broker)          +44 (0) 20 3470 0470
 Richard Morrison / Charlie Bouverat (Corporate Finance)

 Rob Rees (Corporate Broking)

 Flagstaff Strategic and Investor Communications                        +44 (0)207 129 1474

 Tim Thompson/Andrea Seymour/Fergus Mellon

 microsalt@flagstaffcomms.com (mailto:microsalt@flagstaffcomms.com)

This press release is for informational purposes only. The information herein
does not constitute investment advice nor an offer to invest and may contain
statements related to our future business and financial performance and future
events or developments involving MicroSalt and/or Tekcapital that may
constitute forward-looking statements. These statements may be identified by
words such as "expect," "look forward to," "anticipate" "intend," "plan,"
"believe," "seek," "estimate," "will," "project" or words of similar meaning.
We may also make forward-looking statements in other reports, in
presentations, in material delivered to customers, stakeholders and in press
releases. In addition, our representatives may from time to time make oral
forward-looking statements. Such statements may be based on the current
expectations and certain assumptions of MicroSalt and/or Tekcapital's
management. Please note that these are subject to a number of risks,
uncertainties and factors, including, but not limited to those described in
various disclosures. Should one or more of these risks or uncertainties
materialize, or should underlying expectations not occur or assumptions prove
incorrect, actual results, performance or achievements of MicroSalt or
Tekcapital may vary materially from those described explicitly or implicitly
in the relevant forward-looking statement. Neither MicroSalt nor Tekcapital
intends, nor assumes any obligation, to update or revise these forward-looking
statements in light of developments which differ from those anticipated.

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