REG - Tekcapital plc - Issue of Shares to Advisers

TekcapitalAnnouncement

04/12/2024 07:00

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RNS Number : 6797O  Tekcapital plc  04 December 2024

 

      4(th) December 2024

Tekcapital Plc

("Tekcapital", the "Company" or the "Group")

Issue of Shares to Advisers

 

Tekcapital Plc (AIM: TEK) the UK intellectual property investment group
focused on creating valuable products that can improve people's lives
announces that it has issued 252,632 new ordinary shares of 0.4 pence each in
the Company in ("Ordinary Shares") at the closing mid-market price on 3
December 2024 of 9.5 pence to an adviser in lieu of payment for consulting
services.

 

Admission and Total Voting Rights

 

Application will be made for the Ordinary Shares to be admitted to trading on
AIM ("Admission"). It is expected that Admission will become effective on or
around 10 December 2024.

 

Following the issue of the 252,632 Ordinary Shares, the total number of
Ordinary Shares in issue with voting rights in the Company will be
211,774,128. There are no shares held in treasury.

 

The above figure of 211,774,128 Ordinary Shares may therefore be used by
shareholders as the denominator for the calculation by which they may
determine if they are required to notify their interest in, or change to their
interest in, the Company under the FCA's Disclosure Guidance and Transparency
Rules.

 

About Tekcapital plc

 

Tekcapital creates value from investing in new, university-developed
discoveries that can enhance people's lives. 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
 Clifford M. Gross, Ph.D.

 SP Angel Corporate Finance LLP                                                                          +44 (0) 20 3470 0470

 (Nominated Adviser and Broker)
 Richard Morrison/Charlie Bouverat (Corporate Finance)/Abigail Wayne / Rob Rees
 (Corporate Broking)

 Flagstaff Strategic and Investor Communications                                                         +44 (0) 20 7129 1474
 Tim Thompson/Andrea Seymour/Fergus Mellon

 

Forward-Looking Statements

This press release contains certain forward-looking statements, including
those relating to the anticipated introduction of new products and features,
and timing of improvements and enhancements to our current products.
Forward-looking statements are based on the Company's current expectations and
assumptions. The Private Securities Litigation Reform Act of 1995 provides a
safe-harbor for forward-looking statements. These statements may be identified
by the use of forward-looking expressions, including, but not limited to,
"anticipate," "believe," "continue," "estimate," "expect," "future," "intend,"
"may," "outlook," "plan," "potential," "predict," "project," "should," "will,"
"would" and similar expressions that predict or indicate future events or
trends or that are not statements of historical matters, but the absence of
these words does not mean that a statement is not forward-looking. These
forward-looking statements include, but are not limited to, statements
regarding the expected launch date for the new smart safety eyewear
connection. The Company undertakes no obligation to publicly update any
forward-looking statement, whether as a result of new information, future
events or otherwise. Important factors that could cause actual results to
differ materially from those in the forward-looking statements are set forth
in the Company's filings with the Securities and Exchange Commission,
including its annual report on Form 10-K under the caption "Risk Factors."

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