REG - Kondor AI PLC - Admission to Trading on the AQSE Growth Market

TP IcapAnnouncement

21/12/2023 08:15

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RNS Number : 5293X  Kondor AI PLC  21 December 2023

21 December 2023

Kondor AI PLC
("Kondor" or the "Company")

Admission on AQSE and First Day of Dealings

Kondor (AQSE: KNDR), a technology company developing advanced artificial
intelligence ("AI") products, is pleased to announce that admission of its
entire share capital consisting of ordinary shares of £0.001 each ("Ordinary
Shares") to trading on the Access segment of the Aquis Stock Exchange ("AQSE")
will take place and dealings will commence at 8.00 a.m. today ("Admission"),
under the ticker KNDR and ISIN number GB00BRXKJ754.

 

The commencement of trading of the Company's Ordinary Shares follows a
successful subscription and placing by Clear Capital Markets for a total of
50,000,000 Ordinary Shares at 3p per Ordinary Share, raising gross proceeds of
£1,500,000 (before expenses).

 

On Admission, the Company will have 180,050,000 Ordinary Shares in issue and
the market capitalisation of the Company will be approximately £5,401,500.

 

Jonathan Bixby, Co-Founder and Executive Chairman at Cykel AI, said:

"Kondor's debut on the AQUIS market is a major step in the Company's
development and provides a strong foundation to execute our long-term growth
strategy. We are delighted with the strong support from a wide range of
investors to build a global AI vision Company under the Kondor brand".

 

About Kondor

 

Kondor intends to operate a software business engaged in the development of
advanced artificial intelligence ("AI") products with a particular focus on
vision-based AI, intending to offer these to business customers through a
"software as a service" (SaaS) model.

The company's main product will be the Kondor AI app, which will analyse
pictures and live photos, providing solutions to questions and challenges
based on visual input.

The Company's admission document is available to view on its website:
https://www.kondor.ai/ (https://www.kondor.ai/)

 

The directors of Kondor accept responsibility for this announcement.

For further information please contact:

 Kondor AI PLC
 Jonathan Bixby, Executive Chairman  Via First Sentinel
 First Sentinel Corporate Finance Limited

 Corporate Adviser and Joint Broker
 Brian Stockbridge                   +44 (0) 7858 888007

 Gabrielle Cordeiro

 Clear Capital Markets Limited

 Corporate Broker
 Bob Roberts                         +44 (0) 20 3869 6080

 

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