Kazera Global PLC Issue of Equity (1875S)
July 07 2020 - 2:00AM
UK Regulatory
TIDMKZG
RNS Number : 1875S
Kazera Global PLC
07 July 2020
Kazera Global plc
Issue of Equity
Kazera Global plc ("Kazera Global", "Kazera" or "the Company"),
the AIM quoted investment company, announces that the Company has
issued 800,000 ordinary shares in the Company ("Ordinary Shares")
in relation to the Fee Shares owed to Westleigh Investments
Holdings Limited ("WIHL") as announced on 4 June 2020.
All 800,000 Ordinary Shares to be issued to WIHL will be issued
at a price of 0.5p per Ordinary Share, in line with the Company's
Placing announced on 4 June 2020.
Following the issue of equity, WIHL, a company wholly owned and
controlled by Giles Clarke and Nick Harrison has an interest in
14,338,095 Ordinary Shares, representing 2.10 per cent. of the
Company's issued share capital.
Related Party Transaction
As announced on 4 June 2020, the Fee Shares to be issued to WIHL
relate to fees accrued but not taken for the period from 1 June
2020 to 30 June 2020 amounting to 800,000 Ordinary Shares.
R elated Current number Fee Shares Resultant number % of Enlarged
Party of Ordinary to be issued of Ordinary Shares Issued Share
Shares held held Capital held
WIHL 13,538,095 800,000 14,338,095 2.10
--------------- -------------- -------------------- --------------
The issuance of these Ordinary Shares to WIHL constitute a
related party transaction pursuant to Rule 13 of the AIM Rules for
Companies. Larry Johnson and Dennis Edmonds, independent directors
for these purposes, consider, having consulted with the Company's
nominated adviser, that the issuance of these New Ordinary Shares
is fair and reasonable insofar as the Company's shareholders are
concerned.
Admission
Application has been made to the London Stock Exchange to admit
800,000 new Ordinary Shares to trading on AIM, Admission of the New
Ordinary Shares is expected to occur on or around 10 July 2020
("Admission"). The New Ordinary Shares will rank pari passu with
the existing Ordinary Shares.
Following Admission, the issued share capital of the Company
will be 681,250,986 Ordinary Shares and this figure may be used by
shareholders as a denominator for the calculations by which the
will determine if they are required to notify their interest in, or
change to their interest in the Company under the Disclosure
Guidance and Transparency Rules published by the UK Financial
Conduct Authority. There are no Ordinary Shares held in treasury
and each Ordinary Share entitled the holder to a single vote at
general meetings of the Company. Therefore, the total number of
voting rights in the Company will be 681,250,986.
For further information on the Company, visit: www. kazeraglobal
.com
**ENDS**
Kazera Global plc (c/o Camarco) Tel: +44 (0)203 757 4980
Larry Johnson (CEO)
finnCap (Nominated Adviser and Joint Tel: +44 (0)207 220 0500
Broker)
Christopher Raggett / Charlie Beeson
(corporate finance)
Camarco (PR)
Gordon Poole / James Crothers / Hugo
Liddy Tel: +44 (0)20 3781 8331
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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