Sabien Technology Group PLC Warrant Exercise (6622T)
November 26 2021 - 2:00AM
UK Regulatory
TIDMSNT
RNS Number : 6622T
Sabien Technology Group PLC
26 November 2021
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310.
26 November 2021
Sabien Technology Group plc
("Sabien" or the "Company")
Warrant Exercise Notice and Total Voting Rights
Sabien Technology Group plc, a company focussed on building a
portfolio of operations which, in combination, provide critical
elements of the transition to a Green Economy, announces that it
has received an exercise notice from investors in relation to
50,000 warrants.
The Company announced the issue of the warrants on 20 January
2021, which are exercisable at an exercise price of 30 pence per
share following the 29 March 2021 300:1 share consolidation.
Accordingly, pursuant to the warrant exercise notice, Sabien will
issue 50,000 new ordinary shares of 3 pence each in the capital of
the Company ("Ordinary Shares") (the "New Shares"). Application
will be made for the New Shares to be admitted to trading on AIM
and admission is expected to become effective on 2 December 2021
("Admission").
Following Admission, the Company will have 14,720,168 Ordinary
Shares in issue, each share carrying the right to one vote. The
Company does not hold any Ordinary Shares in Treasury. Following
Admission, the figure of 14,720,168 Ordinary Shares may be used by
shareholders in the Company as the denominator for the calculations
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 Financial Conduct Authority's Disclosure
Guidance and Transparency Rules.
Further Information:
Sabien Technology Group plc
Richard Parris, Executive Chairman +44 20 7993 3700
Allenby Capital Limited (Nominated Adviser)
John Depasquale / Nick Harriss / Vivek Bhardwaj +44 20 3328 5656
Peterhouse Capital Limited (Broker)
Duncan Vasey / Lucy Williams +44 20 7469 0930
The person who arranged for the release of this announcement on
behalf of the Company was Richard Parris, Executive Chairman.
A copy of this announcement will be available from the Company's
website at www.sabien-tech.com
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END
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