Kanabo Group PLC Admission of Placing Shares (9360Z)
May 26 2021 - 10:36AM
UK Regulatory
TIDMKNB
RNS Number : 9360Z
Kanabo Group PLC
26 May 2021
26 May 2021
Kanabo Group Plc
("Kanabo" or the "Company")
Admission of Placing Shares
Further to the announcement made by the Company on 24 May 2021
in relation to the placing of GBP1 million, Kanabo Group Plc
(LSE:KNB) announces that it has applied for the admission of the
4,545,454 new ordinary shares of 2.5 pence each in the share
capital of the Company (the "Placing Shares"). The Placing Shares
are being issued at a price of 22p, a 10% premium to the closing
mid-price of the Company's ordinary shares on 23 May 2021.
Total Voting Rights
Application will be made for the Placing Shares to be admitted
to the Standard List segment of the Official List and to trading on
the main market of the London Stock Exchange plc ("Admission"). It
is expected that Admission will become effective and that dealings
in the Placing Shares will commence at 8.00am on or around 27 May
2021.
Following Admission, the total issued share capital of the
Company will consist of 368,407,691 Ordinary shares of 2.5 pence
each carrying the right to one vote. There are no shares currently
held in treasury. The total number of voting rights in the Company
will therefore be 368,407,691 and this figure may be used by
shareholders as the denominator for the calculations by which they
determine if they are required to notify their interest in, or a
change to their interest in, the Company under the Financial
Conduct Authority's Disclosure Rules and Transparency Rules.
For further information, please visit
http://www.kanabogroup.com/ or contact the following:
Kanabo Group Plc
Tel: +(972)52-3173-633
press@kanabogroup.com
Meirav Horn
Peterhouse Capital Limited (Financial Adviser)
Tel: +44 (0)20 7469 0930
Eran Zucker / Guy Miller / Allie Feuerlein
Peterhouse Capital Limited (Corporate Broker)
Lucy Williams / Charles Goodfellow
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END
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