Tekcapital plc MicroSalt Primary Bid Offer Files Schedule One
October 03 2023 - 3:00AM
RNS Non-Regulatory
TIDMTEK
Tekcapital plc
03 October 2023
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3 October2023
Tekcapital Plc
("Tekcapital")
MicroSalt(R) Launches PrimaryBid Offer & Files Schedule One
form with London Stock Exchange
Tekcapital Plc (AIM: TEK) the UK intellectual property
investment group focused on creating valuable products that can
improve people's lives, is pleased to announce that its portfolio
company Microsalt Ltd ("Microsalt") has launched a PrimaryBid offer
to acquire up to GBP2.5m of new MicroSalt shares concomitant with
and conditional upon its proposed IPO on the AIM Market. MicroSalt
has also filed a Schedule One form with The London Stock Exchange
plc with regard to its proposed IPO.
About MicroSalt
MicroSalt is dedicated to providing food technology solutions
that enable people to live longer, healthier, and happier lives.
Its patented low-sodium salt delivers natural salt with
approximately 50% less sodium and may be used by both consumers and
food manufacturers who wish to decrease the amount of sodium in
their food. MicroSalt is 100% natural, non-GMO, gluten free, Kosher
and contains no potassium chloride. To learn more about MicroSalt
and MicroSalt(R) products, please visit www.microsalt.co .
Tekcapital owns 87.3% of the share capital of MicroSalt Ltd. and
7,279,559 shares (91.7%) of MicroSalt Inc., its U.S.
subsidiary.
About Tekcapital plc
Tekcapital creates value from investing in new,
university-developed discoveries that can enhance people's lives
and provides a range of technology transfer services to help
organisations evaluate and commercialise new technologies.
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.
LEI: 213800GOJTOV19FIFZ85
For further information, please contact:
Tekcapital Plc Via Flagstaff IR
Clifford M. Gross, Ph.D.
SP Angel Corporate Finance LLP (Nominated
Adviser and Broker) +44 (0) 20 3470 0470
Richard Morrison / Charlie Bouverat (Corporate
Finance)
Rob Rees (Corporate Broking)
Flagstaff Strategic and Investor Communications
Tim Thompson/Andrea Seymour/Fergus Mellon
microsalt@flagstaffcomms.com +44 (0)207 129 1474
This press release is for informational purposes only. The
information herein does not constitute investment advice nor an
offer to invest and may contain statements related to our future
business and financial performance and future events or
developments involving MicroSalt and/or Tekcapital that may
constitute forward-looking statements. These statements may be
identified by words such as "expect," "look forward to,"
"anticipate" "intend," "plan," "believe," "seek," "estimate,"
"will," "project" or words of similar meaning. We may also make
forward-looking statements in other reports, in presentations, in
material delivered to customers, stakeholders and in press
releases. In addition, our representatives may from time to time
make oral forward-looking statements. Such statements may be based
on the current expectations and certain assumptions of MicroSalt
and/or Tekcapital's management. Please note that these are subject
to a number of risks, uncertainties and factors, including, but not
limited to those described in various disclosures. Should one or
more of these risks or uncertainties materialize, or should
underlying expectations not occur or assumptions prove incorrect,
actual results, performance or achievements of MicroSalt or
Tekcapital may vary materially from those described explicitly or
implicitly in the relevant forward-looking statement. Neither
MicroSalt nor Tekcapital intends, nor assumes any obligation, to
update or revise these forward-looking statements in light of
developments which differ from those anticipated.
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END
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