Ananda Developments Plc Additional Subscription and Result of Broker Option
March 17 2023 - 7:44AM
UK Regulatory
TIDMANA
17 March 2023
ANANDA DEVELOPMENTS PLC
("Ananda" or the "Company")
Additional Subscription and Result of Broker Option
Further to the announcement of 9 March 2023, Ananda announces that the Company
has raised an additional £101,200 (before expenses) through the issue of
33,733,330 ordinary shares of 0.2p each in the Company ("Ordinary Shares"; "New
Ordinary Shares") at a price of 0.3p per share.
The New Ordinary Shares comprise 20,233,330 New Ordinary Shares issued to
additional subscribers procured by the Company and 13,500,000 New Ordinary
Shares issued pursuant to valid applications received by Peterhouse Capital
Limited in the Broker Option, which closed on 16 March 2023.
The Company has therefore raised a total of £427,400 (before expenses) in the
last 7 days, comprising £386,900 raised by the Company in two tranches (£60,700
today and £326,200 raised and announced on 9 March 2023) and £40,500 via the
Broker Option. This completes the current capital raising.
Application for Admission
Application will be made for the New Ordinary Shares to be admitted to trading
on the Access segment of the AQSE Growth Market. It is expected that admission
will become effective on 23 March 2023.
The New Ordinary Shares will, on admission, rank pari passu in all respects
with the Ordinary Shares in issue and will rank in full for all dividends and
other distributions hereafter declared, paid or made on the ordinary share
capital of the Company.
Total Voting Rights
Following the issue of the New Ordinary Shares, the Company will have
2,060,285,229 Ordinary Shares in issue, each share carrying the right to one
vote.
This figure of 2,060,285,229 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 in
their interest in, the share capital of the Company under the FCA's Disclosure
and Transparency Rules.
-Ends-
The Directors of the Company accept responsibility for the contents of this
announcement.
ANANDA DEVELOPMENTS PLC +44 (0)7463 686 497
ir@anandadevelopments.com
Chief Executive Officer
Melissa Sturgess
Investor Relations
Jeremy Sturgess-Smith
PETERHOUSE CAPITAL LIMTED +44 (0)20 7469 0930
Corporate Finance
Mark Anwyl
Corporate Broking
Lucy Williams
Duncan Vasey
About Ananda Developments plc
Ananda is an AQSE-listed medical cannabis company creating UK-based operations
to grow and provide carbon zero, consistent, medical cannabis for the UK and
international markets.
For more information, please visit: https://anandadevelopments.com
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to
constitute inside information. Upon the publication of this announcement via a
Regulatory Information Service, this inside information is now considered to be
in the public domain.
END
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