IamFire Plc £4,750,000 Fundraising and Warrant Grants
December 14 2021 - 1:00AM
UK Regulatory
TIDMFIRE
IamFire plc
AQSE: FIRE
("IamFire plc" or the "Company")
Fundraising of £4,750,000
Issuance of Warrants to Directors and Advisors
Total Voting Rights
Particulars of the RIS
1. The Equity Financing
2. Director Warrants
3. Admission and Total Voting Rights
4. Change of Registered Office
1. Equity Financing
IamFire plc is pleased to announce that it has raised £4,750,000 before
expenses through a placing (the "Placing") of 158,333,333 new ordinary shares
of 0.25 p each at 3 pence per share (the "Placing Shares"), conditional upon
admission of the Placing Shares to trading on AQSE Growth Market.
Alongside each Placing Share subscribed, subscribers will receive warrants to
subscribe for one additional new ordinary share, exercisable at 10 pence per
share, with a life to expiry ending 6 months after the date of admission of the
Placing Shares to AQSE Growth Market of the Placing Shares.
IamFire plc has also granted 10,000,000 warrants with a strike price of 3p per
ordinary share and a life to expiry of 5 years from admission of the Placing
Shares as part of the consideration, in relation to the Placing, to certain
advisors.
2. Directors' Warrants
The Board has granted its Directors with a total of 10,000,000 warrants to
subscribe for one ordinary share each in the Company. The warrants will be
exercisable at a price of 3 pence per share and shall have a life expiry of 5
years from admission to AQSE Growth Market of the Placing Shares. The warrants
have been issued to the following Directors:
Sandy Barblett (Non-Executive Chairman) - 4,000,000
John Taylor (Executive Director) - 4,000,000
Fiona Wilmot (Non-Executive Director) - 2,000,000
The granting of all of the above warrants is conditional on admission to
trading of the Placing Shares.
3. Admission of Shares and Enlarged Voting Rights
Application will be made for the Placing Shares be admitted to trading on AQSE
Growth Market and this is expected to occur on or around Friday 17th December
2021. No application shall be made to admit the warrants being issued to
trading on AQSE Growth Market or to any other forum of quotation.
Following the admission of the 158,333,333 Placing Shares, IamFire plc's issued
ordinary share capital shall consist of 205,347,350 ordinary shares of 0.25
pence each. This number represents the total voting rights in the Company, and
following admission, may be used by shareholders as the denominator for the
calculation by which they can 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 ("FCA") Disclosure and Transparency Rules. The Placing
Shares shall rank pari passu in all respects with the existing ordinary shares
of the Company.
4. Change of Registered Office
With effect from 6 December, the Company has changed its registered office to
Hyde Park House, 5 Manfred Road, London SW15 2RS.
London, 14 December 2021
The Directors of the Company, who have issued this RIS announcement after due
and careful enquiry, accept responsibility for its content.
REGULATORY ANNOUNCEMENT ENDS
Enquiries:
Company:
John Taylor (Executive Director)
info@iamfireplc.com
Sandy Barblett (Non-Executive Chairman)
Peterhouse Capital Limited
Corporate Advisor :
Guy Miller: + 44 (0) 20 7469 0930 (Direct)
Corporate Broker:
Lucy Williams: +44 (0) 20 7469 0930
Duncan Vasey: +44 (0) 20 7220 9797 (Direct)
END
(END) Dow Jones Newswires
December 14, 2021 02:00 ET (07:00 GMT)
WeCap (AQSE:WCAP)
Historical Stock Chart
From Dec 2024 to Jan 2025
WeCap (AQSE:WCAP)
Historical Stock Chart
From Jan 2024 to Jan 2025