AAA All Active Asset Capital Limited

TIDMAAA

RNS Number : 7711S

All Active Asset Capital Limited

18 March 2021

18 March 2021

All Active Asset Capital Limited

('AAA' or the 'Company')

Completion of initial exercise of AAQUA option

Further to AAA's announcement of 2 March 2021 regarding the exercise of the first tranche (the 'Initial Exercise') of the option agreement with AAQUA B.V. ('AAQUA') ('the Option') and the announcement made on 9 March 2021, the Company confirms that the 6,000 new ordinary AAQUA shares have been issued to AAA, and this initial exercise has completed.

Under the terms of the Option AAA can, subject to certain conditions, subscribe for up to 125,000 new AAQUA ordinary shares ('Option Shares') at EUR1,000 per share, of which EUR119 million remains to be exercised. Further details of the Option and of AAA's ability to exercise the Option Shares are contained in AAA's 18 December 2020 announcement.

The Option forms part of AAQUA's active C-Round equity financing, which is capped at EUR200 million, including the Option granted to AAA. Following the completion of the Initial Exercise, AAA holds c.1.1% of AAQUA's share capital. In the event that AAA exercises the Option in full and AAQUA closes its C-Round of funding in full, AAA would own 125,000 AAQUA shares, representing a holding of c.16.7%.

For further information:

All Active Asset Capital Limited

James Normand, Non-Executive Chairman

Rodger Sargent, Executive Director

www.aaacap.com

Allenby Capital Limited (Nominated Adviser and Broker)

Alex Brearley / Nick Athanas

T: +44 (0) 203 328 5656

www.allenbycapital.com

Buchanan (Financial PR)

Richard Oldworth / Chris Lane / Toto Berger

T: +44 (0) 207 466 5000

E: AAAC@buchanan.uk.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCBUGDXDDBDGBI

(END) Dow Jones Newswires

March 18, 2021 11:24 ET (15:24 GMT)

All Active Asset Capital (LSE:AAA)
Historical Stock Chart
From Nov 2024 to Dec 2024

All Active Asset Capital (LSE:AAA)
Historical Stock Chart
From Dec 2023 to Dec 2024