The
information contained within this announcement is deemed by the
Company to constitute inside information for the purposes of
Article 7 of EU Regulation 596/2014 (which forms part of domestic
UK law pursuant to the European Union (Withdrawal) Act 2018) ("UK
MAR"). Upon the publication of this announcement via a Regulatory
Information Service, this information is considered to be in the
public domain.
For
immediate release
2 December 2024
BOSTON INTERNATIONAL HOLDINGS
PLC
("BIH" or the
"Company")
Completion of Subscription by
Zarara Energy Ltd for New Ordinary Shares in the Company and Total
Voting Rights
The board of
directors of BIH (the "Board") is
pleased to announce that completion of the subscription by Zarara
Energy Ltd ("ZEL") for 222,407,081 new ordinary shares of 0.1
pence each in the Company (the
"Subscription Shares") for
£306,000 in cash took place on 29 November 2024 ("Completion"). The Subscription Shares
were allotted and issued by the Company to ZEL credited as fully
paid up and ranking pari
passu, and as one class with, the existing
148,219,943 ordinary
shares in the Company. The Subscription
Shares represent 60.00% of the enlarged issued share capital
of the Company.
No application is being made for the
present time for the Subscription Shares to be admitted to listing
on the FCA's Official List or to trading on the London Stock
Exchange's main market for listed securities. In any event,
the listing and trading in the Company's existing issued ordinary
shares is currently suspended.
Board changes
On Completion, Said Mbarak Salim Al Digeil and William ('Brock') Henry
Tuppeny III (nominee Directors of ZEL) were
appointed to the Board and Martin Lampshire and Richard
Hartheimer resigned from the
Board.
Conversion of Outstanding Directors' Fees and Expenses
into New Convertible Loan Notes
As a result of Completion, the
conversion of outstanding Directors' fees and expenses due from the
Company to them and their consultancy companies into an aggregate
principal amount of £246,982.20 New Convertible Loan Notes (as
announced by the Company on 29 October 2024) has become
effective.
Total voting rights
Following the allotment and issue of
the 222,407,081 Subscription Shares, the Company's issued share capital
consists of 370,627,024
ordinary shares of 0.1 pence, each with one voting
right. The Company does not hold any ordinary shares in treasury.
Therefore, the total number of voting rights in the Company
is 370,627,024.
The above figure of
370,627,024 should be used
by shareholders in the Company as the denominator for the
calculation by which they may determine if they are required to
notify their interest in, or change to their interest in, the share
capital of the Company under the FCA's Disclosure Guidance and
Transparency Rules.
For more information, please
contact:-
|
Boston International Holdings Plc
|
|
|
Christopher Pitman,
Chairman
|
+44 (0)
7768 104329
|
|
Beaumont Cornish Limited (Rule 3/Financial
adviser)
|
|
|
Roland Cornish / Asia
Szusciak
|
+44 (0) 20
7628 3396
|
|
|
| |
Important Notice:-
Beaumont Cornish Limited, which is authorised and regulated in the United
Kingdom by the Financial Conduct Authority, is
financial adviser to the Company in relation to the matters
referred herein and the independent adviser to the Directors of the
Company for the purposes of Rule 3 of the Takeover Code.
Beaumont Cornish Limited is acting exclusively for
the Company and for no one else in relation to the matters
described in this announcement and is not advising any other person
and accordingly will not be responsible to anyone other than the
Company for providing the protections afforded to clients of
Beaumont Cornish Limited, or for providing advice
in relation to the contents of this announcement or any matter
referred to in it.
