ENGI Energiser Investments Plc

 
TIDMDRUM 
 
1 October 2020 
 
This announcement includes inside information as defined in Article 7 of the 
Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the 
Company's obligations under Article 17 of those Regulations. 
 
                                  Drumz plc 
 
                          ('Drumz' or the 'Company') 
 
                           Placing to raise GBP500,000 
 
The Company is pleased to announce that its joint broker Peterhouse Capital, 
has raised GBP500,000 before expenses through the issue of 90,909,091 ordinary 
shares of 0.1p each ("Ordinary Shares") at an issue price of 0.55 pence each 
(the "Issue Price") (the "Placing Shares") (the "Placing").  Investors in the 
Placing will also receive 1 warrant to subscribe for one Ordinary Share for 
every two Placing Shares, exerciseable at 1.2 pence, for a period of up to 12 
months from date of issue. 
 
Angus Forrest, Chief Executive, intends to subscribe for up to 3,636,363 
Placing Shares as part of the Placing. This intention is not legally binding 
and any subscription by Mr Forrest pursuant to the Placing will be announced 
through a Regulatory Information Service. 
 
Following the Company's change of investing policy on 30 June 2020 and its 
subsequent investment in Acuity Risk Management Ltd on 7 September 2020, Drumz 
has undertaken the Placing to provide additional cash resources to enable the 
Board to respond quickly to investment opportunities. 
 
The Issue Price represents a premium of 10 per cent compared to the fund raise 
announced 1 July 2020 and a discount of 4% compared to the closing middle 
market price of 0.575 pence on 30 September 2020, being the last practicable 
date prior to the announcement of the Placing. The Placing is not being 
underwritten and is conditional on admission of the Placing Shares to trading 
on AIM. The Placing is being conducted pursuant to the existing authorities 
granted to the Directors of the Company at its general meeting on 30 June 2020. 
The Placing Shares represent approximately 26.36 per cent. of the Company's 
issued share capital as enlarged by the Placing Shares. 
 
Application has been made to the London Stock Exchange for the Placing Shares 
to be admitted to trading on AIM ("Admission") and it is expected that such 
Admission will occur at 8.00 a.m. on 6 October 2020. The Placing Shares will be 
issued credited as fully paid and will rank in full for all dividends and other 
distributions declared, made or paid after the admission of the Placing Shares, 
respectively and will otherwise be identical to and rank on Admission pari 
passu in all respects with the existing Ordinary Shares. The Placing Shares are 
not being made available to the public and are not being offered or sold into 
any jurisdiction where it would be unlawful to do so. 
 
Following Admission, the Company will have 344,822,048 Ordinary Shares in 
issue, none of which will be held in treasury. Accordingly, the total number of 
voting rights in the Company will be 344,822,048 and shareholders may use this 
figure as the denominator for the calculations by which they will determine if 
they are required to notify their interest in, or a change to their interest 
in, the Company under the FCA's Disclosure Guidance and Transparency Rules. 
 
For further information please 
contact: 
 
Drumz Plc                              www.drumzplc.com 
 
Angus Forrest                          +44 (0) 20 3582 0566 
 
WH Ireland (NOMAD & Joint Broker)      www.whirelandcb.com 
 
Mike Coe / Chris Savidge               020 7220 1666 
 
Peterhouse Capital Limited (Joint 
broker) 
 
Lucy Williams / Duncan Vasey           020 7469 0936 
 
 
 
END 
 

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