Pires Investments PLC Exercise of Warrant (0366P)
June 16 2022 - 1:00AM
UK Regulatory
TIDMPIRI
RNS Number : 0366P
Pires Investments PLC
16 June 2022
Pires Investments Plc
("Pires" or the "Company")
Exercise of Warrant
Pires Investments plc (AIM: PIRI), the investment company
focused on next generation technology, announces that it has
received notification for the exercise of warrant over 4,939,200
ordinary shares in the Company at an exercise price of 4 pence per
share providing the Company with proceeds of approximately
GBP197,568 ("Warrant Exercise").
Application will be made to the London Stock Exchange to admit
the 4,939,200 new ordinary shares resulting from the Warrant
Exercise to trading on AIM. Admission of the new ordinary shares is
expected to occur on or around 21 June 2022 ("Admission"). The new
ordinary shares will rank pari passu with the existing ordinary
shares.
For the purpose of the Disclosure and Transparency Rules,
following Admission the enlarged issued share capital of the
Company will comprise 166,334,391 ordinary shares of 0.25 pence
each. The Company does not hold any shares in treasury. The above
figure may be used by shareholders 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 Disclosure and Transparency Rules.
This announcement contains inside information for the purposes
of the UK Market Abuse Regulation and the Directors of the Company
are responsible for the release of this announcement.
For further information please contact:
Pires Investments plc Tel: +44 (0) 20 3368 8961
Nicholas Lee, Director
Nominated Adviser
Cairn Financial Advisers LLP Tel: +44 (0) 20 7213 0880
Liam Murray/Ludovico Lazzaretti
Joint Broker
Peterhouse Capital Limited Tel: +44 (0) 20 7469 0935
Duncan Vasey/Lucy Williams Tel: +44 (0) 20 7469 0936
Joint Broker
Tennyson Securities Tel: +44 (0) 20 3167 7221
Peter Krens
Financial media and PR
Yellow Jersey Tel: +44 (0) 20 3004 9512
Sarah Hollins
Henry Wilkinson
Annabelle Wills
Notes to Editors
About Pires Investments plc
Pires Investments plc (AIM: PIRI) is an investment company
providing investors with access to a portfolio of next generation
technology businesses with significant growth potential.
The Company is building an investment portfolio of high-tech
businesses across areas such as Artificial Intelligence, Internet
of Things, Cyber Security, Machine Learning, Immersive Technologies
and Big Data, which the Board believes demonstrate evidence of
traction and the potential for exponential growth, due to
increasing global demand for development in these sectors.
For further information, visit: https://piresinvestments.com/
.
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END
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