Pires Investments PLC Conditional Warrant Exercise (1205R)
July 04 2022 - 1:00AM
UK Regulatory
TIDMPIRI
RNS Number : 1205R
Pires Investments PLC
04 July 2022
Pires Investments Plc
("Pires" or the "Company")
Conditional Warrant Exercise
Pires Investments plc (AIM: PIRI), the investment company
focused on next generation technology, announces that it has
received a conditional warrant notice over 13,000,000 ordinary
shares in the Company at an exercise price of 4 pence per share
which will become effective on or prior to the date on which the
Scheme becomes Effective. The resulting Pires shares issued will be
subject to the Scheme and be acquired by Tern plc.
As the exercise of warrant is conditional only on the Scheme
becoming Effective, there is no certainty that new ordinary shares
resulting from the exercise of warrant will be issued and admitted
to trading. Additionally, the holder may unilaterally waive the
condition and pay the aggregate exercise price to exercise the
Pires Warrants at any time prior to the Scheme becoming
Effective.
Capitalised terms used in this announcement shall, unless
otherwise defined, have the same meanings as set out in the
Company's announcement of 28 June 2022.
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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