Sealand Capital Galaxy Limited Exercise of Warrant & Issue of Equity (2520W)
August 17 2020 - 1:00AM
UK Regulatory
TIDMSCGL
RNS Number : 2520W
Sealand Capital Galaxy Limited
17 August 2020
For immediate release: 17 August 2020
Sealand Capital Galaxy Limited (LSE: SCGL)
Exercise of Warrant & Issue of Equity
Sealand Capital Galaxy Limited ("Sealand" or "the Company")
announces that it has received a notice of exercise of warrant over
5,780,346 new ordinary shares of GBP0.0001 each in the share
capital of the Company
(the "Warrant Shares") at a price of GBP0.004325 per share, which was granted on 14 January 2020.
Accordingly, the Company has today issued the Warrant Shares to
the warrant holder for an aggregate cash consideration of GBP25,000
.
Application will be made for the Warrant Shares to be listed on
the main market of the London Stock Exchange as soon as is
practicable. The Warrant Shares will rank pari passu in all
respects with the existing issued ordinary shares of GBP0.0001 each
in the capital of the Company.
Total voting rights
Following the issue of the Warrant Shares, the total issued
share capital of the Company will consist of 509,830,346 ordinary
shares of GBP0.0001 each carrying the right to one vote. There are
no shares currently held in treasury. The total number of voting
rights in the Company will therefore be 509,830,346 and this figure
may be used by shareholders as the denominator for the calculations
by which they determine if they are required to notify their
interest in, or a change to their interest in, the Company under
the Financial Conduct Authority's Disclosure Rules and Transparency
Rules.
-Ends-
Enquiries:
Sealand Capital Galaxy Limited
Law Chung Lam Nelson, Executive Chairman + 44 753 795 9788
Notes to Editors:
-- The Company's Shares are traded on the Official List of the
London Stock Exchange's main market for listed securities under the
ticker SCGL.
-- Further information on Sealand is available on its website http://www.scg-ltd.com/
Disclaimer
This announcement may contain certain forward-looking
statements. These statements are made by the Company's directors in
good faith based on the information available to them up to the
time of their approval of this announcement but such statements
should be treated with caution due to inherent uncertainties,
including both economic and business factors, underlying such
forward-looking information. This announcement has been prepared
solely to provide additional information to shareholders to assess
the Group's strategies and the potential for those strategies to
succeed. This announcement should not be relied on by any other
party or for any other purpose .
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.
END
IOESFAFMMESSEDA
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August 17, 2020 02:00 ET (06:00 GMT)
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