TIDMSCGL

RNS Number : 0257U

Sealand Capital Galaxy Limited

31 March 2021

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN, NEW ZEALAND OR THE REPUBLIC OF SOUTH AFRICA OR IN OR INTO ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION.

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). 596/2014.

For immediate release: 31 March 2021

Sealand Capital Galaxy Limited (LSE: SCGL)

("Sealand" or "the Company")

Subscription, Director Dealing, Corporate Update, and Directorate Change

Sealand Capital Galaxy Limited (LSE: SCGL) the digital marketing and advertising company is pleased to announce that it has raised GBP90,000 via a subscription for 6,206,896 new ordinary shares at price of 1.45 pence per share by Executive Chairman Nelson Law ("the Subscription"). Application is being made for the new shares to be admitted to trading, which is expected to be on or around 7 April 2021.

Following the Subscription Mr Law will hold 170,706,896 ordinary shares representing 33.46% of the issued share capital.

The Company also announces that it is in discussions with a European business-to-business marketing technology company initially with a view to obtaining an exclusive licence to use their technology in the Chinese market. The monies raised from the Subscription will be used to explore the commercial opportunities afforded by this opportunity, as well as providing further working capital for the Company.

Total Voting Rights

The new ordinary shares will rank pari passu with the existing ordinary shares of the Company. Following the issue of the new ordinary shares, the Company's issued and fully paid share capital will consist of 510,256,896 ordinary shares, all of which carry one voting right per share. This figure of 510,256,896 ordinary shares 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 FCA's Disclosure Guidance and Transparency Rules.

Directorate Change

The Company also announces that Mr Mark Bernard Battles will today, 31(st) March 2021, be resigning from the Board. The Company wishes to thank Mr Battles for his contribution since appointment. A replacement non-executive director will be appointed in due course.

PDMR

The information contained in this notification is disclosed in accordance with the requirements of Article 19 of the Market Abuse Regulation.

 
1    Details of the person discharging managerial responsibilities/person 
      closely associated 
a)   Name                                       Nelson Law 
2    Reason for the notification 
a)   Position/status                            Person discharging managerial responsibilities (Director, Chairman) 
b)   Initial notification/Amendment             Initial notification 
3    Details of the issuer, emission allowance market participant, 
      auction platform, auctioneer or auction monitor 
a)   Name                                       Sealand Capital Galaxy Limited 
b)   LEI                                         2138009EB25MJIULQO19 
4    Details of the transaction(s): section to be repeated 
      for (i) each type of instrument; (ii) each type of transaction; 
      (iii) each date; and (iv) each place where transactions 
      have been conducted 
a)   Description of the financial                Ordinary shares of GBP0.0001 
      instrument, type of instrument              ISIN: KYG7948E1026 
      Identification code 
b)   Nature of transaction                      Subscription for new ordinary shares 
c)   Price(s) and volume(s)                    Price(s)                               Volume(s) 
   1.45 pence                                                                          6,206,896 
d)   Aggregated information                     6,206,896 shares 
      - Aggregated volume                        1.45 pence 
      - Price 
e)   Date of the transaction                    30 March 2021 
f)   Place of the transaction                   Outside of a trading venue

-Ends-

 
 Enquiries: 
 Sealand Capital Galaxy Limited 
 Law Chung Lam Nelson, Executive    + 44 (0) 753 795 
  Chairman                           9788 
 Novum Securities Limited 
                                    + 44 (0) 20 7399 
 David Coffman                       9400

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/

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