Sivota PLC Potential Placing to raise c.£250,000
March 05 2025 - 1:00AM
RNS Regulatory News
RNS Number : 3485Z
Sivota PLC
05 March 2025
THIS
ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK
VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF
ENGLISH LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018,
AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA
REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.
5 March
2025
Sivota plc
("Sivota" or the
"Company")
Potential Placing to raise
c.£250,000
Sivota (LSE:SIV), the London-listed
investment vehicle focused on later-stage technology companies,
announces its intention to raise c.£250,000 to support the
Company's general working capital requirements.
The Company intends to raise the
funds through an issue of new ordinary shares in a placing
targeting both existing and new shareholders (the "Placing"). The
expected price per new ordinary share in the placing is 20 pence
per share.
However, there can be no certainty
that the Placing will be successful, nor the price at which any
Placing can be successfully undertaken. Further announcements
will be made in due course.
The Company remains committed to its
existing buy and build growth strategy and as such is actively
exploring potential acquisition opportunities and has recently made
some progress in this regard.
However, there are no material
developments to report at this stage and the Company will update
investors as and when appropriate.
Enquiries:
Sivota PLC
Tim Weller, Non-Executive
Chairman
Ziv Ben-Barouch, Chief Executive
Officer
|
via Vigo Consulting
|
Canaccord Genuity Limited
Alex Aylen - Head of
Equities
|
+ 44 (0) 20 7523 8000
|
Vigo Consulting
Jeremy Garcia
|
+ 44 (0)20 7390 0230
|
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