Exercise of Warrants and Total Voting Rights

RNS Number : 8812E

Deepverge PLC

10 November 2020

 

AIM share code: DVRG

10 November 2020

DeepVerge PLC

("DeepVerge" or "Company")

Exercise of Warrants  

DeepVerge announces that it has received notification from a warrant holder to exercise warrants over 40,000 shares in the share capital of DeepVerge ("the Warrant Shares") at an exercise price of 20 pence. T he consideration for the exercise of the Warrant Shares amounts, in aggregate, to a cash value of   £8,000.

Total Voting Rights

The Warrant Shares were allotted on 10 November 2020. Application has been made for the Warrant Shares to be admitted to trading on AIM ("Admission"), and Admission is expected to be on or about 16 November 2020. These shares will rank pari passu with the ordinary shares of the Company in issue.

The Company's total issued share capital, following the issue of the Warrant Shares, will be 156,182,383 ordinary shares. As the Company does not hold any shares in Treasury, this figure may be used by shareholders in the Company 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 share capital of the Company following Admission.

DeepVerge plc	Gerard Brandon, CEO	[phone]
SPARK Advisory Partners Limited (Nominated Adviser)	Neil Baldwin/Andrew Emmott	[phone]
Turner Pope Investments (TPI) Limited (Broker)	Andy Thacker/Zoe Alexander	[phone]

About DeepVerge plc:

DeepVerge is a scientific research and AI-as-a-Service company focused on production and analysis of bacteria, virus and toxins utilising artificial intelligent data analytics in regulatory technology, from scientifically proving the impact of skincare product claims on skin microbiome for top 10 global cosmetic company clients to remotely detecting water contamination in real-time.

 

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