Update on Acquisition

RNS Number : 5474H

Path Investments plc

07 April 2022

 

7 April 2022

Path Investments plc
("Path" or the "Company")

Update on Acquisition

Path Investments plc (TIDM: PATH), is pleased to confirm that, following the passing of all resolutions at its General Meeting ("GM") held on 1 April 2022, that all other conditions precedent in respect of the acquisition of DG Innovate Limited (the "Acquisition") have been satisfied or waived, apart from the admission to the Standard Listing segment of the Official List and trading on the Main Market of the London Stock Exchange ("Admission"). Admission is expected to occur at 8am on 8 April 2022 at which time the Acquisition will complete.

The Company has made an application for the Admission of , in aggregate, 6,813,251,305 New Ordinary Shares being 5,397,451,305 Initial Consideration Shares, 830,800,000 Warrant Shares, 510,000,000 Subscription Shares and 75,000,000 Fee Shares and for the readmission of the Company's Existing Ordinary Shares.

Total Voting Rights

The total number of Ordinary Shares on Admission will be 8,842,715,107 and the total number of voting rights in the Company will be 8,842,715,107 which is the number that may be used by the shareholders as the denominator for calculations by which they will determine if they are required to notify their interest in, or a change to their interests in, the Company under the FCA's Disclosure and Transparency Rules.

Capitalised terms not otherwise defined in this announcement have the same meaning as ascribed to them in the Prospectus dated 14 March 2022.

For further information please contact:

Path Investments plc	C/O IFC
Christopher Theis Jack Allardyce
IFC Advisory (Financial PR & IR)	020 3934 6630
Tim Metcalfe Zach Cohen
Grant Thornton UK LLP (Financial Adviser) Samantha Harrison Harrison Clarke Daphne Zhang Ciara Donnelly	020 7383 5100
ETX Capital (Broker)	020 7392 1400
Tom Curran Thomas Smith

 

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