Admission of Placing Shares

RNS Number : 9360Z

Kanabo Group PLC

26 May 2021

 

26 May 2021

Kanabo Group Plc

("Kanabo" or the "Company")

Admission of Placing Shares

Further to the announcement made by the Company on 24 May 2021 in relation to the placing of £1 million, Kanabo Group Plc (LSE:KNB) announces that it has applied for the admission of the 4,545,454 new ordinary shares of 2.5 pence each in the share capital of the Company (the "Placing Shares"). The Placing Shares are being issued at a price of 22p, a 10% premium to the closing mid-price of the Company's ordinary shares on 23 May 2021.

Total Voting Rights

Application will be made for the Placing Shares to be admitted to the Standard List segment of the Official List and to trading on the main market of the London Stock Exchange plc ("Admission"). It is expected that Admission will become effective and that dealings in the Placing Shares will commence at 8.00am on or around 27 May 2021.

Following Admission, the total issued share capital of the Company will consist of 368,407,691 Ordinary shares of 2.5 pence 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 368,407,691 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.

For further information, please visit http://www.kanabogroup.com/ or contact the following:

Kanabo Group Plc

Tel: +(972)52-3173-633

[e-mail]

Meirav Horn

Peterhouse Capital Limited (Financial Adviser)

Tel: [phone]

Eran Zucker / Guy Miller / Allie Feuerlein

Peterhouse Capital Limited (Corporate Broker)

Lucy Williams / Charles Goodfellow

 

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