Issue of Equity

RNS Number : 0802G

Draper Esprit PLC

13 March 2020

 

13 March 2020

DRAPER ESPRIT PLC

("Draper Esprit" or the "Company")

The following amendment has been made to the announcement: "Issue of equity following the acquisition of the balance of Draper Esprit's EIS business" announcement, made on March 11 at 7am under RNS No 6944F

The amendment updates that the application for the new ordinary shares to be admitted to trading on AIM and Euronext Growth was made on 12 March 2020 and not on 11 March, as previously stated. It is expected that admission will now take place on 18 March 2020 and not on 11 March 2020.

All other details remain unchanged.

The full amended text is shown below.

Issue of equity following the acquisition of the balance of Draper Esprit's EIS business

With respect to Draper Esprit's announcement on 11 March 2020 regarding the issue of equity in relation to Draper Esprit's acquisition of the remaining 28% interest in Encore Ventures. The application for the new ordinary shares to be admitted to trading on AIM and Euronext Growth was made on 12 March 2020 and not as previously stated. It is expected that admission will now take place on 18 March 2020 and not on 11 March 2020 as previously stated. The new ordinary shares will rank pari passu with the existing shares of the Company.

Following Admission, the total issued share capital of the Company will increase to 118,918,124 ordinary shares which 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 in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules. The Company does not hold any shares in treasury.

-ENDS-

 Enquiries

Draper Esprit plc Martin Davis (Chief Executive Officer) Ben Wilkinson (Chief Financial Officer)	[phone]
Numis Securities Nominated Adviser & Joint Broker Richard Thomas Jamie Loughborough	[phone]
Goodbody Stockbrokers Euronext Growth Adviser & Joint Broker Don Harrington Charlotte Craigie Dearbhla Gallagher	[phone]
Powerscourt Public relations James White Elly Williamson Jessica Hodgson	[phone]

 

END

 

 

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