Result of Broker Option, Issue of Equity and TVR

Sabien Technology Group PLC

21 February 2024

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310

21 February 2024

Sabien Technology Group plc

("Sabien" or the "Company")

Result of Broker Option,

Issue of Equity and Total Voting Rights

Sabien Technology Group plc (AIM:SNT), the company focused on a green aggregation strategy, is pleased to announce the result of the Broker Option that was originally announced on 19 February 2024 alongside the subscription agreement with Richard Parris, Executive Chairman and CEO of Sabien.

The Company's broker, Peterhouse Capital Limited ("Peterhouse Capital"), has informed the Company that it has exercised its Broker Option in respect of 1,000,000 new ordinary shares of 3 pence each in the Company ("Ordinary Shares") (together the "Broker Option Shares").

The Broker Option Shares will be issued at 8.0p per new Ordinary Share (the "Issue Price"), resulting in gross proceeds of £80,000.00 being raised. Related to this and as announced on 20 February 2024, £40,000.00 has been raised by the Company through the subscription of 500,000 new Ordinary Shares (the "Subscription Shares") at the Issue Price by Richard Parris (the "Subscription" and together with the Broker Option, the "Fundraise"). This brings the total amount raised under the Fundraise to £120,000.00 (before expenses).

Following the issues of the Broker Option Shares Richard Parris' shareholding will represent 21.91% of the issued share capital of the Company.

Admission to AIM

Application has been made to London Stock Exchange plc for 1,000,000 Broker Option Shares and 500,000 Subscription Shares to be admitted to trading on AIM ("Admission"). It is currently anticipated that Admission will become effective and that dealings in the 1,500,000 new Ordinary Shares will commence on AIM at 8.00 a.m. on or around 27 February 2024.

Total voting rights

On Admission, the Company will have 23,195,168 ordinary shares of 3p each in issue, each with one voting right. There are no shares held in treasury. Therefore, upon Admission, the Company's total number of ordinary shares in issue and voting rights will be 23,195,168 and this figure may be used by shareholders from Admission 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 Company under the FCA's Disclosure Guidance and Transparency Rules.

For Further Information:

Sabien Technology Group plc

Richard Parris, Executive Chairman                                                                  [phone]

Scott Fulton, Investor Relations                                                                         [e-mail]

Allenby Capital Limited (Nominated Adviser)

John Depasquale / Nick Harriss / Vivek Bhardwaj                                          [phone]

Peterhouse Capital Limited (Broker)

Duncan Vasey / Lucy Williams                                                                           [phone]

 

END