Warrant Exercise

RNS Number : 6622T

Sabien Technology Group PLC

26 November 2021

 

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

  26 November 2021

Sabien Technology Group plc

("Sabien" or the "Company")

Warrant Exercise Notice and Total Voting Rights

Sabien Technology Group plc, a company focussed on building a portfolio of operations which, in combination, provide critical elements of the transition to a Green Economy, announces that it has received an exercise notice from investors in relation to 50,000 warrants.

The Company announced the issue of the warrants on 20 January 2021, which are exercisable at an exercise price of 30 pence per share following the 29 March 2021 300:1 share consolidation.  Accordingly, pursuant to the warrant exercise notice, Sabien will issue 50,000 new ordinary shares of 3 pence each in the capital of the Company ("Ordinary Shares") (the "New Shares").  Application will be made for the New Shares to be admitted to trading on AIM and admission is expected to become effective on 2 December 2021 ("Admission"). 

Following Admission, the Company will have 14,720,168 Ordinary Shares in issue, each share carrying the right to one vote. The Company does not hold any Ordinary Shares in Treasury. Following Admission, the figure of 14,720,168 Ordinary Shares 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 under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Further Information:

Sabien Technology Group plc Richard Parris, Executive Chairman	[phone]
Allenby Capital Limited (Nominated Adviser) John Depasquale / Nick Harriss / Vivek Bhardwaj	[phone]
Peterhouse Capital Limited (Broker) Duncan Vasey / Lucy Williams	[phone]

The person who arranged for the release of this announcement on behalf of the Company was Richard Parris, Executive Chairman.

A copy of this announcement will be available from the Company's website at www.sabien-tech.com

 

END

 

 

IOEFESFUIEFSELF