Issue of Equity

RNS Number : 9485D

Boston International Holdings PLC

02 May 2017

 

03 May 2017

Boston International Holdings plc

("BIH" of the "Company")

Issue of Equity

Boston International Holdings plc, a special purpose acquisition company (SPAC) formed to undertake one or more acquisitions of target companies or businesses in the FX sector, is pleased to announce that certain investors of Cornhill Capital have invested £50,000 in the Company by directly subscribing for 1,000,000 new ordinary shares of £0.01 ("Ordinary Shares") at a price of 5 pence per share.

Accordingly, application has been made for the 1,000,000 new Ordinary Shares to be admitted to trading and it is expected that admission will take place on or around 7^th May 2017.

The new Ordinary Shares will rank pari passu with the existing Ordinary Shares of the Company.

Warrants over 1,000,000 Ordinary Shares for a period of five years at the placing price will be granted to Cornhill Capital on settlement of the placing.

Total Voting Rights

Following Admission, the Company's enlarged issued share capital will comprise 30,620,948 Ordinary Shares with one voting right per Ordinary Share.  No Ordinary Shares are held in Treasury.  The total number of voting rights in the Company is therefore 30,620,948.

This figure of 30,620,948 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 in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

ENDS

Boston International Holdings (BIH) is a special purpose acquisition company (SPAC) listed on the standard segment of the official list, with shares traded on the main market of the London Stock Exchange. BIH is seeking to acquire a business operating in the foreign exchange (FX) sector. Following the acquisition, BIH intends to seek re-admission of the enlarged group to trading on the London Stock Exchange or admission to another stock exchange.

Enquiries:

Yellow Jersey PR Limited (Financial PR)

Charles Goodwin / Joe Burgess

Tel: [phone]

Cornhill Capital Limited (Broker)

Nick Bealer

[phone]

 

END

 

 

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