Joint Brokers Appointment; Issue of Equity; TVR

RNS Number : 9364N

Brandshield Systems PLC

04 February 2021

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED.  ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

BrandShield Systems plc

("BrandShield", or the "Company")

Appointment of Shore Capital and Tennyson Securities as Joint Brokers;

Issue of Equity; Total Voting Rights

BrandShield Systems plc (AIM: BRSD), a leading provider of cybersecurity solutions from brand protection to online threat hunting, is pleased to announce it has appointed Shore Capital Stockbrokers Limited and Tennyson Securities as its Joint Brokers, replacing Optiva Securities.

Issues of Equity

The Company has issued in aggregate 120,000 new Ordinary Shares of £0.01p each (" Fee Shares") to the brokers as part payment in relation to their respective appointments.  The Fee Shares have been allotted at the price of 25p per share.  The Fee Shares issued will be credited as fully paid and will rank pari passu in all respects with the existing Ordinary Shares in the capital of the Company, including the right to receive all dividends and other distributions declared, made or paid in respect of such Ordinary Shares.

Application has been made for the Fee Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur on or around 9 February 2021.

Total Voting Rights

Upon Admission of the Fee Shares, the Company's issued share capital will consist of 114,495,527 Ordinary Shares with one voting right each.  The Company does not hold any Ordinary Shares in treasury.  Therefore, the total number of Ordinary Shares and voting rights in the Company will be 114,495,527.  With effect from Admission, this figure 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  FCA's Disclosure Guidance and Transparency Rules.

Yoav Keren, CEO of BrandShield said , "We are absolutely delighted that Shore Capital and Tennyson Securities have agreed to act as Joint Brokers to the Company.  Both have an enviable track record in the technology sector and we view this is a very strong validation of our progress to date and potential going forwards."

-Ends-

For further information please visit https://www.brandshield.com/ or contact:

BrandShield Systems plc Yoav Keren, CEO			[phone]
Spark Advisory Partners Limited (Nominated Adviser) Neil Baldwin / Andrew Emmott			[phone]
Shore Capital (Joint Broker) Toby Gibbs / James Thomas / Sarah Mather (Corporate Advisory) Henry Willcocks (Corporate Broking)			[phone]
Tennyson Securities (Joint Broker) Peter Krens			[phone]

About BrandShield

BrandShield is a provider of cybersecurity solutions from brand protection to online threat hunting. BrandShield detects online threats and takes them down. The Company's client base is a growing list of organisations including Fortune 500 and FTSE100 companies. By utilising AI and big-data analysis, BrandShield monitors, detects, and removes online threats facing companies. These threats include social phishing, executive impersonation, fraud, brand abuse, and counterfeits.

For more information, visit  www.brandshield.com .

About Tennyson Securities

Tennyson Securities is the new home of the Primary Team that has recently left Mirabaud Securities and will continue to focus on the Technology sector.

 

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