Block listing Interim Review

RNS Number : 4898C

Kanabo Group PLC

23 February 2022

 

Kanabo Group Plc

("Kanabo" or the "Company")

Block Listing Six Monthly Return

Lapse of Warrants

Extension of Warrants

Kanabo Group Plc (LSE:KNB) announces that 8,277,344 RTO warrants (exercisable at 10p) have been exercised since the Company's IPO in February last year. This means that the Company received an additional £827,734.

3,493,937 RTO warrants have now lapsed with effect from 16 February 2022.

Kanabo makes the following notification pursuant to its existing block admission.

Name of applicant:		Kanabo Group Plc
Name of scheme:		SOP RTO Warrants
Period of return:	From:	22/1/22	To:	16/2/22
Balance of unallotted securities under scheme(s) from previous return:		9,558,672
Plus:   The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for):		0
Less:   Number of securities issued/allotted under scheme(s) during period (see LR3.5.7G):		3,135,961
Equals:   Balance under scheme(s) not yet issued/allotted at end of period:		6,422,711 (These remaining warrants have now lapsed with the exception of 2,928,779 details can be found below)

Name of applicant:		Kanabo Group Plc
Name of scheme:		SOP RTO Warrants
Period of return:	From:	22/7/21	To:	22/1/22
Balance of unallotted securities under scheme(s) from previous return:		10,953,547
Plus:   The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for):		0
Less:   Number of securities issued/allotted under scheme(s) during period (see LR3.5.7G):		1,394,875
Equals:   Balance under scheme(s) not yet issued/allotted at end of period:		9,558,672

Name of contact:	Peterhouse Capital
Telephone number of contact:	[phone]

The Company confirms that the effective expiry date of 2,928,779 RTO warrants has been extended from 16 February 2022 until 15 May 2022, in accordance with the terms of the corresponding warrant instrument as they apply to PDMRs and other insiders. As was foreseen when the warrant instrument was prepared, the Company is in a closed period in the lead-up to the original expiry date of the warrants.

For further information, please visit http://www.kanabogroup.com / or contact the following:

Kanabo Group Plc	Via Vox Markets
Meirav Horn, CFO
Peterhouse Capital Ltd (Financial Adviser)	Tel: [phone]
Eran Zucker / Guy Miller
Peterhouse Capital Ltd (Corporate Broker)	Tel: [phone]
Lucy Williams / Charles Goodfellow
Vox Markets (Investor Relations)	[e-mail]
Kat Perez	[e-mail]

 

END

 

 

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