Exercise of Options

RNS Number : 5582C

Silver Bullet Data Services Grp PLC

12 October 2022

 

12 October 2022 

Silver Bullet Data Services Group plc

("Silverbullet" or the "Company")

Exercise of Options

Silverbullet, a provider of digital transformation services and products, announces that it has issued, 20,000 new ordinary shares of 1p each in the Company ("Ordinary Shares") pursuant to an exercise of options at an exercise price of £0.01 per Ordinary Share (the "Option Shares").

Application has been made for the Option Shares to be admitted to trading on AIM ("Admission"), and Admission is expected to occur on or around 17 October 2022. The Option Shares will rank pari passu with the Company's existing Ordinary Shares. 

The total number of Ordinary Shares in issue following Admission will be 15,936,687. As the Company does not hold any shares in Treasury, 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 following Admission under the FCA's Disclosure and Transparency Rules.

For further information please contact:

Silverbullet		via IFC
Ian James (CEO), Darren Poynton
Strand Hanson Limited - Financial and Nominated Adviser		0207 409 3494
James Spinney / James Bellman / Robert Collins
Oberon Capital - Broker		0203 179 5344
Mike Seabrook / Chris Crawford
IFC Advisory		020 3934 6630
Graham Herring / Tim Metcalfe / Florence Chandler		07793 839 024

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended).

About Silverbullet

Silverbullet's proprietary 4D advertising solution is designed to help advertisers target consumers in a "post cookie world". The product is a natural extension to its existing services business which already serves a blue-chip client base such as Heineken, Channel 4, Amazon and ITV amongst many others. The removal of third-party cookies has already been implemented by web browsers such as Firefox and Safari, with Google expected to phase out the use of cookies in 2023. 

Headquartered in London, the Group employs 74 employees across five regions across the globe, including, the UK, Italy, Germany, Australia and the US. The Group continues to look at other opportunities for expansion worldwide.

The Company has an established and growing services business with significant accumulated industry experience and a proven track record of delivering strategic projects and activation services to its clients. The majority of the Board have held senior positions at global software companies and have significant industry experience across data engineering, SAAS product development and marketing.

The Group has close technical and commercial partnerships with Salesforce, Oracle and Adobe, all of which have existing sales channels and are already delivering to clients.

The Group has established a strategic partnership and an entity with Local Planet, a scaled network of over 60 agencies across the globe.  Local Planet Data Services Limited was established in December 2020 and presents a significant opportunity to provide data services and the 4D product to the Local Planet agency network.

 

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