Pires Investments

Exercise of Warrant

RNS Number : 5419X
Pires Investments PLC
01 September 2020


Pires Investments PLC

("Pires" or the "Company")


Exercise of Warrant


Pires Investments plc (AIM: PIRI), the investment company focused on next generation technology, announces that it has received notification for the exercise of a warrant over 1,000,000 ordinary shares in the Company at an exercise price of 4 pence per share providing the Company with proceeds of £40,000 ("Warrant Exercise").


Application will be made to the London Stock Exchange to admit the 1,000,000 new ordinary shares resulting from the Warrant Exercise to trading on AIM.  Admission of the new ordinary shares is expected to occur on or around 4 September 2020.  The new ordinary shares will rank pari passu with the existing ordinary shares.


For the purpose of the Disclosure and Transparency Rules, following the issue of shares detailed above the enlarged issued share capital of the Company will comprise 120,472,465 ordinary shares of 0.25 pence each. The Company does not hold any shares in treasury. The above figure may be used by shareholders 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 Company, under the Disclosure and Transparency Rules.



This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.





Pires Investments plc

Peter Redmond, Chairman

Nicholas Lee, Director


Tel: +44 (0) 20 3368 8961


Nominated Adviser

Cairn Financial Advisers LLP

Liam Murray/Ludovico Lazzaretti



Tel: +44 (0) 20 7213 0880

Joint broker

Peterhouse Capital Limited

Lucy Williams/Duncan Vasey


Tel: +44 (0) 20 7469 0935



Joint broker

Mirabaud Securities Limited

Peter Krens


Tel: +44 (0) 20 3167 7221



Financial media and PR

Yellow Jersey

Sarah Hollins

Henry Wilkinson

Annabel Atkins


Tel: +44 (0) 20 3004 9512



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