Pires Investments

Exercise of Warrants

RNS Number : 9755R
Pires Investments PLC
11 March 2021
 

Pires Investments plc

 

("Pires" or the "Company")

 

Exercise of Warrants

 

Pires Investments plc (AIM: PIRI), the investment company focused on next generation technology, announces that it has received notifications for the exercise of warrants over 577,774 ordinary shares in the Company at an exercise price of 4 pence per share providing the Company with proceeds of £23,110.96 ("Warrant Exercise").

 

Application will be made to the London Stock Exchange to admit the 577,774 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 17 March 2021 ("Admission"). The new ordinary shares will rank pari passu with the existing ordinary shares.

 

For the purpose of the Disclosure and Transparency Rules, following Admission the enlarged issued share capital of the Company will comprise 146,242,206 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 the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.

 

Enquiries:

 

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

Duncan Vasey/Lucy Williams

 

Tel: +44 (0) 20 7469 0935

Tel: +44 (0) 20 7469 0936

Joint Broker

Tennyson Securities

Peter Krens

 

Tel: +44 (0) 20 3167 7221

 

Financial media and PR

Yellow Jersey

Sarah Hollins

Henry Wilkinson

 

Tel: +44 (0) 20 3004 9512

 

 

Notes to Editors

 

About Pires Investments plc

 

Pires Investments plc (AIM: PIRI) is an investment company providing investors with access to a portfolio of next-generation technology businesses with significant growth potential.

 

The Company is building an investment portfolio of high-tech businesses across areas such as Artificial Intelligence ("AI"), Internet of Things ("IoT"), Cyber Security, Machine Learning, Immersive Technologies and Big Data, which the Board believes demonstrate evidence of traction and the potential for exponential growth, due to increasing global demand for development in these sectors.

 

For further information, visit: https://piresinvestments.com/ .

 

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