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Kazera Global PLC (KZG)

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Tuesday 07 July, 2020

Kazera Global PLC

Issue of Equity

RNS Number : 1875S
Kazera Global PLC
07 July 2020
 

Kazera Global plc

Issue of Equity

Kazera Global plc ("Kazera Global", "Kazera" or "the Company"), the AIM quoted investment company, announces that the Company has issued 800,000 ordinary shares in the Company ("Ordinary Shares") in relation to the Fee Shares owed to Westleigh Investments Holdings Limited ("WIHL") as announced on 4 June 2020.

All 800,000 Ordinary Shares to be issued to WIHL will be issued at a price of 0.5p per Ordinary Share, in line with the Company's Placing announced on 4 June 2020.

Following the issue of equity, WIHL, a company wholly owned and controlled by Giles Clarke and Nick Harrison has an interest in 14,338,095 Ordinary Shares, representing 2.10 per cent. of the Company's issued share capital.

Related Party Transaction

As announced on 4 June 2020, the Fee Shares to be issued to WIHL relate to fees accrued but not taken for the period from 1 June 2020 to 30 June 2020 amounting to 800,000 Ordinary Shares.

R elated Party

Current number of Ordinary Shares held

Fee Shares to be issued

Resultant number of Ordinary Shares held

% of Enlarged Issued Share Capital held

WIHL

13,538,095

800,000

14,338,095

2.10

 

The issuance of these Ordinary Shares to WIHL constitute a related party transaction pursuant to Rule 13 of the AIM Rules for Companies. Larry Johnson and Dennis Edmonds, independent directors for these purposes, consider, having consulted with the Company's nominated adviser, that the issuance of these New Ordinary Shares is fair and reasonable insofar as the Company's shareholders are concerned.

Admission

Application has been made to the London Stock Exchange to admit 800,000 new Ordinary Shares to trading on AIM, Admission of the New Ordinary Shares is expected to occur on or around 10 July 2020 ("Admission"). The New Ordinary Shares will rank pari passu with the existing Ordinary Shares.

Following Admission, the issued share capital of the Company will be 681,250,986 Ordinary Shares and this figure may be used by shareholders as a denominator for the calculations by which the will determine if they are required to notify their interest in, or change to their interest in the Company under the Disclosure Guidance and Transparency Rules published by the UK Financial Conduct Authority. There are no Ordinary Shares held in treasury and each Ordinary Share entitled the holder to a single vote at general meetings of the Company. Therefore, the total number of voting rights in the Company will be 681,250,986.

For further information on the Company, visit:  www. kazeraglobal .com

 **ENDS**

Kazera Global plc (c/o Camarco)

Larry Johnson (CEO)

Tel: +44 (0)203 757 4980

 

finnCap (Nominated Adviser and Joint Broker)

Christopher Raggett / Charlie Beeson (corporate finance)

 

Tel: +44 (0)207 220 0500



Camarco (PR)

Gordon Poole / James Crothers / Hugo Liddy

 

 

Tel: +44 (0)20 3781 8331

 


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