TIDMHELD
RNS Number : 7586T
Hellenic Dynamics PLC
17 November 2023
17 November 2023
Hellenic Dynamics plc
("Hellenic Dynamics" or the "Company")
Timetable for the Proposed Capital Reorganisation
London, 16 November 2023 , Hellenic Dynamics Plc (LSE: HELD), a
medical cannabis cultivator with a dedicated focus on producing
tetrahydrocannabinol ("THC") dominant strains of medical cannabis
flowers for the burgeoning European medical cannabis markets,
announces, further to the Mezzanine Loan and Posting of Circular
announcement on 26 October 2023, the proposed timetable for the
Capital Reorganisation.
EXPECTED TIMETABLE OF EVENTS
Publication and posting to Shareholders 25 October 2023
of the Circular
General Meeting 9:00a.m. on 20 November
2023
-------------------------
Record date for the consolidation, subdivision 6:00 p.m. on 24 November
and reclassification of the Existing Ordinary 2023
Shares
-------------------------
Admission of the New Ordinary Shares 8:00 a.m. on 27 November
2023
-------------------------
CREST accounts credited with the New Ordinary Shortly after 8:00
Share a.m. on 27 November
2023
-------------------------
Despatch of definitive share certificates By 8 December 2023
in respect of the New Ordinary Shares
-------------------------
Capitalised terms and definitions are as included in the
circular published on 25 October 2023.
As a result of the Capital Reorganisation, the ISIN and SEDOL
will changes on Admission of the New Ordinary Shares, as
follows:
Existing New
ISIN GB00B3CQW227 GB00BRXCFB77
------------- -------------
Sedol B3CQW22 BRXCFB7
------------- -------------
As noted in the announcement on 26 October 2023 , a copy of the
circular, together with supporting documents, is available from the
Company's website, www.hellenicdynamics.com .
The General Meeting will be held at the offices of Shakespeare
Martineau LLP, 6th Floor, 60 Gracechurch Street, London, EC3V 0HR
on 20 November 2023 at 09:00 a.m. GMT.
Enquires:
Hellenic Dynamics plc +44 (0)20 3818 7850
Davinder Rai davinder@hellenicdynamics.com
Cairn Financial Advisers LLP +44 (0)20 7213 0880
Emily Staples / Jo Turner
Peterhouse Capital +44 (0)20 7469 0930
Lucy Williams / Charles Goodfellow
About Hellenic Dynamics plc
Founded in 2019, Hellenic Dynamics is specifically focused on
the cultivation and supply of THC ("tetrahydrocannabinol") -
dominant strains of medical cannabis flowers, destined for the
growing medical cannabis markets across Europe. Hellenic Dynamics'
core strategy is to develop and operate its 40,000 square metre
active cultivation licence from its 195,506 square metre facility
located near Thessaloniki in Northern Greece. In full production,
Hellenic Dynamics is capable of producing over 54,000 kg of dried
flowers per annum.
Hellenic Dynamics will take advantage of its relatively low cost
base resulting from a comparatively low cost of power, having its
own running water supply and the labour rates for skilled and
semi-skilled labour in Northern Greece.
25 European countries now allow medical cannabis via
prescription and the European cannabis market is expected to reach
EUR43.3 billion per annum by 2027. Sales of Hellenic Dynamics'
dried THC-dominant cannabis flowers and extracts are initially
intended for export into Europe's largest market - Germany, in
addition to other European markets including domestically in
Greece.
As the first medical cannabis cultivator to obtain a listing on
the main market for listed securities of the London Stock Exchange,
Hellenic is significantly different to the number of CBD
(Cannabidiol) related companies that have appeared over the recent
years. Hellenic Dynamics cultivates THC-dominant medical cannabis
flowers. THC-dominant medical cannabis products are only available
via a medical prescription. Medicinal cannabis has been approved
for use both in the United Kingdom and Germany, plus 23 other
European countries, for conditions including but not limited to
chronic pain, intractable chemotherapy-related nausea, anxiety,
insomnia, Tourette's syndrome, substance use disorder, multiple
sclerosis, IBS, spinal cord treatment, lack of appetite due to
HIV/AIDS, cachexia, anorexia and glaucoma.
For further information please visit our website
www.hellenicdynamics.com
Caution regarding forward looking statements
Certain statements in this announcement, are, or may be deemed
to be, forward looking statements. Forward looking statements are
identi ed by their use of terms and phrases such as "believe",
"could", "should" "envisage", "estimate", "intend", "may", "plan",
"potentially", "expect", "will" or the negative of those,
variations or comparable expressions, including references to
assumptions. These forward-looking statements are not based on
historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of
operations, performance, future capital and other expenditures
(including the amount, nature and sources of funding thereof),
competitive advantages, business prospects and opportunities. Such
forward looking statements re ect the Directors' current beliefs
and assumptions and are based on information currently available to
the Directors.
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END
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November 17, 2023 02:00 ET (07:00 GMT)
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