Kanabo Group PLC Exercise of Put Option (3376C)
21 Febrero 2022 - 11:30AM
UK Regulatory
TIDMKNB
RNS Number : 3376C
Kanabo Group PLC
21 February 2022
Kanabo Group Plc
("Kanabo" or the "Company")
Exercise of Put Option
Kanabo Group Plc (LSE:KNB) announces that pursuant to the
acquisition agreement of The GP Service (UK) Limited ("GP
Service"), it approved the execution and issue of a notice of
exercise of option to be issued to Atul Devani, Atul Suryakant
Devani MW Trustees Limited and Suleman Sacranie. As such the
consideration shares held by them in Kanabo's subsidiary, Kanabo GP
Limited, will be exchanged for new ordinary shares in the Company
(the "Option Exercise"). Both Atul Devani and Suleman Sacranie are
now employees in the Kanabo group of companies and are continuing
to manage the business of the GP Service.
Atul Devani will be issued with 9,599,108 new ordinary shares in
the Company, Atul Suryakant Devani MW Trustees Limited will be
issued with 1,052,122 new ordinary shares in the Company and
Suleman Sacranie will be issued with 10,651,230 new ordinary shares
in the Company (together the "Management Shares").
The Management Shares are subject to a lock-in arrangement for a
period of 36 months from the date of the acquisition of GP
Services.
Total Voting Rights
Application will be made for the Management Shares to be
admitted to the Standard List segment of the Official List and to
trading on the main market of the London Stock Exchange plc
("Admission"). It is expected that Admission will become effective
and that dealings in the Management Shares will commence at 8.00am
on or around 25 February 2022.
Following Admission, the total issued share capital of the
Company will consist of 422,625,238 Ordinary shares of 2.5 pence
each carrying the right to one vote. There are no shares currently
held in treasury. The total number of voting rights in the Company
will therefore be 422,625,238 and this figure may be used by
shareholders as the denominator for the calculations by which they
determine if they are required to notify their interest in, or a
change to their interest in, the Company under the Financial
Conduct Authority's Disclosure Rules and Transparency Rules.
For further information, please visit
http://www.kanabogroup.com/ or contact the following:
Kanabo Group Plc Via Vox Markets
Avihu Tamir, CEO
Peterhouse Capital Ltd (Financial Adviser) Tel: +44 (0)20 7469 0930
Eran Zucker / Lauren Riley
Peterhouse Capital Ltd (Corporate Broker) Tel: +44 (0)20 7469 0930
Lucy Williams / Charles Goodfellow / Duncan Vasey / Martin Lampshire
Vox Markets (Investor Relations) KanaboGroup@voxmarkets.co.uk
Kat Perez kperez@voxmarkets.co.uk
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
IOEEAXAFAFFAEFA
(END) Dow Jones Newswires
February 21, 2022 12:30 ET (17:30 GMT)
Kanabo (LSE:KNB)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Kanabo (LSE:KNB)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024