TIDMKNB

RNS Number : 4898C

Kanabo Group PLC

23 February 2022

Kanabo Group Plc

("Kanabo" or the "Company")

Block Listing Six Monthly Return

Lapse of Warrants

Extension of Warrants

Kanabo Group Plc (LSE:KNB) announces that 8,277,344 RTO warrants (exercisable at 10p) have been exercised since the Company's IPO in February last year. This means that the Company received an additional GBP827,734.

3,493,937 RTO warrants have now lapsed with effect from 16 February 2022.

Kanabo makes the following notification pursuant to its existing block admission.

 
 Name of applicant:                                 Kanabo Group Plc 
 Name of scheme:                                    SOP RTO Warrants 
                                                   ------------------------------------------------------------------- 
 Period of return:         From:                    22/1/22                   To:               16/2/22 
                          -----------------------  ------------------------  ----------------  ----------------------- 
 Balance of unallotted securities under scheme(s) 
  from previous return:                             9,558,672 
                                                   ------------------------------------------------------------------- 
 Plus: The amount by which the block scheme(s) 
  has been increased since the date of the last 
  return (if any increase has been applied for):    0 
                                                   ------------------------------------------------------------------- 
 Less: Number of securities issued/allotted under 
  scheme(s) during period (see LR3.5.7G):           3,135,961 
                                                   ------------------------------------------------------------------- 
 Equals: Balance under scheme(s) not yet            6,422,711 
  issued/allotted at end of period:                 (These remaining warrants have now lapsed with the exception of 
                                                    2,928,779 details can be found 
                                                    below) 
                                                   ------------------------------------------------------------------- 
 
 
 
 Name of applicant:                                                                   Kanabo Group Plc 
 Name of scheme:                                                                      SOP RTO Warrants 
                                                                                     --------------------------------- 
 Period of return:                                           From:                    22/7/21      To:    22/1/22 
                                                            -----------------------  -----------  -----  ------------- 
 Balance of unallotted securities under scheme(s) from previous return:               10,953,547 
                                                                                     --------------------------------- 
 Plus: The amount by which the block scheme(s) has been increased since the date of 
  the last 
  return (if any increase has been applied for):                                      0 
                                                                                     --------------------------------- 
 Less: Number of securities issued/allotted under scheme(s) during period (see 
  LR3.5.7G):                                                                          1,394,875 
                                                                                     --------------------------------- 
 Equals: Balance under scheme(s) not yet issued/allotted at end of period:            9,558,672 
                                                                                     --------------------------------- 
 
 
 
 Name of contact:                Peterhouse Capital 
 Telephone number of contact:    +44 (0) 20 7469 0932 
                                --------------------- 
 

The Company confirms that the effective expiry date of 2,928,779 RTO warrants has been extended from 16 February 2022 until 15 May 2022, in accordance with the terms of the corresponding warrant instrument as they apply to PDMRs and other insiders. As was foreseen when the warrant instrument was prepared, the Company is in a closed period in the lead-up to the original expiry date of the warrants.

For further information, please visit http://www.kanabogroup.com / or contact the following:

 
 Kanabo Group Plc                    Via Vox Markets 
 Meirav Horn, CFO 
 Peterhouse Capital Ltd (Financial   Tel: +44 (0)20 7469 0930 
  Adviser) 
 Eran Zucker / Guy Miller 
 Peterhouse Capital Ltd (Corporate   Tel: +44 (0)20 7469 0930 
  Broker) 
 Lucy Williams / Charles Goodfellow 
 Vox Markets (Investor Relations)    KanaboGroup@voxmarkets.co.uk 
 Kat Perez                           kperez@voxmarkets.co.uk 
 

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END

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February 23, 2022 02:01 ET (07:01 GMT)

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