THIS
ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF
REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS
2019/310
21
February 2024
Sabien
Technology Group plc
("Sabien" or the "Company")
Result of Broker
Option,
Issue of Equity and Total
Voting Rights
Sabien Technology Group plc
(AIM:SNT), the company focused on a green aggregation strategy, is
pleased to announce the result of the Broker Option that was
originally announced on 19 February 2024 alongside the subscription
agreement with Richard Parris, Executive Chairman and CEO of
Sabien.
The Company's broker, Peterhouse
Capital Limited ("Peterhouse
Capital"), has informed the Company that it has exercised
its Broker Option in respect of 1,000,000 new ordinary shares of 3
pence each in the Company ("Ordinary Shares") (together the
"Broker Option
Shares").
The Broker Option Shares will be
issued at 8.0p per
new Ordinary Share (the "Issue
Price"), resulting in gross proceeds of £80,000.00 being
raised. Related to this and as announced on 20 February 2024,
£40,000.00 has been raised by the Company through the subscription
of 500,000 new Ordinary Shares (the "Subscription Shares") at the Issue
Price by Richard Parris (the "Subscription" and together with the
Broker Option, the "Fundraise"). This brings the total
amount raised under the Fundraise to £120,000.00 (before
expenses).
Following the issues of the Broker
Option Shares Richard Parris' shareholding will represent 21.91% of
the issued share capital of the Company.
Admission to AIM
Application has been made to London
Stock Exchange plc for 1,000,000 Broker Option Shares and 500,000
Subscription Shares to be admitted to trading on AIM ("Admission"). It is currently
anticipated that Admission will become effective and that dealings
in the 1,500,000 new Ordinary Shares will commence on AIM at 8.00
a.m. on or around 27 February 2024.
Total voting rights
On Admission, the Company will have
23,195,168 ordinary shares of 3p each in issue, each with one
voting right. There are no shares held in treasury. Therefore, upon
Admission, the Company's total number of ordinary shares in issue
and voting rights will be 23,195,168 and this figure may be used by
shareholders from Admission 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 FCA's Disclosure Guidance and Transparency Rules.
For
Further Information:
Sabien Technology Group plc
Richard Parris, Executive
Chairman
+44 20 7993 3700
Scott Fulton, Investor
Relations
scott.fulton@sabien.com
Allenby Capital Limited (Nominated Adviser)
John Depasquale / Nick Harriss /
Vivek Bhardwaj
+44 203 328 5656
Peterhouse Capital Limited (Broker)
Duncan Vasey / Lucy
Williams
+44 207 469 0930