Pineapple Power Corporation PLC Exercise of Warrants (9377N)
04 Febrero 2021 - 1:00AM
UK Regulatory
TIDMPNPL
RNS Number : 9377N
Pineapple Power Corporation PLC
04 February 2021
Press Release
4(th) February 2021
Pineapple Power Corporation PLC
('PNPL' or 'The Company')
Exercise of Warrants
Pineapple Power Corporation PLC, trading on the London Stock
Exchange under the symbol PNPL, is pleased to announce that the
Company has received notice of the exercise of broker warrants
("Warrants") over ordinary shares of GBP0.01 each in the capital of
the Company ("Ordinary Shares"). These exercise notices relate to
Warrants granted in connection with the Company's Initial Public
Offering, admission to the Official List and to trading on the Main
Market.
As a result of the exercise of the Warrants, the Company has
issued in aggregate a further 387,667 new Ordinary Shares to the
holders of the Warrants. These Ordinary Shares were issued at the
exercise price of GBP0.05 per share. The aggregate gross proceeds
to the Company from this option exercise is GBP19,383.35.
Application will be made for the new Ordinary Shares to be
admitted to the standard segment of the Official List and to
trading on the Main Market of the London Stock Exchange. Admission
is expected to occur at 8:00 a.m. on 9th February 2021. The new
Ordinary Shares will rank pari passu with the existing Ordinary
Shares of the Company.
Following Admission, the total number of Ordinary Shares in
issue will be 59,736,211 and the total number of voting rights will
therefore be 59,736,211. This figure may be used by shareholders 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 share capital of the Company under the FCA's
Disclosure and Transparency Rules.
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
Company Highlights
Pineapple Power Corporation PLC was formed as a special purpose
acquisition company with the intention to acquire renewable or
clean energy technology companies and to finance, develop and
promote those environmentally sound projects internationally.
The Company believes that, due to the highly visible global
concerns regarding environmental damage and climate change as a
result of fossil-fuelled power generation, there exists
considerable commercial opportunities in the renewable and clean
energy sector which will play an increasingly significant role in
meeting future energy needs while reducing further environmental
damage.
Clean energy investment globally has grown in real and relative
terms. It is this opportunity which Pineapple Power intends to
participate in and augment as a fund-raising vehicle for
enterprises seeking access to international capital markets.
For further information please contact:
Pineapple Power Corporation PLC
Claudio Morandi - Director +44 203 039 3913
Clive de Larrabeiti
Corporate Finance Advisor
clive.d.l@pineapple-powercorp.com +44 797 317 7973
-------------------
Joint Corporate Broker
Peterhouse Capital
Charles Goodfellow
cg@peterhousecap.com
+44 207 220 9791
Joint Corporate Broker
Axis Capital Markets
Richard Hutchison
rh@axcap247.com +44 203 026 0320
-------------------
Media Relations
David Burton
Total Market Solutions
davidburton.tms@gmail.com
Tancredi Intelligent Communications
Salamander Davoudi
salamander@tancredigroup.com
Helen Humphrey +44 795 754 9906
helen@tancredigroup.com +44 744 922 6720
-------------------
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