WCAP WeCap plc

 
TIDMFIRE 
 
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY IMAFIRE PLC TO 
CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION 
(EU) NO. 596/2014, AS AMENDED ("MAR"). ON THE PUBLICATION OF THIS ANNOUNCEMENT 
VIA A REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW 
CONSIDERED TO BE IN THE PUBLIC DOMAIN. 
 
                                  IamFire plc 
 
                                  AQSE: FIRE 
 
                       ("IamFire plc" or the "Company") 
 
                Placing and Subscription to raise £3.5 million 
 
                         Issue of Warrants to Advisors 
 
                              Total Voting Rights 
 
IamFire plc is pleased to announce that it has raised £3,500,000 before 
expenses through a placing ("Placing") and subscription ("Subscription") for an 
aggregate of 140,000,000 new ordinary shares of 0.25p each at 2.5 pence per 
share. 
 
In connection with the Placing, IamFire has entered into a Placing Agreement 
("Placing Agreement") with Tennyson Securities ("Tennyson") pursuant to which 
Tennyson has placed 58,000,000 New Ordinary Shares with institutional and other 
investors ("Placing Shares"). 
 
In addition, the Company has received applications to subscribe for a further 
82,000,000 New Ordinary Shares from a range of investors ("Subscription 
Shares"). 
 
The Placing and Subscription are conditional, inter alia, on admission of the 
Placing Shares and the Subscription Shares (together the "New Ordinary Shares") 
to trading on AQSE Growth Market ("Admission"). 
 
Application will be made for the New Ordinary Shares to be admitted to trading 
on the Access Segment of the AQSE Growth Market and this is expected to occur 
on or around 24 November 2022. 
 
Under the terms of the Placing Agreement IamFire plc has granted advisors 
7,832,800 warrants with an exercise price of 2.5p per ordinary share and a life 
to expiry of 5 years from the date of Admission. 
 
Total Voting Rights 
 
Following Admission of the New Ordinary Shares, IamFire plc's issued ordinary 
share capital will consist of 345,347,350 ordinary shares of 0.25 pence each. 
This number represents the total voting rights in the Company, and following 
Admission, may be used by shareholders as the denominator for the calculation 
by which they can 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 ("FCA") Disclosure and Transparency Rules. The New Ordinary Shares 
shall rank pari passu in all respects with the existing ordinary shares of the 
Company. 
 
The Directors of the Company accept responsibility for the contents of this 
announcement. 
 
ENDS 
 
Enquiries: 
 
Company: 
John Taylor 
info@iamfireplc.com 
 
 
Peterhouse Capital Limited (Corporate Advisor): 
Guy Miller: + 44 (0) 20 7469 0930 (Direct) 
 
Peterhouse Capital Limited (Corporate Broker): 
Corporate Broker 
Lucy Williams: +44 (0) 20 7469 0930 
Duncan Vasey: +44 (0) 20 7220 9797 (Direct) 
 
 
 
END 
 
 

(END) Dow Jones Newswires

November 18, 2022 11:54 ET (16:54 GMT)

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