IamFire plc
AQSE: FIRE
(“IamFire plc” or
the “Company”)
Fundraising of
£4,750,000
Issuance of
Warrants to Directors and Advisors
Total Voting
Rights
Particulars of the RIS
- The Equity Financing
- Director Warrants
3. Admission and
Total Voting Rights
4. Change of
Registered Office
- Equity Financing
IamFire plc is pleased to announce that it has raised
£4,750,000 before expenses through a placing (the “Placing”) of
158,333,333 new ordinary shares of 0.25 p each at 3
pence per share (the “Placing Shares”), conditional upon
admission of the Placing Shares to trading on AQSE Growth
Market.
Alongside each Placing Share subscribed, subscribers will
receive warrants to subscribe for one additional new ordinary
share, exercisable at 10 pence per share, with a life to
expiry ending 6 months after the date of admission of the Placing
Shares to AQSE Growth Market of the Placing Shares.
IamFire plc has also granted 10,000,000 warrants with
a strike price of 3p per ordinary share and a life to expiry of 5
years from admission of the Placing Shares as part of the
consideration, in relation to the Placing, to certain advisors.
2. Directors’ Warrants
The Board has granted its Directors with a total of 10,000,000
warrants to subscribe for one ordinary share each in the
Company. The warrants will be exercisable at a price of
3 pence per share and shall have a
life expiry of 5 years from admission to AQSE Growth Market of the
Placing Shares. The warrants have been issued to the
following Directors:
Sandy Barblett (Non-Executive Chairman) – 4,000,000
John Taylor (Executive Director)
– 4,000,000
Fiona Wilmot (Non-Executive
Director) – 2,000,000
The granting of all of the above warrants is conditional on
admission to trading of the Placing Shares.
3. Admission of
Shares and Enlarged Voting Rights
Application will be made for the Placing Shares be admitted to
trading on AQSE Growth Market and this is expected to occur on or
around Friday 17th December
2021. No application shall be made to admit the warrants
being issued to trading on AQSE Growth Market or to any other forum
of quotation.
Following the admission of the 158,333,333 Placing Shares,
IamFire plc’s issued ordinary share capital shall consist of
205,347,350 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 Placing Shares shall
rank pari passu in all respects with the existing
ordinary shares of the Company.
4. Change of
Registered Office
With effect from 6 December, the Company has changed its
registered office to Hyde Park House, 5 Manfred Road, London SW15 2RS.
London, 14 December
2021
The Directors of the Company, who have
issued this RIS announcement after due and careful enquiry, accept
responsibility for its content.
REGULATORY ANNOUNCEMENT ENDS
Enquiries:
Company:
John Taylor (Executive Director)
info@iamfireplc.com
Sandy Barblett (Non-Executive Chairman)
Peterhouse Capital Limited
Corporate Advisor :
Guy Miller: + 44 (0) 20 7469 0930
(Direct)
Corporate Broker:
Lucy Williams: +44 (0) 20 7469
0930
Duncan Vasey: +44 (0) 20 7220 9797
(Direct)