THE INFORMATION
CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY 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
(To be renamed WeCap
plc)
("Company")
Placing and Subscription to raise £1.0 million
from Existing and New Investors
Total Voting
Rights
The Company is pleased to announce that it has
raised £1,000,000 before expenses through a placing ("Placing") and
subscription ("Subscription") for an aggregate of 66,666,667 new
ordinary shares of 0.25p each at 1.5
pence per share.
In connection with the Placing, the Company has
entered into a Placing Agreement ("Placing Agreement") with
Tennyson Securities ("Tennyson") pursuant to which Tennyson has
placed 60,496,667 New Ordinary Shares with institutional and other
investors ("Placing Shares").
In addition, the Company has received applications
to subscribe for a further 6,170,000 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 the Aquis
Growth Market ("Admission").
Application will be made for the New Ordinary
Shares to be admitted to trading on the access segment of the Aquis
Growth Market and this is expected to occur on or around
18 December
2023.
Under the terms of the Placing Agreement, the
Company has granted advisors 4,000,000 broker warrants with an
exercise price of 1.5p 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 plc's issued ordinary share capital will consist of
412,014,017 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:
info@iamfireplc.com
Corporate
Advisor:
Peterhouse Capital Limited
Guy Miller/Narisha
Ragoonanthun: + 44 (0) 20 7469 0930
(Direct)
Corporate
Broker:
Tennyson Securities
Limited
Peter Krens: +44 (0)
20 7186 9033 (Direct)