Fitbug Holdings PLC Completion of Placing (0173V)
25 January 2017 - 6:00PM
UK Regulatory
TIDMFITB
RNS Number : 0173V
Fitbug Holdings PLC
25 January 2017
Fitbug Holdings Plc / Epic: FITB.L / Index: AIM / Sector:
Leisure
RNS announcement:
25 January 2017
FITBUG HOLDINGS PLC ('FITBUG' OR 'THE COMPANY')
Completion of placing
Fitbug Holdings Plc, the AIM quoted digital wellness technology
provider for corporate organisations, is pleased to announce that
it has successfully completed, subject only to Admission, a cash
placing to raise GBP1,000,000 (before costs) from the issue of
500,000,000 new ordinary shares of 0.1p each ("New Ordinary
Shares") at a subscription price of 0.2 pence per share (the
"Placing").
Application will be made to admit the New Ordinary Shares to
trading on AIM. Admission is expected to take place on 2 February
2017.
The Company intends to use the funds raised from the Placing for
general corporate purposes.
Following Admission the total issued share capital of the
Company will consist of 1,731,366,968 ordinary shares. As such the
total number of voting rights in the Company will be 1,731,366,968
ordinary shares. This number 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 Company under the FCA's Disclosure and
Transparency Rules.
Fitbug CEO Anna Gudmundson said: "We are pleased to have raised
these additional funds at this time. We have made good progress
with the development and sales of our digital wellness programmes
in pursuit of our service based strategy to focus on corporate
wellness. We believe that our prospects for 2017 are positive and
we are now looking for opportunities to accelerate our growth
strategy."
The information communicated in this announcement contains
inside information for the purposes of Article 7 of Regulation
596/2014.
**ENDS**
For further information visit www.fitbugholdings.com
Contact:
Anna Gudmundson Fitbug Holdings
/ Donald Stewart Plc 020 7449 4949
SPARK Advisory
Mark Brady / Neil Partners Limited
Baldwin (Nominated Advisor) 020 3368 3551
Claire Louise Noyce
/ William Lynne Hybridan LLP,
/ Niall Pearson Broker 020 3764 2341
T/F/D, Public
Stephanie Forrest Relations 07917 695755
Notes
About Fitbug(R)
Fitbug provides digital wellness solutions that empower
employers to create a positive culture of health within their
organisation. By helping employees to embrace a healthier way of
living, Fitbug can help maximise performance, reduce absenteeism,
decrease the risk of chronic illness, and lower healthcare
costs.
The Company's technological edge allows it to address holistic
wellness by engaging both individuals and teams through
intelligent, personalised interaction and gamification. This is an
opportunity to make incremental behavioural changes that will last
a lifetime. The progress of individuals translates to actionable
data, meaningful reporting and insights that allow the organisation
to monitor the impact of the programme and to refine it in order to
achieve success.
Fitbug's shares are quoted on the London Stock Exchange AIM
market under ticker FITB.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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