28 June
2024
Nightcap
plc
("Nightcap " or the
"Company")
Update on
fundraising
Management Change
Total
Voting Rights
Further to the Company's previous
announcements including the announcement made on 28 June 2024,
Nightcap, the owner and operator of 46 premium bars,
announces that application
has been made to the London Stock Exchange for the
30,000,000 new ordinary shares of 1p each (the
"Subscription Shares") to
be admitted to trading on AIM ("Admission"). The Subscription Shares
have been subscribed for at an issue price of five pence per share
to raise gross proceeds of £1.5 million.
It is anticipated that Admission
will occur, and dealings will commence in the Subscription Shares
at 8:00 a.m. on or around 1 July 2024.
The Subscription Shares will rank
pari passu in all respects
with the existing ordinary shares of 1p each (the "Ordinary Shares") of the Company and
therefore will rank equally for all dividends or other
distributions declared, made or paid after their issue.
Further to the Company's
announcement on 12 June 2024, the Company continues to expect the
settlement and completion of the separate tranche of the
fundraising, being a subscription for 15,000,000 new Ordinary
Shares at an issue price of five pence per share, to occur on or
before 2 September 2024. Further announcements will be made in
relation to this process as appropriate.
Management Change
The Company announces that with the
announcement of the Company's proposed cancellation of its ordinary
shares to trading on AIM ("Proposed Cancellation"), Richard Haley
has today concluded his temporary role as Interim Chief Financial
Officer (non-board capacity). Subject to the requisite shareholder
approval at a general meeting of the Company being convened on 17
July 2024, it is anticipated that the Proposed Cancellation will
become effective at 7.00 a.m. on 29 July 2024. Further details
regarding the Proposed Cancellation were announced by the Company
at 7.00 a.m. today, 28 June 2024.
Total Voting Rights
Following the issue and Admission of
the Subscription Shares, the Company's enlarged issued ordinary
share capital will comprise 264,550,656 Ordinary Shares with one
voting right per share. The Company does not hold any Ordinary
Shares in treasury. Therefore, following the issue and Admission of
the Subscription Shares the total number of Ordinary Shares in the
Company with voting rights will be 264,550,656.
Contacts:
|
Nightcap plc
Sarah Willingham / Gareth
Edwards
|
email@nightcapplc.com
|
|
Allenby Capital Limited (Financial Adviser, Nominated Adviser
and Broker)
Nick Naylor / Alex Brearley / Piers
Shimwell (Corporate Finance)
Jos Pinnington / Amrit Nahal / Tony
Quirke (Sales and Corporate Broking)
|
+44 (0) 20 3328 5656
www.allenbycapital.com
|
|
Bright Star Digital (PR)
Pam Lyddon
|
https://www.brightstardigital.co.uk/
+44 (0) 7534 500 829
pamlyddon@brightstardigital.co.uk
|