THIS
ANNOUNCEMENT CONTAINS INSIDER INFORMATION
Pensana
Plc
("Pensana"
or
the
"Company")
Issue
of Equity
Pensana
announces that the Board has today agreed to issue, subject to
admission of the shares to the Official List and trading on the
London Stock Exchange ("LSE"), a total of 2,098,223 new ordinary
shares of £0.001 each ("New Ordinary Shares").
The issue
relates to:
-
Settlement
of the amount of USD 550,000 due to
one of the Company's major onsite contractors, which has indicated
its preference for shares to be issued in settlement. The Company
intends to settle the amount due by the issue to the contractor
of 1,850,723
ordinary
shares.
-
Settlement
of the amount due to the Finance Director, Mr Rob Kaplan, following working capital support
provided to the Company by Mr Kaplan in the amount of GBP 52,376 whilst
the Company finalises its main fundraising for the Longonjo
project. To avoid incurring interest costs, the Company wishes to
settle the ensuing amount due to Mr Kaplan as soon as possible and
intends to do so by the issue to the Mr Kaplan of 247,500 ordinary
shares.
Accordingly,
application has been made for the 2,098,223
New
Ordinary Shares to be admitted to the Official List and to trading
on the Main Market of the LSE and Admission is expected to occur on
or about 08:00 on 3 March 2025. These
shares rank pari
passu with the
existing Ordinary Shares in issue.
Following
this issue, the Company's issued share capital consists of
292,371,096 Ordinary Shares. No shares are held in treasury.
Therefore, the total number of voting rights of the Company is
292,371,096.
The above
figure 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 in their interest in, the
Company under the Financial Conduct Authority's Disclosure and
Transparency Rules.
The
information contained within this announcement is considered by the
Company to constitute inside information as stipulated under the
Market Abuse Regulations (EU) No.596/2014. Upon the publication of
this announcement via a Regulatory Information Service, this inside
information will be considered to be in the public domain. The
person responsible for arranging for the release of this
announcement on behalf of the Company is
Paul Atherley,
Chairman.
-
ENDS
-
For
further information, please contact:
Shareholder/analyst
enquiries:
Pensana
Plc
Paul Atherley, Chairman IR@pensana.co.uk
Tim George, Chief Executive Officer
Rob Kaplan, Chief Financial Officer
