Kanabo Group PLC Issue of Equity (2614Y)
11 May 2021 - 10:09PM
UK Regulatory
TIDMKNB
RNS Number : 2614Y
Kanabo Group PLC
11 May 2021
11 May 2021
Kanabo Group Plc
("Kanabo" or the "Company")
Issue of Equity
Kanabo Group Plc (LSE:KNB) announces that it has received
notices to exercise warrants over 615,000 new ordinary shares of
2.5 pence each in the share capital of the Company (the "Warrant
Shares")
The Warrant Shares are being issued pursuant to the exercise of
warrants described in the prospectus published 29 January 2021 and
granted on the admission to trading of the Company on 16 February
2021. The price per warrant is 10p and subscription monies of
GBP61,500 have been received by the Company in respect of these
exercises.
Total Voting Rights
Application will be made for the Warrant Shares to be admitted
to the Standard List segment of the Official List and to trading on
the main market of the London Stock Exchange plc ("Admission"). It
is expected that Admission will become effective and that dealings
in the Warrant Shares will commence at 8.00am on or around 12 May
2021.
Following Admission, the total issued share capital of the
Company will consist of 363,820,429 Ordinary shares of 2.5 pence
each carrying the right to one vote. There are no shares currently
held in treasury. The total number of voting rights in the Company
will therefore be 363,820,429 and this figure may be used by
shareholders as the denominator for the calculations by which they
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 Disclosure Rules and Transparency Rules.
For further information, please visit
http://www.kanabogroup.com/ or contact the following:
Kanabo Group Plc
Tel: +(972)52-3173-633
press@kanabogroup.com
Meirav Horn
Peterhouse Capital Limited (Financial Adviser)
Tel: +44 (0)20 7469 0930
Eran Zucker / Guy Miller / Allie Feuerlein
Peterhouse Capital Limited (Corporate Broker)
Lucy Williams / Charles Goodfellow
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END
IOEUARURAVUVAAR
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May 11, 2021 08:09 ET (12:09 GMT)
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