Sosandar PLC Exercise of Warrants and Total Voting Rights (1828W)
20 December 2021 - 7:59PM
UK Regulatory
TIDMSOS
RNS Number : 1828W
Sosandar PLC
20 December 2021
20 December 2021
Sosandar plc
("Sosandar" or the "Company")
Exercise of Warrants and Total Voting Rights
Sosandar, the online women's fashion brand, announces that it
has received notice of exercise from a warrant holder in respect of
warrants over 300,000 ordinary shares of 0.1 pence each ("Ordinary
Shares") at an exercise price of 15.1p per share granted at the
time of the Company's IPO in 2017. Application has been made for
the 300,000 new Ordinary Shares to be admitted to trading on AIM
("Admission") which is expected to take place on or around 22
December 2021.
Total Voting rights
Immediately following Admission, the Company's issued share
capital is expected to comprise 221,408,332 Ordinary Shares. Each
Ordinary Share has one voting right. No Ordinary Shares are held in
treasury. Accordingly, immediately following Admission, the total
number of voting rights will be 221,408,332.
From Admission, this figure may be used by shareholders as the
denominator for the calculation 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 Guidance and
Transparency Rules.
Enquiries
Sosandar plc www.sosandar.com
Steve Dilks, CFO c/o Alma PR
Singer Capital Markets (Nominated Adviser
& Broker)
Peter Steel / Tom Salvesen / Kailey Aliyar +44 (0) 20 7496 3000
Alma PR Limited (Financial PR) +44 (0) 20 3405 0205
Susie Hudson / Sam Modlin / Molly Gretton sosandar@almapr.co.uk
About Sosandar PLC
Sosandar is an online womenswear brand, specifically targeted at
a generation of women who have graduated from throwaway fashion and
are looking for quality, affordable clothing with a premium,
trend-led aesthetic. This is a section of the market that is
currently being underserved.
Sosandar was launched in September 2016. The Sosandar business
model is built around using trend-led, exclusive designs produced
in-house and then manufactured using a variety of global suppliers.
Sosandar caters for a growing market of fashion-conscious women,
while utilising an outsourced logistics provider that can support
its planned growth over the coming years.
Sosandar's founders are Ali Hall and Julie Lavington, who
previously launched and ran high street fashion magazine Look, as
editor and publishing director respectively. They have a combined
experience of over 35 years in the fashion industry.
More information is available at www.sosandar-ir.com
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END
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