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Intuitive Investments Group plc raised £1.56 million through the issue and allotment of 1,300,000 ordinary shares at a price of £1.20 per share. Non-Executive Director Malcolm Gillies subscribed for 33,330 new ordinary shares, taking his total beneficial interest to 178,568 shares, representing 0.09% of the company's issued share capital. Admission of these new shares is expected on or around 7 March 2025, resulting in a total issued share capital of 208,218,006 ordinary shares.
| Date | 6 Mar 2025 |
| Time | 12:00:00 |
| Category | Miscellaneous |
| ID | 6791Z |
6 March 2025
Intuitive Investments Group plc
Equity fundraise of £1.56 million
Funds to support acceleration of Hui 10 roll out in China
Intuitive Investments Group plc (SFS: IIG) ("IIG" or the "Company"), a closed-end investment company focused on high-growth opportunities in the technology and life sciences sectors, is pleased to announce is has raised £1.56 million by the issue and allotment of 1,300,000 ordinary shares of 10 pence each ("Ordinary Shares"), fully paid. These Ordinary Shares will be issued for cash at a price of £1.20 per share. The proceeds of the issue will be invested in Hui 10 Inc. ("Hui 10") to accelerate the rollout of Hui 10's products and services in China
As part of the fund raise Malcolm Gillies, Non-Executive Director of IIG has subscribed for 33,330 new Ordinary Shares, taking his total beneficial interest to 178,568, representing 0.09% of the Company's issued share capital, post admission of the new Ordinary Shares.
Application has been made for the new Ordinary Shares, which will rank equally with the existing Ordinary Shares of the Company, to be admitted to trading on Specialist Fund Segment of the Main Market, becoming effective in accordance with the admission and disclosure standards of the London Stock Exchange. It is expected that admission will become effective and dealings in new Ordinary Shares will commence at 8:00 a.m. on or around 7 March 2025 ("Admission").
Following Admission, the Company's issued share capital will consist of 208,218,006 Ordinary Shares. Since the Company currently holds no shares in treasury, the total number of voting rights in the Company will be 208,218,006. Shareholders may use this figure 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 Guidance and Transparency Rules.
Enquiries:
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Intuitive Investments Group plc Sir Nigel Rudd, Non-Executive Chairman Robert Naylor, CEO Giles Willits, CIO
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Via FTI Consulting |
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Zeus Nick Cowles / Graeme Summers |
+44 (0)20 3829 5000 |
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FTI Consulting Jamie Ricketts / Valerija Cymbal / Jemima Gurney |
+44 (0)20 3727 1000 |
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Malcolm Gillies |
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Reason for the notification
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a)
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Position/status
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Non-Executive Director |
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b)
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Initial notification /Amendment
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Initial Notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Intuitive Investments Group plc |
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b)
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LEI
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2138004A32UIY92WWR66 |
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
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a)
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Description of the financial instrument, type of instrument |
Ordinary shares of 10 pence each |
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Identification code |
GB00BPTH6Y20 |
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b)
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Nature of the transaction
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Subscription of shares |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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£1.20 |
33,330 |
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d)
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Aggregated information |
N/A single transaction |
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- Aggregated volume |
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- Price |
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e)
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Date of the transaction
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7 March 2025 |
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f)
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Place of the transaction
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London Stock Exchange |
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About Intuitive Investments Group plc
IIG is an investment company seeking to provide investors with exposure to a portfolio concentrating on fast growing, high potential Technology and Life Sciences businesses operating predominantly in the UK, continental Europe, the US and APAC, utilising the Board's experience to seek to generate capital growth over the long term for shareholders.
About Hui10
Hui10 is a technology company with interests in two operating businesses, Huishi Dehua and Huishi Chunyuan ('Lucky World'), involved in the digital transformation of the Chinese lottery. Huishi Dehua enables the market expansion of the Chinese lottery through its proprietary technology platform. Huishi Dehua is integrated into China's national card settlement system and payment platform, UnionPay. Hui10 holds a 33% share in Huishi Dehua. Lucky World is an ecommerce platform which provides China's existing lottery shops access to a wider fast-moving consumer goods product offering. Hui10 owns 60% of Lucky World.