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Pires Investments Plc announced on 30 June 2022 the exercise of a warrant for 4,122,251 ordinary shares at 4 pence per share, generating approximately £164,890 in proceeds. An application will be made for admission of these new shares to AIM around 6 July 2022, after which the company's enlarged issued share capital will comprise 170,456,642 ordinary shares.
| Date | 30 Jun 2022 |
| Time | 15:48:25 |
| Category | Capital structure |
| ID | 8904Q |
Pires Investments Plc
("Pires" or the "Company")
Exercise of Warrant
Pires Investments plc (AIM: PIRI), the investment company focused on next generation technology, announces that it has received notification for the exercise of warrant over 4,122,251 ordinary shares in the Company at an exercise price of 4 pence per share providing the Company with proceeds of approximately £164,890 ("Warrant Exercise").
An application will be made to the London Stock Exchange to admit the 4,122,251 new ordinary shares resulting from the Warrant Exercise to trading on AIM. Admission of the new ordinary shares is expected to occur on or around 6 July 2022 ("Admission"). The new ordinary shares will rank pari passu with the existing ordinary shares.
For the purpose of the Disclosure and Transparency Rules, following Admission the enlarged issued share capital of the Company will comprise 170,456,642 ordinary shares of 0.25 pence each. The Company does not hold any shares in the treasury. 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 to their interest in, the Company, under the Disclosure and Transparency Rules.
This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.
For further information please contact:
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Pires Investments plc Nicholas Lee, Director
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Tel: +44 (0) 20 3368 8961
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Nominated Adviser Cairn Financial Advisers LLP Liam Murray/Ludovico Lazzaretti
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Tel: +44 (0) 20 7213 0880 |
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Joint Broker Peterhouse Capital Limited Duncan Vasey/Lucy Williams
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Tel: +44 (0) 20 7469 0935 Tel: +44 (0) 20 7469 0936 |
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Joint Broker Tennyson Securities Peter Krens |
Tel: +44 (0) 20 3167 7221
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Financial media and PR Yellow Jersey Sarah Hollins Henry Wilkinson Annabelle Wills |
Tel: +44 (0) 20 3004 9512
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Notes to Editors
About Pires Investments plc
Pires Investments plc (AIM: PIRI) is an investment company providing investors with access to a portfolio of next generation technology businesses with significant growth potential.
The Company is building an investment portfolio of high-tech businesses across areas such as Artificial Intelligence, Internet of Things, Cyber Security, Machine Learning, Immersive Technologies and Big Data, which the Board believes demonstrate evidence of traction and the potential for exponential growth, due to increasing global demand for development in these sectors.
For further information, visit: https://piresinvestments.com/.