t
MicroSalt Plc announced that certain Directors and PDMRs have conditionally subscribed for an aggregate of 1,079,466 shares at an Issue Price of 14 pence per Ordinary Share. This action raises gross proceeds of approximately £151,000 / US$202,000, with 1,079,466 Fundraising Warrants attached, each exercisable at 14 pence. The subscription is conditional on shareholder approval at a General Meeting on 2 October 2026, and Admission is expected on 5 October 2026.
| Date | 30 Sept 2026 |
| Time | 07:32:26 |
| Category | Director/PDMR dealings |
| ID | 9435W |
MicroSalt Plc
("MicroSalt" or the "Company")
Result of Director Subscription
MicroSalt (AIM: SALT), a leading manufacturer of full-flavour natural salt containing approximately 50% less sodium, following its Result of Subscription announcement released on 24 September 2026, is pleased to announce that certain Directors and PDMRs have conditionally subscribed for, in aggregate, 1,079,466 Director Subscription Shares at the Issue Price of 14 pence per Ordinary Share, raising gross proceeds of approximately £151,000 / US$202,000 (before expenses).
On issue, each Director Subscription Share will have one Fundraising Warrant attached, in aggregate, 1,079,466, on the same terms as those attached to the Subscription Shares and Retail Offer Shares. Each Fundraising Warrant conditionally entitles the holder to subscribe for one Warrant Share at an exercise price of 14 pence.
The Director Subscription is conditional on, among other things, shareholders approving the Resolutions at the General Meeting to be held at 11:00 a.m. on 2 October 2026, and on Admission. Admission of the Fundraising Shares to trading on AIM is expected to become effective, and dealings are expected to begin, at 8:00 a.m. on 5 October 2026.
|
Name |
Position |
Subscription Shares |
Subscription Amount |
Fundraising Warrants |
Resulting shareholding on Admission |
% of Enlarged Share Capital* |
|
Judith Batchelar |
Chair |
214,286 |
£30,000.04 |
214,286 |
329,532 |
0.42% |
|
Gary Urmston |
Interim CFO |
357,143 |
£50,000.02 |
357,143 |
472,389 |
0.60% |
|
Javier Contreras |
PDMR |
267,523 |
£37,453.22 |
267,523 |
323,807 |
0.41% |
|
Mario Habre |
PDMR |
160,514 |
£22,471.96 |
160,514 |
160,514 |
0.21% |
|
Dan Emery |
NED |
80,000 |
£11,200.00 |
80,000 |
102,222 |
0.13% |
|
Total |
|
1,079,466 |
£151,125.24 |
1,079,466 |
|
|
*Based on the expected total shares in issue of 78,202,719 following Admission.
Capitalised terms used but not defined in this announcement have the meanings given to them in the Company's announcement released at on 16 September 2026.
For further information, please contact:
|
MicroSalt plc |
Via Gracechurch Group |
|
Rick Guiney, CEO Gary Urmston, Interim CFO |
|
|
|
|
|
Zeus (Nominated adviser and broker) David Foreman / Ed Beddows (Investment Banking) Nick Searle (Head of Equity Capital Markets) |
+44 (0)20 3829 5000 |
|
|
|
|
Gracechurch Group (Financial PR) |
+44 (0)20 4582 3500 |
|
Heather Armstrong, Alexis Gore, Rebecca Scott |
|
Further information on the Company can be found on its website at: www.microsaltinc.com
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name: |
1) Judith Batchelar 2) Gary Urmston 3) Javier Contreras 4) Mario Habre 5) Dan Emery |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/Status:
|
1) Chair 2) Interim CFO 3) PDMR 4) PDMR 5) NED |
||||
|
b) |
Initial Notification/Amendment:
|
Initial Notification |
||||
|
3 |
Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name: |
MicroSalt plc |
||||
|
b) |
LEI: |
|
||||
|
4. |
Details of 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. |
|||||
|
a) |
Description of the financial instrument:
Identification code: |
Ordinary shares of GBP0.001625
GB00BQB6FF85 |
||||
|
b) |
Nature of the transaction:
|
Share Purchase |
||||
|
c) |
Price(s) and volume(s): |
Price(s) 1) 14p 2) 14p 3) 14p 4) 14p 5) 14p |
Share volume(s) 1) 214,286 2) 357,143 3) 267,523 4) 160,514 5) 80,000 |
Warrant volume(s) 1) 214,286 2) 357,143 3) 267,523 4) 160,514 5) 80,000 |
||
|
|
||||||
|
d) |
Aggregated volume: Price: |
1,079,466 shares at 14p 1,079,466 warrants at 14p |
||||
|
e) |
Date of the Transaction: |
2 October 2026 |
||||
|
f) |
Place of the Transaction: |
London Stock Exchange AIMX |
||||