TIDMPIRI

RNS Number : 5419X

Pires Investments PLC

01 September 2020

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 a warrant over 1,000,000 ordinary shares in the Company at an exercise price of 4 pence per share providing the Company with proceeds of GBP40,000 ("Warrant Exercise").

Application will be made to the London Stock Exchange to admit the 1,000,000 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 4 September 2020. The new ordinary shares will rank pari passu with the existing ordinary shares.

For the purpose of the Disclosure and Transparency Rules, following the issue of shares detailed above the enlarged issued share capital of the Company will comprise 120,472,465 ordinary shares of 0.25 pence each. The Company does not hold any shares in 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 Article 7 of EU Regulation 596/2014.

Enquiries:

 
 Pires Investments plc 
  Peter Redmond, Chairman             Tel: +44 (0) 20 3368 8961 
  Nicholas Lee, Director 
 
 Nominated Adviser 
  Cairn Financial Advisers LLP        Tel: +44 (0) 20 7213 0880 
  Liam Murray/Ludovico Lazzaretti 
 Joint broker 
  Peterhouse Capital Limited          Tel: +44 (0) 20 7469 0935 
  Lucy Williams/Duncan Vasey 
 
 
 Joint broker 
  Mirabaud Securities Limited     Tel: +44 (0) 20 3167 7221 
  Peter Krens 
 
 
 Financial media and PR 
  Yellow Jersey             Tel: +44 (0) 20 3004 9512 
  Sarah Hollins 
  Henry Wilkinson 
  Annabel Atkins

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September 01, 2020 02:00 ET (06:00 GMT)

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