Pires Investments PLC Exercise of Warrant (9525K)
07 Gennaio 2021 - 01:16PM
UK Regulatory
TIDMPIRI
RNS Number : 9525K
Pires Investments PLC
07 January 2021
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 500,000
ordinary shares in the Company at an exercise price of 4 pence per
share providing the Company with proceeds of GBP20,000 ("Warrant
Exercise").
Application will be made to the London Stock Exchange to admit
the 500,000 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 13 January 2021. 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 122,697,483 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 and the Directors of the
Company take responsibility for this announcement.
Enquiries:
Pires Investments plc Tel: +44 (0) 20 3368 8961
Peter Redmond, Chairman
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
Duncan Vasey/Lucy Williams Tel: +44 (0) 20 7469 0936
Joint Broker
Tennyson Securities Tel: +44 (0) 20 7186 9030
Peter Krens
Financial media and PR
Yellow Jersey Tel: +44 (0) 20 3004 9512
Sarah Hollins
Henry Wilkinson
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 ("AI"),
Internet of Things ("IoT"), Cyber Security, Machine Learning,
Augmented Reality and Virtual Reality ("AR/VR") 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/
.
Caution regarding forward looking statements
Certain statements in this announcement, are, or may be deemed
to be, forward looking statements. Forward looking statements are
identi ed by their use of terms and phrases such as "believe",
"could", "should" "envisage", "estimate", "intend", "may", "plan",
"potentially", "expect", "will" or the negative of those,
variations or comparable expressions, including references to
assumptions. These forward looking statements are not based on
historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of
operations, performance, future capital and other expenditures
(including the amount, nature and sources of funding thereof),
competitive advantages, business prospects and opportunities. Such
forward looking statements re ect the Directors' current beliefs
and assumptions and are based on information currently available to
the Directors.
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END
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January 07, 2021 07:16 ET (12:16 GMT)
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