Distribution approved to ura shareholders9 May 2021 19:36
(“Ananda” or the “Company”)
Shareholdings in the Company
In June 2019, URA Holdings Plc (“URA”) subscribed for 88,888,888 ordinary shares of 0.2p each in the Company (“Ordinary Shares”) and received warrants to subscribe for a further 88,888,888 Ordinary Shares (the “Warrants”).
Ananda has now been notified that URA has completed the required steps to allow it to distribute its holdings of Ordinary Shares and Warrants to shareholders in URA on a pro rata basis (the “Distribution”).
Directors’ Interests
Charles Morgan, Melissa Sturgess and Peter Redmond, all of whom are Directors of the Company, are also shareholders in URA and will receive Ordinary Shares and Warrants in the Distribution as follows:
Director
Charles Morgan
Melissa Sturgess
Peter
Redmond
Concert Party
Current Holding of Ordinary Shares
45,541,666 69,653,888 5,000,000
Distribution of Ordinary Shares
5,530,115 8,070,282 3,686,743
Holding of Ordinary Shares following the Distribution
51,071,781 77,724,170 8,686,743
Percentage interest in Ordinary Shares following the Distribution
8.65% 13.16% 1.47%
Distribution of Warrants
5,530,115 8,070,282 3,686,743
The three Directors referred to above are members of the Concert Party, along with Michael Langoulant, who is also a shareholder in URA. These individuals will receive, in aggregate, 18,761,837 Ordinary Shares and 18,761,837 Warrants in the Distribution, as set out below.