Plenty of funds31 Jul 2025 12:27
They have plenty of funds, sellers will struggle to get back in 22May 2025 07:00
RNS Number : 6732J
Fragrant Prosperity Holdings Ltd
22 May 2025
22 May 2025
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.
Fragrant Prosperity Holdings Limited
("FPP" or the "Company")
Equity Fundraise
Fragrant Prosperity Holdings Limited ("Fragrant" or the "Company") announces it has completed (subject to certain conditions) an equity fundraise raising gross proceeds of £1,000,000 (the "Fundraise") through the issue of 111,111,111 ordinary shares (the "Fundraise Shares") at a price of 0.9 pence per ordinary share.
The Fundraise has been undertaken by way of a placing of new ordinary shares ("Placing") of no par value ("Ordinary Shares") in the share capital of the Company and was arranged by Optiva Securities Limited ("Optiva") with its clients. Following strong demand from numerous investors, the Company has decided to raise additional capital to enable it to continue to execute its strategy of acquiring a disruptive AI driven fintech business, although the Company will consider investments in other sectors if it is not able to locate a disruptive AI driven fintech business.
The Fundraise has been undertaken by means of the Placing pursuant to which, the Company will issue 111,111,111 ordinary shares at a price of 0.9p per new ordinary share ("Issue Price").
The Company is in the process of submitting a prospectus to enable the issue of shares above the current threshold of 19.99% as set in the prospectus rules. The Company will also be calling a General Meeting in the coming days to approve inter alia the allotment of the Fundraise Shares. The allotment of the Fundraising Shares will be conditional inter alia on the publication of an Financial Conduct Authority approved simplified prospectus and the passing of certain resolutions at the General Meeting.
Warrants
In connection with the Fundraise, The Company has issued 6,666,666 warrants to its broker exercisable at the Issue Price and valid for a period of 3 years from the date of Admission.
Admission
The Admission of the Fundraise Shares are expected to occur at a time and date to be communicated once the Company has sought permission at a General Meeting and published an approved prospectus.
New corporate website
The Company has a new website found at the following domain: fragrantprosperity.com
Chairmans Comment:
"The Board is pleased to announce the Company has successfully raised £1m. This significant capital investment means that FPP is fully funded for the foreseeable future, enabling us to actively explore new opportunities and identify potential acquisition targets in the FinTech sector, specifica
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