Member Info for kezzman

great news

we gonna be rich lol

Christopher Akers, Founder of SDG said: "HGC's 360 degrees vision is entirely aligned with how SDG thinks to empower the Environment, Social and Government sector on a global basis. Enabling people around the world and from all walks of life to proactively contribute to a positive and progressively improving society. Inclusiveness, authenticity and undeterred determination are some of the basic ingredients that will make SDG stand out from the crowd and deliver something the world has never seen before."
Total number of ordinary shares
Following the issue of the 400,000,000 new Ordinary Shares as consideration for the BDD IPR, the Company will have 3,306,179,537 Ordinary Shares in issue, each share carrying the right to one vote. The Company does not hold any Ordinary Shares in Treasury. The total number of voting rights in the Company will therefore be 3,306,179,537.



The Directors of the Company accept responsibility for this announcement.

High Growth Capital plc
("HGC" or the "Company")

Acquisition of Intellectual Property Rights

Acquisition of all existing and in-development Intellectual Property Rights ("IPR", project "SDG")

HGC is pleased to announce the acquisition of all existing and in-development IPR from BDD a company that was incorporated under the laws of Malta in 2018, for a consideration of £4,000,000 settled through the issue of 400,000,000 ordinary shares in the Company at a price of 1p per share credited as fully paid. Going forward the Company will refer to this as "SDG" or "project SDG".

In 2016, SDG founder Christopher Akers originated the innovative idea to raise at least US$1.0bn through an annual global blockchain raffle initiative. As part of this initiative, around 50% of the raffle proceeds are to be allocated to a dedicated number of high impact human / social and environmental conviction initiatives in close collaboration with various leading charities and good causes. The intention is for the initiative to be supported proactively by multiple leading global brands and admired individuals from all walks of life. Together with the raffle participants various high profile initiatives are expected to be curated and delivered around the world throughout the year. Sentiance, will play an important role in the core and distinct service proposition.

Development and controlled stage delivery process

It is the intention that over the next several months a new dedicated business structure for SDG is established. In this construct, equity shall be made available to the organization and a small number of other stakeholders deemed crucial for the final development and first activation steps of SDG. As a first step the Directors intend to deal with a number of clearly identified and manageable risk factors. This should be achievable in a timely fashion and with a limited amount of resources.

It is the current intention that prior to calendar year end 2019 a final decision is made in conjunction with the SDG stakeholders to activate the first draw during the second half of 2020. Further information will be provided during the Company's regular shareholder updates.

Commenting on today's announcements, Jens Zimmermann Chairman of HGC said; "We have a bold vision that the current digital, proprietary content, human connectivity landscape will change fundamentally in the years to come. Sentiance, will add considerable value to SDG, which in itself has the opportunity to significantly contribute to the creation and delivery of a sustainable global human economy. We look forward to developing SDG into a transformative high quality long-term asset in close conjunction with Chris during the months ahead."

Christopher Akers, Founder of SDG said: "HGC's 360 degrees vision is entirely aligned with how SDG thinks to empower the Environment, Social and Government sector on a global basis. Enabling people around the world and from all walks

Intervening takeover offer for Sentiance

Should a takeover offer be made and accepted by Sentiance shareholders (thus resulting in a change of control of Sentiance) prior to the exercise of the Acquisition Option, HGC will automatically receive (in lieu of the Acquisition Option), the irrevocable right to subscribe for 40,000 new Sentiance shares at a fixed price per Sentiance share equal to €750 (a total consideration amount of €30,000,000). For illustrative purposes only this would mean that, assuming the current equity structure of Sentiance, HGC would hold economic rights over an aggregate total of 54,333 Sentiance shares which in such a scenario would represent an approximate shareholding of 34.8% on a fully diluted basis.

The upfront premium paid by HGC for the grant of the Acquisition Option is approximately 1.50% of the total Sentiance Option exercise value (assuming paid for through the issuance of an aggregate total of 10.0bn HGC shares (incl. exercise of the Initial Warrants) for a notional value of £80 million and excluding the RRNB right to acquire 300 million shares for nominal value). The cash amount of £1.2 million will be settled in full through the issuance of 150,000,000 ordinary shares in HGC credited as fully paid. In the event of either (i) an intervening takeover offer for Sentiance being accepted and or (ii) HGC exercising the Acquisition Option, RRNB automatically is granted the right to acquire a further 300,000,000 ordinary shares in the Company for a consideration equal to the nominal value of those shares.



Following completion of the share issuances to RRNB and others outlined above, the Islam-Bonnier family, through RRNB, will be the beneficial owner of 430,833,325 ordinary HGC shares representing a holding 9.9% of the total voting rights of HGC.

Total number of ordinary shares

Following the issue of the 875,000,000 new Ordinary Shares as consideration for the 4,000 Sentiance shares and the issue of 150,000,000 new Ordinary Shares as consideration for the grant of the Acquisition Option, HGC will have 4,331,179,537 Ordinary Shares in issue, each share carrying the right to one vote. HGC does not hold any Ordinary Shares in Treasury. The total number of voting rights in HGC will therefore be 4,331,179,537.



The Directors of HGC accept responsibility for this announcement.

Acquisition Option



Concurrently HGC has entered into an Acquisition Option with RRNB (the "Acquisition Option"), which may be exercised at any time up to 30 September 2019, subject to certain conditions. If exercised, it would enable HGC to increase its overall holding to at least 51% and up to a maximum of 84.8% of the current equity share capital of Sentiance (on a fully diluted basis with management retaining substantially all of their direct Sentiance shareholding).



In recognition of its key consultancy and relationship management role in these arrangements, the Company has issued RRNB with warrants to subscribe for 1.0 billion HGC shares at price of 2.5 pence per share which is exercisable until 25 September 2019. Should these warrants be exercised in full prior to the expiry date, further warrants will be issued to subscribe for up to an additional 500 million HGC shares at a price of 6.0 pence per share exercisable for a period of 24 months from the date of the issue. The warrants are all freely transferable by RRNB.



The exercise of the Acquisition Option is subject to the following conditions:



1. HGC raising £25.0 million or more to finance the acquisition;

2. Fixed ************** ratio of Sentiance 1:100,000 HGC; and

3. Upon any Sentiance Option exercise the Company making a further equity investment of €15.0m in Sentiance.



When HGC executes this Acquisition Option, such an acquisition of additional shares in Sentiance may constitute a reverse takeover under Rule 57 of the NEX Rules.



Intervening takeover offer for Sentiance

Should a takeover offer be made and accepted by Sentiance shareholders (thus resulting in a change of control of Sentiance) prior to the exercise of the Acquisition Option, HGC will automatically receive (in lieu of the Acquisition Option), the irrevocable right to subscribe for 40,000 new Sentiance shares at a fixed price per Sentiance share equal to €750 (a total consideration amount of €30,000,000). For illustrative purposes only this would mean that, assuming the current equity structure of Sentiance, HGC would hold economic rights over an aggregate total of 54,333 Sentiance shares which in such a scenario would represent an approximate shareholding of 34.8% on a fully diluted basis.

The upfront premium paid by HGC for the grant of the Acquisition Option is approximately 1.50% of the total Sentiance Option exercise value (assuming paid for through the issuance of an aggregate total of 10.0bn HGC shares (incl. exercise of the Initial Warrants) for a notional value of £80 million and excluding the RRNB right to acquire 300 million shares for nominal value). The cash amount of £1.2 million will be settled in full through the issuance of 150,000,000 ordinary shares in HGC credited as fully paid. In the event of either (i) an intervening takeover offer for Sentiance being accepted and or (ii) HGC exercising the Acquisition Option, RRNB automatically

In principle acquisition of additional Sentiance shares



HGC is pleased to announce that agreement has been reached in principle to acquire an additional 5.0% of the current issued share capital in Sentiance. Following the completion of the acquisition (which is expected to take place shortly and will be confirmed by RNS announcement), HGC will own 15.0% of the current equity share capital of Sentiance, comprised of 13,333 ordinary Sentiance shares and 1 Sentiance Warrant which for the exercise sum of €1.00 can be converted into an additional 1,000 ordinary Sentiance shares within 5 years of issue by the Company upon exit.



The consideration of £7,000,000 will be settled in full through the issue of 875,000,000 ordinary shares in the Company at a price of 0.80 pence credited as fully paid to a number of independent family offices and investors, including RRNB Capital Ltd ("RRNB"), who have participated in the financing of the arrangements to become shareholders in HGC (RRNB is a closed asset vehicle wholly owned by the Islam-Bonnier family, dedicated to arranging and making a small number of ultra-long cross cycle investments). This consideration implies an exchange ratio of 1 Sentiance: 175,000 HGC shares versus a 1:250,000 ratio in the original transaction that completed on 5 November 2018.



Tactical Relationship with new investors



The objective of the new investors is to work closely with the HGC management team, enabling HGC to effectively and efficiently implement its strategy around "audience centricity and empowerment led by the millennium and Z generations out of emerging markets".



Acquisition Option



Concurrently HGC has entered into an Acquisition Option with RRNB (the "Acquisition Option"), which may be exercised at any time up to 30 September 2019, subject to certain conditions. If exercised, it would enable HGC to increase its overall holding to at least 51% and up to a maximum of 84.8% of the current equity share capital of Sentiance (on a fully diluted basis with management retaining substantially all of their direct Sentiance shareholding).



In recognition of its key consultancy and relationship management role in these arrangements, the Company has issued RRNB with warrants to subscribe for 1.0 billion HGC shares at price of 2.5 pence per share which is exercisable until 25 September 2019. Should these warrants be exercised in full prior to the expiry date, further warrants will be issued to subscribe for up to an additional 500 million HGC shares at a price of 6.0 pence per share exercisable for a period of 24 months from the date of the issue. The warrants are all freely transferable by RRNB.



The exercise of the Acquisition Option is subject to the following conditions:



1. HGC raising £25.0 million or more to finance the acquisition;

2. Fixed ************** ratio of Sentiance 1:100,000 HGC; and

3. Upon any Sentiance Option exercise the Company m

High Growth Capital plc
("HGC" or the "Company")

Increase in holding in Sentiance;

Option to Acquire Majority Holding in Sentiance and Issue of Warrants



Highlights:



§ HGC to increase its overall equity holding in Sentiance NV ("Sentiance"), the international AI, machine learning, data science and behavioral change company, to 15.0%;

§ Consortium of new independent family offices and investors who have participated in the financing of the arrangements to become shareholders in HGC;

§ HGC to enter into a follow-up Acquisition Option relating to acquisition of majority stake in Sentiance; and

§ Short-term warrants issued to subscribe for 1.0bn HGC shares at a price of 2.5 pence per share.



Commenting on today's announcements, Jens Zimmermann Chairman of HGC said; "We have a bold vision that the current digital, proprietary content, human connectivity landscape will change fundamentally in the years to come. HGC is going to play a pivotal role in this positive and much needed transformation. Sentiance is a down to earth agile global organisation. Its distinct DNA, proprietary technology, Tier I clients and proven skill sets combined with their pragmatic forward roadmap are all first class."

Toon Vanparys, CEO of Sentiance said: "We expect to further accelerate our growth and extend our position as a global market leader in AI driven motion intelligence solutions in the mobility, health and O2O industries. The incremental investment in our proprietary behavioural change expertise will deliver enhanced end to end solutions to our clients and our partners enabling them to create highly personalised and bespoke services and products for their users. A number of recent high-profile client wins further validate this approach. Based on the interactions we have with HGC and our new investor teams, our near term objectives will result, once fully implemented, in a long lasting mutually beneficial outcome for all stakeholders."


In principle acquisition of additional Sentiance shares



HGC is pleased to announce that agreement has been reached in principle to acquire an additional 5.0% of the current issued share capital in Sentiance. Following the completion of the acquisition (which is expected to take place shortly and will be confirmed by RNS announcement), HGC will own 15.0% of the current equity share capital of Sentiance, comprised of 13,333 ordinary Sentiance shares and 1 Sentiance Warrant which for the exercise sum of €1.00 can be converted into an additional 1,000 ordinary Sentiance shares within 5 years of issue by the Company upon exit.



The consideration of £7,000,000 will be settled in full through the issue of 875,000,000 ordinary shares in the Company at a price of 0.80 pence credited as fully paid to a number of independent family offices and investors, including RRNB Capital Ltd ("RRNB"), who have participated in the financing of the arrangements to become shareholders in HG

not good for ADL to be associated with him and his cronies

groan

nope already in

ramp ramp ramp

https://www.ig.com/uk/l2-trading-platform

take a look at this bud might help not sure costs too much

not easy without access to RSP and knowing the mms order books which they keep close to their chests

know BOPD for the 3 existing wells?

and what Blazh-10 could produce BOPD

The Blazh-10 well is located in the Company’s Monastyretska license, in the west of Ukraine near the border with Poland. The Yamna sandstones is the producing formation for the Company’s three existing wells on the license.

The Monastyretska reservoir study has been completed, as planned. The study has
highlighted significant upside potential from infill drilling and the
implementation of a water injection scheme. The study predicts that infill
drilling can add up to 2.3 million barrels (MBbl) to the cumulative production
of a do-nothing scenario with a further 2.1 MBbl coming from the implementation
of water injection. Future cumulative production of a do-nothing scenario, i.e.
from the three exsting wells only, is predicted to be 1.2 MBbl and is in line
with the current estimation of 2P reserves.

The study has been conducted using a reservoir simulation model validated by
matching the historical performances of the existing three producing wells. An
assessment of the cost of the various scenarios is on-going in order to select
the optimal development scheme.

some given the nod well in advance of todays news

they've not even done the flow test yet lol

surely mcap should of been much higher without this drill?

why did sp fall so low?

was the mcap so low when they already have 3 producing wells on the same Yamna formation?

Used PRN on London Stock Exchange