Rober Keith 26.6%20 Sep 2017 21:10
In for £250 000
Charles Street International Holdings Limited
Charles Street International Holdings Limited has subscribed for 6,399,998 Placing Shares and will be entitled to receive 3,199,999 warrants. Charles Street International Holdings Limited is a related party of the Company for the purposes of the AIM Rules by virtue of their status as a substantial shareholder of the Company.
Following the issue of the Placing Shares Charles Street International Holdings Limited together with Robert Keith, an executive of Charles Street International Holdings Limited, have an interest in approximately 26.6% of the enlarged issued share capital of the Company.
The Directors consider, having consulted with the Company's nominated adviser, N+1 Singer, that the terms of the participation by Charles Street International Holdings Limited in the Placing are fair and reasonable insofar as the Company's shareholders are concerned.