AMO.L Regulatory News (AMO)

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. THIS ANNOUNCEMENT SHOULD BE READ IN ITS ENTIRETY. FURTHER DETAILS OF THE FUNDRAISING ARE SET OUT BELOW.

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY NEW ORDINARY SHARES OF AMINO TECHNOLOGIES PLC.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310

AMINO TECHNOLOGIES PLC

("Amino", the "Company" or the "Group")

Completion of Placing

Amino Technologies plc (LSE AIM: AMO), a software-led global media technology company that delivers modern TV experiences, announces that further to the announcement made earlier today, the Company has raised total gross proceeds of approximately £9.4 million through the Placing of 6,714,286 new Ordinary Shares ("Placing Shares") at a price of 140 pence per Placing Share. The Placing Shares represent approximately 8.6% of the Company's current issued share capital.

Related Party Transactions

Kestrel Partners LLP ("Kestrel") has agreed to subscribe for 1,469,757 Placing Shares. Kestrel is deemed to be a related party company for the purposes of the AIM Rules by virtue of its status as a substantial shareholder holding 10% or more of the existing Ordinary Shares.

Premier Miton Group plc ("Premier Miton") has agreed to subscribe for 1,178,571 Placing Shares. Premier Miton is deemed to be a related party company for the purposes of the AIM Rules by virtue of its status as a substantial shareholder holding 10% or more of the existing Ordinary Shares.

The Board considers, having consulted with the Company's nominated adviser, finnCap, that the terms upon which Kestrel and Premier Miton are participating in the Placing are fair and reasonable insofar as the Company's shareholders are concerned.

Total Voting Rights

Application has been made for the admission of the Placing Shares to trading on the AIM market of London Stock Exchange plc ("Admission"). It is expected that Admission will take place at or around 8.00 a.m. (London time) on 17 May 2021. The Placing Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the Company's existing issued Ordinary Shares.

On Admission, the Company will have 84,783,857 Ordinary Shares in issue. There are 1,778,725 Ordinary Shares held in treasury. Therefore the total number of voting rights in the Company is 83,005,132. This number may be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

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About Amino Technologies plc

Amino Technologies plc is a software-led, global Media Technology company. We deliver modern TV experiences, the way viewers want them. We do this by creating the solutions that Pay-TV operators, broadcasters and content owners need to make it easy for people to connect to the TV and video they love.

Our end to end solutions, offer the best of both worlds: video on demand and live TV. By placing all TV and video streaming content in one place, Pay-TV operators, broadcasters and media owners can stay ahead of evolving viewer demand by providing smarter, more cost-effective ways of delivering modern TV and video experiences to consumers. 

Amino Technologies plc has two operating companies: 24i, which focusses on streaming video experiences and Amino, which connects Pay-TV to streaming services. Our two complementary companies combine their products and services to create solutions which ensure that people can consume TV and video how and when they want it. Our solutions deliver modern TV and video experiences every day to millions of viewers globally, via our growing global customer base of over 500 service providers.

Amino Technologies plc is listed on the London Stock Exchange Alternative Investment Market (AIM: symbol AMO). Headquartered in Cambridge, UK, the company has over 300 staff located in offices in New York, Los Angeles, San Francisco, Amsterdam, Helsinki, Madrid, Porto, Brno and Hong Kong.

For more details, visit www.aminotechnologies.com