DMTR.L Regulatory News (DMTR)

19 January 2022

DeepMatter Group Plc

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

Result of Open Offer

DeepMatter Group Plc (AIM: DMTR), the international digital chemistry data company, announces that further to the announcement made on 24 December 2021 concerning the "Placing, Subscription and Open Offer", the Company is pleased to announce the results of the Open Offer, which closed for acceptances at 11.00 a.m. on 18 January 2022.

The Company has received valid acceptances from Qualifying Shareholders under their basic Open Offer Entitlements in respect of 45,489,819 Open Offer Shares. In addition, the Company has received applications from Qualifying Shareholders under the Excess Application Facility in respect of 827,558,805 Open Offer Shares.

Accordingly, a total of 873,048,624 Open Offer Shares have been accepted or applied for under the Open Offer, including the Excess Application Facility, representing 349.2% per cent. of the Open Offer Shares.

All Qualifying Shareholders who have validly applied for Open Offer Shares will receive their full Basic Entitlement. Applications for Open Offer Shares under the Excess Application Facility will be scaled back on a pro-rata basis to the number of Excess Shares applied for.

Accordingly, the Open Offer will raise total gross proceeds of approximately £0.25 million via the issue of 250,000,000 Ordinary Shares.

The Fundraise remains conditional on, amongst other things, the approval by the Company's shareholders of the Fundraising Resolutions set out in the Notice of General Meeting contained in the Circular published by the Company on 4 January 2022 at the General Meeting to be held at 11.00 a.m. on 20 January 2022. The Company will announce the results of the General Meeting as soon as practicable after the meeting concludes.

Defined terms used in this announcement have the meanings given to them in the shareholder Circular unless otherwise stated.

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