Last checked at 22 Jul 2021 15:32
22 July 2021
Kanabo Group Plc
("Kanabo" or the "Company")
Block Listing Application
Kanabo Group Plc (LSE:KNB) announces that a block listing application ("Block Listing") has been made to the London Stock Exchange and the Financial Conduct Authority ("FCA") for up to 10,953,547 ordinary shares of 2.5p each in the Company ("New Ordinary Shares") fully paid, to trading on the main market for listed securities of the LSE and to the Standard List segment of the Official List of the FCA.
Forming part of the Company's admission in February 2021, the Company has in issue 10,953,547 unlisted warrants exercisable at a price of 10 pence per New Ordinary Share at any time prior to 15 February 2022. If subscribed in full, these warrants will provide approximately £1,095,354.70 of additional capital to support the Company's development.
The Block Listing has been filed to enable holders of the Company's warrants to continue to voluntarily exercise them without the need for the issue of a separate RNS and admissions filing each time this occurs. The Company will notify on a monthly basis when there are changes to the issued share capital of the Company, and these monthly figures may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company. The Company will also make six-monthly announcements regarding the utilisation of the block admission. It is expected that the Block Listing will become effective on or around 23 July 2021.
If and when issued, the New Ordinary Shares will be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of the Company.
At present, the issued share capital of the Company comprises 368,521,290 ordinary shares. The Company does not hold any shares in treasury. Therefore, the figure of 368,521,290 ordinary shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.
For further information, please visit http://www.kanabogroup.com/ or contact the following:
Kanabo Group Plc
Tel: +(972)52-3173-633
press@kanabogroup.com
Meirav Horn
Peterhouse Capital Limited (Financial Adviser)
Tel: +44 (0)20 7469 0930
Eran Zucker / Guy Miller
Peterhouse Capital Limited (Corporate Broker)
Lucy Williams / Charles Goodfellow