19 Jul 2018 11:57
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Koovs plc
Update on Investment by Future Lifestyle Fashions Limited
Further to its announcement of 4 July 2018, Koovs plc ("Koovs", or the "Company") AIM: KOOV is pleased to announce the completion of the investment by Future Lifestyle Fashions Limited ("FLFL"), part of Future Group -- India's largest retail group.
FLFL has subscribed for 57,876,600 new ordinary shares ("New Ordinary Shares") at a price of 10 pence per share, raising £5,787,660 of cash.
The Company confirms that the New Ordinary Shares have today been admitted to trading on AIM the AIM market of the London Stock Exchange.
Accordingly, the Company's issued share capital has increased to 233,260,291 (there are currently no shares held in treasury) and FLFL now owns 24.8% of the Company's issued share capital. The total number of voting rights in the Company is therefore be 233,260,291. The New Ordinary Shares rank pari passu in all respects with the existing Ordinary Shares.
In addition, as announced on 4 July 2018, FLFL has conditionally agreed to make additional investments to take its ownership up to 29.9% within six months of completion of the equity raise which was launched on 4 July 2018. Further information will be announced by the Company in due course.
For further information please contact:
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