1 Sep 2020 07:00
Pires Investments PLC
("Pires" or the "Company")
Exercise of Warrant
Pires Investments plc (AIM: PIRI), the investment company focused on next generation technology, announces that it has received notification for the exercise of a warrant over 1,000,000 ordinary shares in the Company at an exercise price of 4 pence per share providing the Company with proceeds of £40,000 ("Warrant Exercise").
Application will be made to the London Stock Exchange to admit the 1,000,000 new ordinary shares resulting from the Warrant Exercise to trading on AIM. Admission of the new ordinary shares is expected to occur on or around 4 September 2020. The new ordinary shares will rank pari passu with the existing ordinary shares.
For the purpose of the Disclosure and Transparency Rules, following the issue of shares detailed above the enlarged issued share capital of the Company will comprise 120,472,465 ordinary shares of 0.25 pence each. The Company does not hold any shares in treasury. The above figure 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 to their interest in, the Company, under the Disclosure and Transparency Rules.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Enquiries:
Pires Investments plc Peter Redmond, Chairman Nicholas Lee, Director |
Tel: +44 (0) 20 3368 8961
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Nominated Adviser Cairn Financial Advisers LLP Liam Murray/Ludovico Lazzaretti
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Tel: +44 (0) 20 7213 0880 |
Joint broker Peterhouse Capital Limited Lucy Williams/Duncan Vasey |
Tel: +44 (0) 20 7469 0935
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Joint broker Mirabaud Securities Limited Peter Krens |
Tel: +44 (0) 20 3167 7221
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Financial media and PR Yellow Jersey Sarah Hollins Henry Wilkinson Annabel Atkins |
Tel: +44 (0) 20 3004 9512
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