Sabien Tech. Regulatory News (SNT)

For immediate release

10 January 2020

Sabien Technology Group plc

("Sabien" or the "Company")

Issue of equity

The Board of Sabien is pleased to announce that the placing of 200,000,000 new ordinary shares (the "Placing Shares") with new and existing investors, at a price of 0.15 pence per Placing Share (the "Placing Price") was approved by shareholders at the General Meeting held on 8 January 2020 and the Placing Shares commenced trading on AIM with effect from 9 January 2020 (the "Placing").

As previously announced, the Company's largest shareholder, Truell Intergenerational Family Limited Partnership ("TIG"), subscribed for 20,000,000 Placing Shares at the Placing Price and is now interested in 316,751,623 ordinary shares representing 22.84 per cent. of the enlarged issued share capital. TIG had previously been interested in 25.0 per cent. of the Company's issued share capital and had expressed an interest to subscribe for further new ordinary shares at the Placing Price to maintain its interest at 25.0 per cent. The Board of Sabien has now agreed today to issue 46,666,667 new ordinary shares at the Placing Price to TIG ("Subscription"). Following completion of the Subscription and the further issue of equity set out below, TIG will be interested in 25.0 per cent. of the enlarged issued share capital.

The proceeds of the Subscription amount to £70,000 and will be used to provide additional working capital for the continued development of the Company, in line with its stated strategy. Together with existing cash balances (including the proceeds of the Placing) the Company's current cash balances will amount to approximately £820,000. In order to maximise the Company's cash funds available for new investment, the Board has also agreed today to settle accrued but unpaid directors fees due to Cédriane de Boucaud Truell and Marco Nijhof (amounting to £15,000 each) in new ordinary shares ("Fee Shares"), also to be issued at the Placing Price. Accordingly, the Board has issued 10,000,000 new ordinary shares to each of Cédriane de Boucaud Truell and Marco Nijhof (neither of whom previously held any ordinary shares), and who will each be interested in 0.69 per cent of the enlarged issued share capital of the Company.

Once issued, the Subscription Shares and the Fee Shares (together the "New Shares") will rank pari passu with the Company's existing ordinary shares. Application will be made for the New Shares to be admitted to trading on AIM ("Admission") on or around 16 January 2020. The New Shares in aggregate represent 4.8 per cent. of the current issued share capital of the Company.

Richard Parris said:

"These additional funds further strengthen the Company's position to respond to possible business opportunities and broadens the alignment of Directors interests with those of our shareholders."

Total Voting Rights

In conformity with the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority ("FCA") Sabien announces that as at today's date the Company's issued share capital consists of 1,453,673,157 Ordinary Shares of 0.01p each with voting rights. The Company does not hold any Ordinary Shares in Treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights is 1,453,673,157.

The above figure of 1,453,673,157 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 FCA's Disclosure Guidance and Transparency Rules.

Special note concerning the Market Abuse Regulation

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR").

The person who arranged for the release of this announcement on behalf of the Company was Richard Parris, Executive Chairman.

For further information:

ENDS