UHS.L Regulatory News (UHS)

18 June 2021

Umuthi Healthcare Solutions PLC

("Umuthi" or the "Company" or the "Group")

Temporary Suspension - Further Update

Application for admission of new ordinary shares

The Board of Directors of Umuthi wishes to provide shareholders with a further update regarding the temporary suspension from trading in the Company's Ordinary Shares on the Standard Listing segment of the Official List of the UK Listing Authority.

As announced on 10 June 2021, the FCA temporarily suspended trading in the Company's shares as a result of its concerns regarding some Company shareholders who were involved in a share exchange agreement prior to the Company's Admission to trading, not being able to trade all of their shares. This was due, in some instances, to share trading accounts not having been fully activated. 

The Company is now pleased to be able to confirm that it has satisfactorily resolved these matters.

As a result of carrying out this work, the Company has applied to the UK Listing Authority for an additional 9,400,000 ordinary shares to be admitted to trading on the Standard Listing segment of the Official List. Admission is expected to be effective on 23 June 2021.

Following admission of these additional new ordinary shares, the total number of ordinary shares in issue will be 101,400,000.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU No. 596/2014) AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.

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