Adalan Ventures Regulatory News (ZAIM)

Not for release or distribution, directly or indirectly, within, into or in the United States or to or for the account or benefit of persons in the United States, Australia, Canada, Japan or any other jurisdiction where such offer or sale would violate the relevant securities laws of such jurisdiction

For Immediate Release

16 June 2021

Zaim Credit Systems Plc

("Zaim" or the "Group")

Fundraise and Total Voting Rights

Zaim Credit Systems plc (the 'Group' or 'Zaim'), the Russian focused fintech group, announces it has completed (subject to certain conditions inter alia Admission) an equity fundraise of £1,000,000 (gross) (the "Fundraise") through the issue of 25,000,000 ordinary shares (the "Fundraise Shares") at a price of 4.0 pence per ordinary share.

The Fundraise has been undertaken by way of a placing of new ordinary shares ("Placing") of £0.01 par value ("Ordinary Shares") in the share capital of the Company and was arranged by the Company's Broker, Optiva Securities Limited, with its clients. The Fundraise is to provide additional capital for expansion of the loan portfolio and the development of new products.

The Fundraise has been undertaken by means of the Placing pursuant to which, the Company will issue 25,000,000 Fundraise Shares at a price of 4.0p per new ordinary share ("Issue Price"), representing a discount of approximately 10% to the closing price of 4.4p per Ordinary Share on 15 June 2021 (being the last practicable dealing date prior to the pricing of this transaction).

Application will be made for the Fundraise Shares, which will rank pari passu with the Company's existing Ordinary Shares, to be admitted to listing on the FCA's Official List (Standard Listing) and to trading on the London Stock Exchange's Main Market for listed securities ("Admission"). It is expected that Admission will become effective and dealings in the Fundraise Shares will commence at 8.00 a.m. on or around 23rd June 2021.

Following Admission of the Fundraising Shares the total number of Ordinary Shares in the Company with voting rights will be 461,975,000. This 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 FCA's Disclosure Guidance and Transparency Rules.

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

For more information, please see the company website: www.zaimcreditsystemsplc.com 

*ENDS*

Enquiries: