WCAP WeCap plc

 
TIDMFIRE 
 
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY IAMFIRE PLC TO 
CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION 
(EU) NO. 596/2014, AS AMENDED ("MAR"). ON THE PUBLICATION OF THIS ANNOUNCEMENT 
VIA A REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW 
CONSIDERED TO BE IN THE PUBLIC DOMAIN. 
 
                                  IamFire plc 
 
                                  AQSE: FIRE 
 
                           ("FIRE" or the "Company") 
 
           Extension to Expiry Date of 158,333,333 Placing Warrants 
 
 Extension to Expiry of Option to Subscribe for up to £3.75m of CLNs in WeShop 
                            Holdings Ltd ("WeShop") 
 
1.          Extension to Expiry Date of 158,333,333 Placing Warrants 
 
IamFire plc announces that it has extended the expiry date of the 158,333,333 
placing warrants, exercisable at 10 pence per share, that were attached to 
placing shares, pursuant to its fundraising announced on 14 December 2021. The 
expiry date has been extended from 17 December 2022 until 31 December 2023. 
The extension covers the period that the Board believes will reflect the 
continued rapid expansion of the WeShop platform and progress towards a listing 
event on an international stock exchange. 
 
2.         Extension to Expiry of Option to Subscribe for up to £3.75m of CLNs 
in WeShop Holdings Ltd 
 
The Company announced it had secured the right to subscribe for up to £3.75m of 
Convertible Loan Notes ("CLNs") in WeShop on 6 July 2022.  The option to 
subscribe currently expires on 31 December 2022.  The Board is pleased to 
announce that it has negotiated an extension to this expiry date to 18 May 
2023, which coincides with the conversion date of those CLNs, should the 
Company decide to convert.  So far, the Company has taken up the right to 
subscribe for £2m of the £3.75m CLNs as announced on 29 November 2022, leaving 
£1.75m of the option outstanding and subject to the new expiry date. 
 
The Directors of the Company, who have issued this announcement after due and 
careful enquiry, accept responsibility for its content. 
 
REGULATORY ANNOUNCEMENT ENDS 
 
Enquiries: 
 
Company: 
info@iamfireplc.com 
 
Peterhouse Capital Limited 
Corporate Advisor: 
Guy Miller: + 44 (0) 20 7469 0930 (Direct) 
 
Corporate Broker 
Lucy Williams: +44 (0) 20 7469 0930 
Duncan Vasey: +44 (0) 20 7220 9797 (Direct) 
 
About WeShop: 
 
WeShop is a social commerce platform that allows users to shop and help each 
other by reviewing, asking about or recommending products. It is affiliated to 
the vast majority of the UK's top 1,000 online retailers.  Instead of rewarding 
the users with cashback, discount codes or vouchers, WeShop allows users to 
earn shares in the business. 
 
WeShop intends to be 90% owned by its community of users, so the more users 
shop, recommend and refer friends the more shares they will own in WeShop and 
the more they will share in its financial success.  Users of WeShop buy 
products from retailers through the platform as they would normally but in 
doing so they will earn shares in WeShop and benefit from aggregation as a 
community and the revenue streams generated from affiliate programs, data, 
promotion and advertising that the community through WeShop will generate. 
 
WeShop intends to be the first truly shoppable social network owned by its 
community of users.  By creating a disruptive online model it hopes to create a 
retail revolution which shares the financial success of online businesses with 
the users of those online businesses whose data, transactions and engagement 
has created them in the first place. 
 
 
 
END 
 
 

(END) Dow Jones Newswires

December 19, 2022 02:00 ET (07:00 GMT)

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