THE
INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE
COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE
MARKET ABUSE REGULATIONS (EU) NO. 596/2014 WHICH HAS BEEN
INCORPORATED INTO UK LAW BY THE EUROPEAN UNION (WITHDRAWAL) ACT
2018. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA
REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.
17 July 2024
SEEEN plc
("SEEEN" or the
"Company")
Subscription for new Ordinary
Shares to raise £45,000
Total voting
rights
SEEEN plc (AIM: SEEN), the global
media and technology platform that delivers Key Video Moments to
drive Video Commerce and transform its clients' video
profitability, announces that further to the Fundraise announced on
31 May 2024, it has raised a further £45,000 on the same terms as
those of the Fundraise from certain existing investors who were
unable to participate in the Fundraise.
Utilising the Directors' existing
authorities given by Shareholders to issue
new ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") for cash on a
non-pre-emptive basis, the Company has raised gross proceeds of
£45,000 through a subscription, and the allotment and issue by the
Company (subject to Admission, as defined below) of 1,500,000 new
Ordinary Shares (the "Subscription
Shares") at an issue price of 3 pence per Subscription Share
(the "Subscription"). Each
investor will also receive one Warrant for every one Subscription
Share subscribed for pursuant to the Subscription, with each
Warrant entitling the holder to acquire one new Ordinary Share at a
price of 4.5 pence at any time prior to 19 June 2026. The net
proceeds of the Subscription will be used for working capital
purposes.
Application for Admission
Application has been made for the
Subscription Shares to be admitted to trading on AIM ("Admission") and it is expected that
Admission will become effective and that dealings will commence at
8.00 a.m. on or around 19 July 2024. Once issued, the Subscription
Shares will rank pari
passu with the Company's existing Ordinary
Shares.
Total voting rights
Following Admission, the enlarged
issued share capital of the Company will comprise 120,279,141
Ordinary Shares. The Company does not hold any Ordinary Shares in
treasury. Consequently, following Admission, 120,279,141 is the
figure which may be used by shareholders as the denominator for the
calculation 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 Financial Conduct Authority's Disclosure Guidance
and Transparency Rules.
Significant shareholding
The Company is aware of the
following significant shareholder in the Company (as defined in the
AIM Rules for Companies), whose percentage interest in the enlarged
share capital will be revised following Admission and the issue of
the Subscription Shares:
Name
|
Number of Ordinary Shares held
|
Percentage of enlarged share capital following
Admission
|
Water Intelligence plc
|
5,938,366
|
4.94%
|
|
|
|
|
|
|
| |
Unless otherwise stated, capitalised terms not otherwise
defined in the text of this announcement have the same meanings
ascribed to them as in the "Placing and Subscription and other
matters" announcement published by the Company on 31 May
2024.
For
further information please contact:
SEEEN plc
|
Tel: +44
(0)7775 701 838
|
Adrian Hargrave, Chief Executive
Officer
|
|
|
|
Dowgate Capital Limited - Joint Broker
|
Tel: +44
(0)20 3903 7715
|
Stephen Norcross
|
|
|
|
Capital Plus Partners Limited - Joint Broker
|
Tel: +44
(0)20 3821 6167
|
Jonathan Critchley / Jon
Levinson
|
|
|
|
Allenby Capital Limited - Nominated Adviser and Joint
Broker
|
Tel: +44
(0)20 3328 5656
|
Alex Brearley / George Payne /
Lauren Wright (Corporate Finance)
|
|
Tony Quirke / Amrit Nahal (Sales and
Corporate Broking)
|
|
|
|
focusIR - Investor Relations
|
Tel: +44
(0)20 4570 2234
|
Paul Cornelius / Kat
Perez
|
email:
seeen@focusir.com
|
|
|
|
| |