Aukett Swanke Group PLC Warrant Exercise

RNS Number : 2456U

Aukett Swanke Group PLC

28 June 2024

 

 

28 June 2024

 

Aukett Swanke Group Plc

("Aukett Swanke", the "Company," "ASG", or, together with its subsidiaries, the "Group")

Warrant exercise

Aukett Swanke (AIM: AUK), the Architecture and Smart Buildings Group, announces that it has received a warrant exercise notice to subscribe for 5,000,000 new ordinary shares of one penny each ("Ordinary Shares") in the Company at the exercise price of one penny each (the "Warrant Shares"), resulting in total gross proceeds to the Company of £50,000. The Warrant Shares will rank pari passu with the existing Ordinary Shares.

Application has been made to the London Stock Exchange for admission ("Admission") of the 5,000,000 Warrant Shares to be issued to trading on AIM.  It is expected that Admission will occur on or around 2 July 2024.

On Admission, the Company's issued ordinary share capital will consist of 341,072,100 Ordinary Shares, with one vote per share. The Company does not hold any Ordinary Shares in treasury. Therefore, on Admission, this figure may be used by shareholders in the Company 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 share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Following the exercise of these warrants there are 37,500,000 warrants outstanding which, if exercised, would raise a further £375,000 for the Company.

 

Contacts

Aukett Swanke Group Plc                                                                                            [phone] 

Clive Carver, Chairman                                                                            

Nick Clark, Chief Executive                                                                                            

 

Strand Hanson Limited, Financial and Nominated Adviser                           [phone]

Richard Johnson, James Bellman                                                                              

 

Zeus Capital Limited, Broker                                                                                      [phone]

Simon Johnson, Louisa Waddell

 

Investor/Media                                                                                                                                + 44 (0) 7979 604 687

Chris Steele

 

About Aukett Swanke Group plc

Aukett Swanke Group has a strong foundation in architectural services and is on a transformative journey to become a London-listed provider of Smart Buildings and related services. ASG are uniquely positioned to ensure the technical systems that run modern premises are designed as an integral part of the structure, from the outset.

For more information go to https://www.aukettswankeplc.com  

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.

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