RegTech Open Project PLC Transfer of Warrants (0500M)

TIDMRTOP

RNS Number : 0500M

RegTech Open Project PLC

11 September 2023

11 September 2023

RegTech Open Project plc

("RTOP" or the "Company")

Transfer of Warrants

RegTech Open Project plc (LSE: RTOP), the technology business specialised in the automation, management, and optimisation of regulatory compliance operations, announces that it has received notification than an aggregate of 250,000 warrants with an exercise price of GBP1.00 each ("Warrants") over ordinary shares of nominal value GBP0.20 each in the capital of the Company ("Ordinary Shares") have been transferred by The AvantGarde Group S.p.A., a person closely associated ("PCA") with, and entity wholly-owned by, Alessandro Zamboni, a person discharging managerial responsibilities ("PDMR"), who is the Founder and a Non-Executive Director of RTOP, to an independent third-party to settle an outstanding debt using the GBP1.00 per Warrant exercise price as a denominator, in accordance with the terms of the warrant instrument, cast as a deed, entered into by RTOP on 21 August 2023, pursuant to which they were granted .

Following the transfer of the Warrants, Alessandro Zamboni (directly via TAG, and indirectly via RegTech Open Project S.p.A., a wholly-owned subsidiary of TAG) holds 5,750,000 Warrants and 39,003,000 Ordinary Shares. There has been no change to the number of outstanding Warrants or Ordinary Shares as a result of this transfer.

The Warrants are held in certificated form and are not admitted to CREST, and accordingly do not have an International Securities Identification Number (ISIN).

This notification has been made in accordance with the requirements of Article 19 of Regulation 2014/596/ EU, which is part of the domestic law of the United Kingdom of Great Britain and Northern Ireland pursuant to the Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310). Further details are set out below.

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                      The AvantGarde Group S.p.A. 
      ----------------------------------------  -------------------------------------------- 
 2     Reason for the notification 
      -------------------------------------------------------------------------------------- 
 a)    Position/status                           PCA of Alessandro Zamboni, Founder 
                                                  and Non-Executive Director of RegTech 
                                                  Open Project plc 
      ----------------------------------------  -------------------------------------------- 
 b)    Initial notification/Amendment            Initial notification 
      ----------------------------------------  -------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------------------------- 
 a)    Name                                      RegTech Open Project plc 
      ----------------------------------------  -------------------------------------------- 
 b)    LEI                                       21380067ZMA5LECFSL38 
      ----------------------------------------  -------------------------------------------- 
 4     Details of the transaction(s): section to be repeated for 
        (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      -------------------------------------------------------------------------------------- 
 a)    Description of the financial              Transfer of 250,000 warrants with 
        instrument, type of instrument            an exercise of GBP1.00 each over 
                                                  ordinary shares of nominal value 
                                                  GBP0.20 each in the capital of RegTech 
                                                  Open Project plc, each created pursuant 
        Identification code                       to a warrant instrument, cast as 
                                                  a deed, dated 21 August 2023 
                                                  ISIN of Ordinary Shares: GB00BS3BDY00 
      ----------------------------------------  -------------------------------------------- 
 b)    Nature of transaction:                    Transfer of warrants 
      ----------------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s)                    Price(s)               Volume(s) 
      ----------------------------------------  ---------------------  --------------------- 
   GBP1.00                                                              250,000 
  -------------------------------------------------------------------  --------------------- 
   Aggregated information 
     *    Aggregated volume                  250,000 
 
                                             GBP250,000 
     *    Price 
 ----------------------------------------  ------------------------------------------------- 
 d)    Date of the transaction                   11 September 2023 
      ----------------------------------------  -------------------------------------------- 
 e)    Place of the transaction                  Outside of a trading venue 
      ----------------------------------------  -------------------------------------------- 
 

- Ends -

Enquiries:

 
 RegTech Open Project plc 
  Ian Halliday-Pegg, CEO            c/o Instinctif Partners 
 Instinctif Partners (Financial    [e-mail] 
  PR)                               [phone] 
  Victoria Hayns                    [phone] 
  Guy Scarborough                   [phone] 
  Bryn Woodward 
 

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September 11, 2023 09:00 ET (13:00 GMT)