Ananda Developments Plc Additional Subscription and Result of Broker Option

 
TIDMANA 
 
17 March 2023 
 
                            ANANDA DEVELOPMENTS PLC 
 
                          ("Ananda" or the "Company") 
 
              Additional Subscription and Result of Broker Option 
 
Further to the announcement of 9 March 2023, Ananda announces that the Company 
has raised an additional £101,200 (before expenses) through the issue of 
33,733,330 ordinary shares of 0.2p each in the Company ("Ordinary Shares"; "New 
Ordinary Shares") at a price of 0.3p per share. 
 
The New Ordinary Shares comprise 20,233,330 New Ordinary Shares issued to 
additional subscribers procured by the Company and 13,500,000 New Ordinary 
Shares issued pursuant to valid applications received by Peterhouse Capital 
Limited in the Broker Option, which closed on 16 March 2023. 
 
The Company has therefore raised a total of £427,400 (before expenses) in the 
last 7 days, comprising £386,900 raised by the Company in two tranches (£60,700 
today and £326,200 raised and announced on 9 March 2023) and £40,500 via the 
Broker Option. This completes the current capital raising. 
 
Application for Admission 
 
Application will be made for the New Ordinary Shares to be admitted to trading 
on the Access segment of the AQSE Growth Market. It is expected that admission 
will become effective on 23 March 2023. 
 
The New Ordinary Shares will, on admission, rank pari passu in all respects 
with the Ordinary Shares in issue and will rank in full for all dividends and 
other distributions hereafter declared, paid or made on the ordinary share 
capital of the Company. 
 
Total Voting Rights 
 
Following the issue of the New Ordinary  Shares, the Company will have 
2,060,285,229 Ordinary Shares in issue, each share carrying the right to one 
vote. 
 
This figure of 2,060,285,229  Ordinary Shares 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 in 
their interest in, the share capital of the Company under the FCA's Disclosure 
and Transparency Rules. 
 
                                    -Ends- 
 
The Directors of the Company accept responsibility for the contents of this 
announcement. 
 
ANANDA DEVELOPMENTS PLC                                   [phone] 
                                                    [e-mail] 
Chief Executive Officer 
Melissa Sturgess 
 
Investor Relations 
Jeremy Sturgess-Smith 
 
PETERHOUSE CAPITAL LIMTED                                 [phone] 
 
Corporate Finance 
Mark Anwyl 
 
Corporate Broking 
Lucy Williams 
Duncan Vasey 
 
About Ananda Developments plc 
 
Ananda is an AQSE-listed medical cannabis company creating UK-based operations 
to grow and provide carbon zero, consistent, medical cannabis for the UK and 
international markets. 
 
For more information, please visit: https://anandadevelopments.com 
 
Market Abuse Regulation (MAR) Disclosure 
 
The information contained within this announcement is deemed by the Company to 
constitute inside information. Upon the publication of this announcement via a 
Regulatory Information Service, this inside information is now considered to be 
in the public domain. 
 
 
 
END 
 
 

(END) Dow Jones Newswires

March 17, 2023 08:44 ET (12:44 GMT)