Kasei Holdings Plc Fundraise update

 
TIDMKASH 
 
13 March 2023 
 
                              KASEI HOLDINGS PLC 
 
                          ("Kasei" or the "Company") 
 
                               Fundraise update 
 
Kasei Holdings PLC (AQSE: KASH) announces that the payment relating to the 
fundraise announced on 13 February 2023 has only been partially received. The 
Company expected to receive the full amount of £500,000.04 upon the issuance of 
4,166,667 ordinary shares, pursuant to a subscription letter dated 10 February 
2023. It has received £150,000 to date and the balance of £350,000.04 
("Balance") remains outstanding. The Company has been in regular contact with 
the investor to have the Balance settled in the next few days and will keep the 
market updated on progress in this regard. 
 
The Directors confirm that this shortfall in the fundraise does not impact the 
working capital position of the Company. 
 
For further information please contact: 
 
Jai Patel                             [e-mail] 
Chief Investment Officer 
 
First Sentinel 
Corporate Adviser                     [phone] 
Brian Stockbridge                     [e-mail] 
 
About Kasei: 
 
The Company is a technology specialist investor that focuses on 
cryptocurrencies and blockchain technologies. 
 
The Company's goal is to provide investors with broad based exposure to the 
fast-growing ecosystem of digital assets, managed using traditional financial 
portfolio construction techniques. The Company also intends to invest in 
venture capital and private equity investments in the blockchain ecosystem. 
 
The Company will leverage the Board's expertise, experience, and networks in 
the cryptocurrency sector and management of digital assets and decentralised 
finance, to drive value creation and to establish the business. The Board has a 
proven capability in portfolio management to achieve significant growth. 
 
The Company's website is located at https://kaseiholdings.com 
 
Forward Looking Statements 
 
This news release may contain "forward-looking" statements and information 
relating to the Company. These statements are based on the beliefs of Company 
management, as well as assumptions made by and information currently available 
to Company management. The Company does not undertake to update forward-looking 
statements or forward-looking information, except as required by law. 
 
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. 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 13, 2023 11:51 ET (15:51 GMT)