Kasei Holdings Plc Issue of Equity and Warrants

 
TIDMKASH 
 
13 February 2023 
 
                              KASEI HOLDINGS PLC 
 
                          ("Kasei" or the "Company") 
 
                         Issue of Equity and Warrants 
 
Equity Issue 
 
Kasei Holdings PLC (AQSE: KASH) is pleased to announce that it has raised a 
total of GBP 500,000.04 (gross) from Aalto Capital AB, through the issue of 
4,166,667 new ordinary shares (the 'Placing Shares') under this equity issue. 
 
The Company will use the proceeds from the equity issue to further advance its 
investment strategy. 
 
Admission 
 
Application has been made for the 4,166,667 Placing Shares to be admitted to 
trading on Aquis Stock Exchange ('Admission'). Admission is expected to occur 
at 8:00 am on or around 17th February 2023. 
 
Total Voting Rights 
 
Following Admission, the Company's issued share capital will comprise 
33,228,351 ordinary shares of £0.01 each, with each share carrying the right to 
one vote. 
 
Issue of Warrants 
 
The Company also announces that it has granted Aalto Capital AB a total of 
4,166,667 warrants to subscribe for new ordinary shares of £0.01 each 
('Warrants'). The Warrants are exercisable at £0.12 per ordinary share, and for 
a period of 3 years from the date of issue. 
 
Following the issue of the Warrants, the Company has a total of 4,782,901 
warrants in issue. 
 
TR-1: Standard form for notification of major holdings 
 
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the 
FCA in Microsoft Word format if possible) i 
 
1a. Identity of the issuer or the underlying    KASEI HOLDINGS PLC 
issuer of existing shares to which voting 
rights are attached ii: 
 
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" 
if appropriate) 
 
Non-UK issuer 
 
2. Reason for the notification (please mark the appropriate box or boxes with 
an "X") 
 
An acquisition or disposal of voting rights                                             X 
 
An acquisition or disposal of financial instruments 
 
An event changing the breakdown of voting rights 
 
Other (please specify) iii: 
 
3. Details of person subject to the notification obligation iv 
 
Name                                            Aalto Capital AB 
 
City and country of registered office (if       Stockholm 
applicable) 
 
4. Full name of shareholder(s) (if different from 3.) v 
 
Name 
 
City and country of registered office (if 
applicable) 
 
5. Date on which the threshold was crossed or   13 February 2023 
reached vi: 
 
6. Date on which issuer notified (DD/MM/YYYY):  13 February 2023 
 
7. Total positions of person(s) subject to the notification obligation 
 
                   % of voting       % of voting rights   Total of both in  Total number of 
                   rights attached   through financial    % (8.A + 8.B)     voting rights 
                   to shares (total  instruments                            held in issuer 
                   of 8. A)          (total of 8.B 1 +                      (8.A + 8.B) vii 
                                     8.B 2) 
 
Resulting          12.54%            0                    12.54%            4,166,667 
situation on the 
date on which 
threshold was 
crossed or reached 
 
Position of        0                 0                    0 
previous 
notification (if 
applicable) 
 
 
 
 
8. Notified details of the resulting situation on the date on which the 
threshold was crossed or reached viii 
 
A: Voting rights attached to shares 
 
Class/type of        Number of voting rights ix            % of voting rights 
shares 
ISIN code (if        Direct            Indirect            Direct               Indirect 
possible)            (DTR5.1)           (DTR5.2.1)         (DTR5.1)             (DTR5.2.1) 
 
GB00BN950D98         4,166,667                             12.54% 
 
SUBTOTAL 8. A        4,166,667                             12.54% 
 
B 1: Financial Instruments according to DTR5.3.1R (1) (a) 
 
Type of financial    Expiration   Exercise/             Number of voting rights % of voting 
instrument           date x       Conversion Period xi  that may be acquired if rights 
                                                        the instrument is 
                                                        exercised/converted. 
 
Warrants             13/02/2026   In next 3 years       4,166,667               11.41% 
 
                                  SUBTOTAL 8. B 1 
 
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R 
(1) (b) 
 
Type of          Expiration       Exercise/     Physical or cash  Number of     % of voting 
financial        date x           Conversion    Settlement xii    voting rights rights 
instrument                        Period xi 
 
                                                SUBTOTAL 8.B.2 
 
 
 
 
9. Information in relation to the person subject to the notification obligation 
(please mark the 
applicable box with an "X") 
 
Person subject to the notification obligation is not controlled by any natural 
person or legal entity and does not control any other undertaking(s) holding 
directly or indirectly an interest in the (underlying) issuer xiii 
 
Full chain of controlled undertakings through which the voting rights and/or             X 
the 
financial instruments are effectively held starting with the ultimate 
controlling natural person or legal entity (please add additional rows as 
necessary) xiv 
 
Name xv                % of voting rights if   % of voting rights      Total of both if it 
                       it equals or is higher  through financial       equals or is higher 
                       than the notifiable     instruments if it       than the notifiable 
                       threshold               equals or is higher     threshold 
                                               than the notifiable 
                                               threshold 
 
Aalto Capital AB       12.54%                  11.41%                  22.28% 
 
10. In case of proxy voting, please identify: 
 
Name of the proxy holder 
 
The number and % of voting rights held 
 
The date until which the voting rights will be 
held 
 
11. Additional information xvi 
 
 
 
 
Place of completion  UK 
 
Date of completion   13 February 2023 
 
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

February 13, 2023 11:41 ET (16:41 GMT)