IamFire Plc Placing and Subscription to raise £1.0 million from Existing and New Investors

 
TIDMFIRE 
 
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 AMENDED ("MAR"). ON THE PUBLICATION OF THIS ANNOUNCEMENT 
VIA A REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW 
CONSIDERED TO BE IN THE PUBLIC DOMAIN. 
 
IamFire plc 
 
(To be renamed WeCap plc) 
 
("Company") 
 
Placing and Subscription to raise £1.0 million from Existing and New Investors 
 
Total Voting Rights 
 
The Company is pleased to announce that it has raised £1,000,000 before expenses 
through a placing ("Placing") and subscription ("Subscription") for an aggregate 
of 66,666,667 new ordinary shares of 0.25p each at 1.5 pence per share. 
 
In connection with the Placing, the Company has entered into a Placing Agreement 
("Placing Agreement") with Tennyson Securities ("Tennyson") pursuant to which 
Tennyson has placed 60,496,667 New Ordinary Shares with institutional and other 
investors ("Placing Shares"). 
 
In addition, the Company has received applications to subscribe for a further 
6,170,000 New Ordinary Shares from a range of investors ("Subscription Shares"). 
 
The Placing and Subscription are conditional, inter alia, on admission of the 
Placing Shares and the Subscription Shares (together the "New Ordinary Shares") 
to trading on the Aquis Growth Market ("Admission"). 
 
Application will be made for the New Ordinary Shares to be admitted to trading 
on the access segment of the Aquis Growth Market and this is expected to occur 
on or around 18 December 2023. 
 
Under the terms of the Placing Agreement, the Company has granted advisors 
4,000,000 broker warrants with an exercise price of 1.5p per ordinary share and 
a life to expiry of 5 years from the date of Admission. 
 
Total Voting Rights 
 
Following Admission of the New Ordinary Shares, IamFire plc plc's issued 
ordinary share capital will consist of 412,014,017 ordinary shares of 0.25 pence 
each. This number represents the total voting rights in the Company, and 
following Admission, may be used by shareholders as the denominator for the 
calculation by which they can determine if they are required to notify their 
interest in, or a change to their interest in, the Company under the Financial 
Conduct Authority's ("FCA") Disclosure and Transparency Rules. The New Ordinary 
Shares shall rank pari passu in all respects with the existing ordinary shares 
of the Company. 
 
The Directors of the Company accept responsibility for the contents of this 
announcement. 
 
ENDS 
 
Enquiries: 
 
Company: 
[e-mail] 
 
Corporate Advisor: 
 
Peterhouse Capital Limited 
Guy Miller/Narisha Ragoonanthun: + 44 (0) 20 7469 0930 (Direct) 
 
Corporate Broker: 
 
Tennyson Securities Limited 
Peter Krens: [phone] (Direct) 
 
 
This information was brought to you by Cision http://news.cision.com 
 
 
END 
 
 

(END) Dow Jones Newswires

December 12, 2023 02:00 ET (07:00 GMT)