Conduity Capital PLC Warrant Update (5146C)

TIDMCCAP

RNS Number : 5146C

Conduity Capital PLC

19 October 2020

19 October 2020

For immediate release

CONDUITY CAPITAL PLC

("Conduity Capital" or "the Company")

Warrant Update

The Company confirms that the qualifying criteria for the accelerated exercise of the Investor Warrants, of achieving a closing price over 1.5p for five consecutive days, has been met. The Board does not intend to call upon holders to exercise their warrants at this time, but reminds warrant holders that they are able to exercise at the time of their choosing, until the earlier of the expiry of an accelerated exercise period (if required by the Company) or 2 October 2021.

The Company is also pleased to announce that it is reviewing a number of potential reverse take-over targets and will update investors as and when appropriate.

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For further information please contact:

 
  Conduity Capital Plc (AIM: CCAP) 
   Gregory Collier, Non-Executive Chairman 
   www.conduitycapital.co.uk                             [phone] 
  SPARK Advisory Partners Limited (Nominated Adviser) 
   Mark Brady 
   Neil Baldwin                                          [phone] 
   www.sparkadvisorypartners.com                          3551 
  Peterhouse Capital Limited (Broker) 
   Heena Karani/Lucy Williams                            [phone] 
   www.peterhousecap.com                                  0930 
 

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(END) Dow Jones Newswires

October 19, 2020 09:41 ET (13:41 GMT)