Itsarm PLC Appointment of Nomad & Broker, Share Issue & TVR (0356L)

TIDMITS

RNS Number : 0356L

Itsarm PLC

01 September 2023

 
 1 September 2023 
 

Itsarm plc

Appointment of Nominated Adviser and Sole Broker and

Issue of Shares and Total Voting Rights

Itsarm plc (the "Company") is pleased to announce the appointment of Zeus Capital Limited as its Nominated Adviser and Sole Broker, with immediate effect.

The Company also announces the issue of 1,630,612 ordinary shares of 0.25p each in the Company ("Ordinary Shares") in lieu of payment of certain creditors to conserve cash within the business.

The new Ordinary Shares will, when issued, rank pari passu in all respects with the existing Ordinary Shares of the Company. Application will be made for the 1,630,612 new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence at 8:00 a.m. on 8 September 2023 ("Admission").

Following Admission, the total number of voting rights in the Company will be 54,130,610. This figure may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company.

For further enquiries:

 
Itsarm plc                                 Via Hudson Sandler 
David Craven, Non-Executive Chairman 
 Jean-Paul Rohan, Non-Executive Director 
Hudson Sandler                             [phone] 
Alex Brennan                               [e-mail] 
 Ben Wilson 
Zeus (Nomad and Broker) 
 David Foreman / Ed Beddows (Investment 
 Banking)                                  [phone] 
 

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(END) Dow Jones Newswires

September 01, 2023 02:00 ET (06:00 GMT)