Pires Investments PLC Exercise of Warrants (8790Q)

TIDMPIRI

RNS Number : 8790Q

Pires Investments PLC

02 March 2021

Pires Investments plc

("Pires" or the "Company")

Exercise of Warrants

Pires Investments plc (AIM: PIRI), the investment company focused on next generation technology, announces that it has received notifications for the exercise of warrants over 250,000 ordinary shares in the Company at an exercise price of 4 pence per share providing the Company with proceeds of GBP10,000 ("Warrant Exercise").

Application will be made to the London Stock Exchange to admit the 250,000 new ordinary shares resulting from the Warrant Exercise to trading on AIM. Admission of the new ordinary shares is expected to occur on or around 8 March 2021 ("Admission"). The new ordinary shares will rank pari passu with the existing ordinary shares.

For the purpose of the Disclosure and Transparency Rules, following Admission the enlarged issued share capital of the Company will comprise 145,664,432 ordinary shares of 0.25 pence each. The Company does not hold any shares in treasury. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.

This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.

Enquiries:

 
 Pires Investments plc              Tel: [phone] 
  Peter Redmond, Chairman 
  Nicholas Lee, Director 
 Nominated Adviser 
  Cairn Financial Advisers LLP        Tel: [phone] 
  Liam Murray/Ludovico Lazzaretti 
 Joint Broker 
  Peterhouse Capital Limited          Tel: [phone] 
  Duncan Vasey/Lucy Williams          Tel: [phone] 
 Joint Broker 
  Tennyson Securities                 Tel: [phone] 
  Peter Krens 
 Financial media and PR 
  Yellow Jersey                       Tel: [phone] 
  Sarah Hollins 
  Henry Wilkinson 
 

Notes to Editors

About Pires Investments plc

Pires Investments plc (AIM: PIRI) is an investment company providing investors with access to a portfolio of next-generation technology businesses with significant growth potential.

The Company is building an investment portfolio of high-tech businesses across areas such as Artificial Intelligence ("AI"), Internet of Things ("IoT"), Cyber Security, Machine Learning, Immersive Technologies and Big Data, which the Board believes demonstrate evidence of traction and the potential for exponential growth, due to increasing global demand for development in these sectors.

For further information, visit: https://piresinvestments.com/ .

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March 02, 2021 06:32 ET (11:32 GMT)