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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sabien Technology Group Plc | LSE:SNT | London | Ordinary Share | GB00BN6JG812 | ORD 3P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.50 | 7.00 | 8.00 | 7.50 | 7.50 | 7.50 | 29,886 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSNT
RNS Number : 7425Y
Sabien Technology Group PLC
18 January 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.
18 January 2022
Sabien Technology Group plc
("Sabien" or the "Company")
Changes to Warrant Terms
Sabien Technology Group plc, a Company focused on a Green Aggregation Strategy announces that the board of directors of the Company (the "Board") yesterday agreed to amend the terms of the warrants originally announced on 20 January 2021 (the "Warrants"). Following last year's share capital consolidation and those warrant exercises that have taken place so far, there are 8,283,331 Warrants outstanding. The Warrant terms will be amended as follows:
-- The final exercise date will be extended from 19 January 2022 to 4 February 2022; and
-- Any Warrant holder who exercises at least 25% of their Warrants between 20 January 2022 and 2 February 2022 will be granted one Bonus Warrant for each Warrant exercised.
All other Warrant terms will remain unchanged. The Bonus Warrants will have the following key terms:
-- An exercise period which expires on 5 February 2023;
-- An exercise price of 45 pence per new ordinary share of 3 pence each in the capital of the Company ("Ordinary Shares");
-- Transferrable (however no application will be made for admission to trading on any recognised trading platform); and
-- The Bonus Warrants will have a call option whereby in the event that the Ordinary Shares closes above 40 pence per Ordinary Share (mid-market closing price on AIM), the Company has the right (but not the obligation) at any time thereafter to call warrant holders to exercise all warrants held by them within 7 days. Any warrants not exercised when so required by the Company will automatically expire at the end of the 7-day period.
Further Information:
Sabien Technology Group plc Richard Parris, Executive Chairman +44 20 7993 3700 Allenby Capital Limited (Nominated Adviser) John Depasquale / Nick Harriss / Vivek Bhardwaj +44 20 3328 5656 Peterhouse Capital Limited (Broker) Duncan Vasey / Lucy Williams +44 20 7469 0930
The person who arranged for the release of this announcement on behalf of the Company was Richard Parris, Executive Chairman.
A copy of this announcement will be available from the Company's website at www.sabien.com
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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END
MSCUBVARUAUAAUR
(END) Dow Jones Newswires
January 18, 2022 02:00 ET (07:00 GMT)
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