Kryptonite 1 plc Issue of Equity
11 November 2016 - 7:00AM
UK Regulatory
TIDMKR1
Kryptonite 1 Plc
("Kryptonite 1" or the "Company")
Issue of Equity
Kryptonite 1 Plc is pleased to announce that the Company has completed a
placing raising a total of GBP127,000 through the issue of 254,000,000 ordinary
shares of 0.01 pence each ("New Ordinary Shares") at a price of 0.05 pence per
share (the "Placing"). The funds raised will be used by the Company to make
further investments in accordance with the Company's investment strategy.
Following the issue of the New Ordinary Shares and in accordance with the
Financial Conduct Authority's Disclosure and Transparency Rules, Kryptonite 1
announces that the Company has 822,394,334 ordinary shares of 0.01 pence each
in issue, each share carrying the right to one vote. The Company does not hold
any ordinary shares in treasury.
This figure may be used by shareholders in the Company as the denominator for
the calculation by which they will determine if they are required to notify
their interest in, or a change to their interest in, the share capital of the
Company under the Financial Conduct Authority's Disclosure and Transparency
Rules.
The New Ordinary Shares have been issued pursuant to the general allotment
authority conferred by the Isle of Man Companies Act 1931, as the specific
authority sought via the passing of the Special Resolution at the Company's
recent Annual General Meeting has been determined to be invalid.
The directors of the issuer accept responsibility for the contents of this
announcement.
-ENDS-
Contact Details:
Kryptonite 1 Plc
Stephen Corran
+44 (0)16 2467 6716
scorran@bridgewaters.co.im
ISDX Corporate Adviser:
Peterhouse Corporate Finance Limited
Fungai Ndoro/ Mark Anwyl
+44 (0)20 746 930
END
(END) Dow Jones Newswires
November 11, 2016 02:00 ET (07:00 GMT)