Business
Issue of Equity & Warrants
Issue of Equity & Warrants.
About this update from Amala Foods Plc
[{"type":"text","content":"\n \nRNS Number : 8141J BigDish PLC 22 August 2019 \n\n22 August 2019\nBigDish Plc\n(\"BigDish\" or the \"Company\")\nIssue of Equity & Warrants\nBigDish Plc (LON: DISH), a food technology company that operates a yield management platform for restaurants, announces an issue of equity and warrants in relation to the acquisition of Pouncer Media Limited (\"Pouncer\") as part of the Company's admission to the Official List and the Standard segment of the Main Market of the London Stock Exchange in August 2018.\nIssue of Equity\nAt admission in August 2018, the Company issued 11,111,111 ordinary shares and a grant of warrants over 11,111,111 shares at a price of 9 pence per ordinary shares to Pouncer which expire on the second anniversary of admission. \nThe Company has now issued today 13,812,920 ordinary shares to certain Pouncer shareholders as part of the acquisition agreement. Application has been made for 13,812,920 new ordinary shares to be admitted to trading which is expected to occur on or around 27 August 2019 (\"Admission\").\nThis now completes the Company's obligations to Pouncer.\nGrant of Warrants\nThe Company has also issued a grant of warrants over 6,851,116 ordinary shares at a price of 4.156 pence per ordinary share to certain Pouncer shareholders. The warrants expire on 2 February 2021.\nTotal Voting Rights\nFollowing Admission, the Company's enlarged issued share capital will be 351,875,208. This 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 FCA's Disclosure Guidance and Transparency Rules.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 (\"MAR\")\n \nEnquiries:\n\n\n\nZak Mir, Digital Communications Officer, \nBigDish Plc\n\n\n+44 (0) 7867 527658\n\n\n\n \nNotes to Editors\nBigDish Plc is a London Stock Exchange listed food technology company that operates a yield management platform for the restaurant industry, including a mobile App.\nThe Company helps restaurants in the UK fill their spare capacity and optimise their revenues through smart and dynamic discounts. Consumers can access these via the BigDish App and website platforms. Restau...