Business
Publication of Prospectus & Notice of GM
Publication of Prospectus & Notice of GM.
About this update from Bsf Enterprise Plc
[{"type":"text","content":"\n\nRNS Number: 5566J\nBSF Enterprise PLC\n7 September 2023\n \nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN ANY JURISDICTION.\n \n7 September 2023\nBSF Enterprise PLC\nPublication of Prospectus\nNotice of General Meeting\nBSF Enterprise Plc (LSE: BSFA) (OTCQB: BSFAF) (the \"Company\"), the Main Market listed biotech company and owner of pioneering UK-based clinical and cellular agriculture company 3D Bio-Tissues, is pleased to announce that, further to the conditional fundraising announced on 29 March 2023, 12 April 2023 and 14 April 2023 (\"Previous Announcements\"), the Company has today received approval from the Financial Conduct Authority (the \"FCA\") of its prospectus (the \"Prospectus\") relating to the proposed issuance (the \"Share Issue\") of up to 29,542,200 new ordinary shares (\"Ordinary Shares\") and has published its Prospectus.\n \nThe Share Issue relates primarily to the future warrants (Placing Warrants, Subscription Warrants and Broker Warrants at a price of 34 pence per share) that were part of the £2.9 million fundraise in March this year.\n \nAs described in the Previous Announcements, the Company raised approximately £2.9 million by way of Fundraising, comprising the Placing of 16,317,648 Placing Shares and the Subscription of 882,352 Subscription Shares at a price of 17 pence per share.\n \nThe Subscription was structured in two tranches. The first tranche consisting of 617,613 Ordinary Shares were allotted and issued pursuant to the then Company's existing authorities, in addition to the Placing Shares, and were admitted to the standard segment of the Official List of the FCA and to trading on the Main Market of the London Stock Exchange on 14 April 2023.\n \nThe second tranche of Subscription consisting of 264,739 Ordinary Shares, together with the 100,000 Financial PR Shares to be issued to Roast PR in satisfaction of certain fees due for services rendered at a price of 17 pence per share, will be allotted and issued subject to the passing of resolutions at the general meeting.\nA notice of general meeting (the \"Notice of GM\") is being posted today to shareholders where the Board re...