Business
Warrant Exercise
Warrant Exercise.
About this update from Built Cybernetics Plc
[{"type":"text","content":"\n\n \n28 June 2024\n \nAukett Swanke Group Plc\n(\"Aukett Swanke\", the \"Company,\" \"ASG\", or, together with its subsidiaries, the \"Group\")\nWarrant exercise\nAukett Swanke (AIM: AUK), the Architecture and Smart Buildings Group, announces that it has received a warrant exercise notice to subscribe for 5,000,000 new ordinary shares of one penny each (\"Ordinary Shares\") in the Company at the exercise price of one penny each (the \"Warrant Shares\"), resulting in total gross proceeds to the Company of £50,000. The Warrant Shares will rank pari passu with the existing Ordinary Shares.\nApplication has been made to the London Stock Exchange for admission (\"Admission\") of the 5,000,000 Warrant Shares to be issued to trading on AIM. It is expected that Admission will occur on or around 2 July 2024.\nOn Admission, the Company's issued ordinary share capital will consist of 341,072,100 Ordinary Shares, with one vote per share. The Company does not hold any Ordinary Shares in treasury. Therefore, on Admission, this figure may be used by shareholders in the Company 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 share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.\nFollowing the exercise of these warrants there are 37,500,000 warrants outstanding which, if exercised, would raise a further £375,000 for the Company.\n \nContacts\nAukett Swanke Group Plc +44 (0) 20 7843 3000 \nClive Carver, Chairman &nb...