Business
PDMR Notifications; Conversion CLNs & Fee Shares
PDMR Notifications; Conversion CLNs & Fee Shares.
About this update from Capai Plc
[{"type":"text","content":"\n\n7 April 2025\n\n \ncapAI plc\n(the \"Company\")\n \nPDMR Notifications; Conversion of all outstanding CLNs and issue of CLN Shares and Fee Shares\n \n \nPDMR Notifications\n \nFurther to the Company's announcement on 12 March 2025 (RNS Number: 2759A), the Fundraising Shares (as defined in that announcement) have today been admitted to listing on the equity shares (transition) category of the Official List of the Financial Conduct Authority (\"ES(T)C Listing\"; \"FCA\") and to trading on the main market for listed securities of London Stock Exchange plc (\"Main Market\"; \"LSE\"). Following admission, the notification of transactions forms in respect of participations in Fundraising Shares and Fundraising Warrants (as also defined in that announcement) by Professor Ronjon Nag, Richard Edwards and Sarah Davy are shown below.\n \nConversion of all outstanding CLNs and issue of CLN Shares and Fee Shares\n \nFurther to the Company's announcement on 17 October 2024 (RNS Number: 6526I), the remaining convertible loan noteholders have converted their outstanding convertible loan notes (\"CLNs\") into 123,000,000 new ordinary shares of nominal value £0.00001 each in the capital of the Company (the \"CLN Shares\"; \"Ordinary Shares\"). Following the issuance of the CLN Shares, there are no CLNs outstanding.\n \nIn addition, the Company has issued the remaining fee shares as outlined in the Company's announcement on 29 January 2025 (RNS Number: 1581V). A total of 63,492,063 new ordinary shares (the \"Fee Shares\") have been issued to settle outstanding fees.\n \nApplications have been made to the FCA and the LSE for admission of the CLN Shares and the Fee Shares (together, the \"New Ordinary Shares\") and it is expected that 186,492,063 New Ordinary Shares will be admitted to an ES(T)C Listing and to trading on the Main Market of the LSE at or around 8.00 a.m. on 11 April 2025.\n \nFollowing admission, the Company will have 3,121,102,336 Ordinary Shares in issue, none of which are held in treasury. Therefore, the total number of voting rights in the Company shall be 3,121,102,336.\n \nThe above figure of 3,121,102,336 may be used by shareholders of the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a...