Business
Issue of Equity
Issue of Equity.
About this update from Defi Development Corporation Uk Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION WILL BE CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n16 August 2024\n \nCykel AI PLC\n(\"Cykel\" or the \"Company\")\nIssue of Equity\nCykel (LSE:CYK), a UK-based technology company specialising in artificial intelligence (\"AI\") products that can interact with any UI, website, or API using natural language commands, announces that a service supplier will be converting his outstanding fees aggregating to £17,700 into equity at £0.059 per share, representing 300,000 Ordinary Shares of £0.01 in the Company (\"Ordinary Shares\").\nTotal Voting Rights:\nApplication will be made to the Financial Conduct Authority (\"FCA\") for admission of the Placing Shares to the standard listing segment of the Official List and to the London Stock Exchange (the \"LSE\") for admission to trading of the Placing Shares on the LSE's Main Market for listed securities (together \"Admission\"). It is expected that Admission will take place at or around 8.00 a.m. on or around 22 August 2024.\nFollowing Admission, the Company confirms that its total issued share capital will consist of 418,640,862 Ordinary Shares, with one voting right per Ordinary Share. 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 calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company pursuant to the FCA's Disclosure Guidance and Transparency Rules.\nFor further information, please contact:\n\n\n\n\nCykel AI plc \n \n\n\n\n\nJonathan Bixby \n\n\nVia First Sentinel \n \n\n\n\n\nFirst Sentinel (Corporate Adviser) \n \n\n\n\n\nBrian Stockbridge \n \n\n\[email protected] \n \n+44 (0) 7858 888 007\n\n\n\n\nClear Capital Markets (Broker) \n \n\n\n\n\nBob Roberts \n\n\n+44 (0) 20 3869 6080 \n\n\n\n\n \nAbout Cykel AI plc:\nAs the global artificial intelligence market is expe...