Business
Restoration of Trading
Restoration of Trading.
About this update from Defi Development Corporation Uk Plc
[{"type":"text","content":"\n\n \n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\n \nFOR IMMEDIATE RELEASE\n \n27 June 2024\nRECOMMENDED ALL SHARE OFFER\n \nfor\n \nCYKEL AI PLC\n \nby\n \nMUSTANG ENERGY PLC\n \nto be implemented by means of a scheme of arrangement\n \nunder Part 26 of the Companies Act 2006\n \nAdmission of New Mustang Shares and Mustang's enlarged share capital, completion of the Acquisition\n \nFurther to the announcement on 25 June 2024, Mustang Energy PLC (\"Mustang\") is pleased to confirm that, following the delivery of a copy of the Court Order sanctioning the Scheme to the Registrar of Companies, the Scheme has become Effective in accordance with its terms on 26 June 2024. Accordingly, the recommended all share offer for Mustang to acquire the entire issued share capital of Cykel AI PLC (\"Cykel\") (the \"Acquisition\") has been completed, the entire issued share capital of Cykel is now owned by Mustang and 400,345,563 new ordinary shares of £0.01 each in the capital of Mustang (the \"New Mustang Shares\") were admitted to listing on the standard listing segment of the Official List maintained by the Financial Conduct Authority (the \"FCA\") and to trading on the London Stock Exchange's main market for listed securities (the \"Main Market\"), with effect from 8.00 a.m. today, 27 June 2024.\n \nFollowing the admission of the New Mustang Shares and in accordance with the FCA's Disclosure Guidance and Transparency Rules, Mustang hereby notifies the market that Mustang's enlarged issued share capital as at today, 27 June 2024, consists of 412,507,529 ordinary shares of £0.01 each, and has been admitted to listing on the standard listing segment of the Official List and to trading on the Main Market. 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, Mustang under the FCA's Disclosure Guidance and Transparency Rules.\n \nOn admission and for the time being, Mustang's name will be Mustang E...