Business
Exercise of Warrants and Total Voting Rights
Exercise of Warrants and Total Voting Rights.
About this update from Fadel Partners, Inc.
[{"type":"text","content":"\n\n \n04 August 2023\nFadel Partners, Inc.\n('FADEL', the 'Company' or, together with its subsidiaries, the 'Group')\nExercise of Warrants and Total Voting Rights\nFadel Partners, Inc., a brand compliance, rights and royalty management software provider, announces that following receipt of two notices to exercise warrants over a total of 121,925 common shares of $0.001 in the Company (the \"Common Shares\") on a net exercise basis, the Company has concluded the exercise resulting in the issuance of 39,958 Common Shares. These warrants were issued in July 2016 as part of a previous capital raising process. As the warrants were exercised on a net exercise basis there are no proceeds due to the company and following the exercise, no warrants remain outstanding in the Company.\nAdmission and Total Voting Rights\nFollowing the exercise of the warrants, application has been made to the London Stock Exchange for the issue of depositary interests over 39,958 new Common Shares, which will rank pari passu with the Company's existing Common Shares, to be admitted to trading on AIM. It is expected that Admission will become effective and dealings will commence at 8:00 a.m. on 9 August 2023.\nFollowing Admission, the Company will have 20,231,250 common shares of $0.001 each in issue. Shareholders may use this figure as the denominator by which they are required to notify their interest in, or change their interest in, the Company under the Disclosure Guidance and Transparency Rules.\n \nFor further information please contact:\n\n\n\nTarek Fadel, Chief Executive Officer\nVicary Gibbs, Chief Financial Officer\n\n\nVia Alma PR \n\n\n\n\n\n\n\n\n\n\n\n\nfinnCap Limited (Nomad & Broker)\n\n\n020 7220 0500\n\n\n\n\nJonny-Franklin Adams, Emily Watts, Abigail Kelly, Milesh Hindocha (Corporate Finance)\n\n\n\n\n\n\n\nTim Redfern, Sunila De Silva (ECM)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAlma PR\n\n\nTel: +44(0)20 3405 0205\n\n\n\n\nJosh Royston\n\n\[email protected]\n\n\n\n\nAndy Bryant\n\n\n\n\n\n\n\nMatthew Young\n\n\n\n\n\n\n \nAbout FADEL Partners Inc.\nFADEL is a developer of cloud based brand compliance and rights and royalty management software, working with some of the world's leading licensors and licensees across media, entertainment, publishing, consumer brands and hi-tech/gaming companies. The Group combines the powe...