Business
Completion of Equity Fundraising
Completion of Equity Fundraising.
About this update from Krm22 Plc
[{"type":"text","content":"\n \n \n RNS Number : 8352M\n KRM22 PLC\n 14 May 2020\n \n \n \n \n THIS ANNOUNCEMENT, INCLUDING THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\n \n \n THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY. IT IS NOT AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY NEW ORDINARY SHARES OF KRM22 PLC WHETHER IN THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR OTHERWISE OR IN ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\n \n \n THE INFORMATION COMMUNICATED IN THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AND UPON PUBLICATION OF THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n \n \n \n \n KRM22 plc\n(\"KRM22\", the \"Group\" or the \"Company\")\n \n \n Completion of Equity Fundraising\n \n \n KRM22 plc (AIM: KRM), the technology and software investment company, is pleased to announce that further to the announcement made of 11 May 2020, it has concluded the equity fundraising and has conditionally raised gross proceeds of approximately £1.145 million through a placing of 3,816,666 new ordinary shares of 10 pence each in the Company (\"Ordinary Shares\") (the \"Placing Shares\") at a price of 30 pence per Ordinary Share (the \"Placing Price\") from new and existing shareholders. The Placing uses the Company's existing share authorities to issue the Placing Shares. \n \n \n The Company has also received notice from Keith Todd, Executive Chairman and CEO of the Company, Kim Suter, Chief Financial Officer, and Steve Sparke, Non-Executive Director and an employee of the Company of their intention to make a further equity investment of an aggregate of approximately £135,000 in the Company in which they have irrevocably committed to subscribe for those 449,998 new Ordinary Shares...