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About this update from Krm22 Plc
[{"type":"text","content":"\n \n \n RNS Number : 9984N\n KRM22 PLC\n 27 May 2020\n \n \n \n KRM22 plc\n(\"KRM22\", the \"Group\" or the \"Company\")\n Subscription\n KRM22 plc (AIM: KRM), the technology and software investment company, is pleased to announce that further to the announcement of 14 May 2020, Keith Todd, Executive Chairman and CEO of the Company, Kim Suter, Chief Financial Officer, Steve Sparke, Non-Executive Director (the \"Participating Directors\") and an employee of the Company have subscribed for an aggregate of 449,998 new ordinary shares of 10 pence each in the Company (\"Ordinary Shares\") at a price of 30 pence (the \"Subscription\").\n \n Following the Subscription, the Participating Directors will hold the following:\n \n \n \n \n \n \n \n \n \n \n \n \n Existing Shareholding\n \n \n \n \n Number of Ordinary Shares following the Subscription\n \n \n \n \n % of enlarged share capital\n \n \n \n \n \n \n Keith Todd\n \n \n \n \n 2,366,775\n \n \n \n \n 2,700,108\n \n \n \n \n 10.69%\n \n \n \n \n \n \n Kim Suter\n \n \n \n \n 10,000\n \n \n \n \n 26,666\n \n \n \n \n 0.11%\n \n \n \n \n \n \n Steve Sparke\n \n \n \n \n 189,903\n \n \n \n \n 273,236\n \n \n \n \n 1.08%\n \n \n \n \n \n \n \n \n The Participating Directors are considered to be \"related parties\" as defined under the AIM Rules due to their Board positions. Their participation in the Subscription constitute related party transactions for the purposes of Rule 13 of the AIM Rules. \n \n \n The Independent Directors (being the Directors of the Board, other than the Participating Directors) consider, having consulted with the Company's nominated adviser for the purposes of the AIM Rules, finnCap, that the terms of participation for shares fair and reasonable insofar as the Company's shareholders are concerned.\n \n \n Admission of the 449,998 new Ordinary Shares is expected to become effective on 29 May 2020 (\"Admission\"). Following Admission, KRM22 will have 25,264,693 Ordinary Shares in issue. All Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in treasury. The total number of voting rights in the Company immediately following Admission will therefore be 25,264,693.\n \n \n KRM22 plc [email protected]\n Keith Todd CBE, Executive Chairman and CEO\n Kim Suter, CFO\n \n finnCap Ltd (Nominated...