Business
Update on Fundraising
Update on Fundraising.
About this update from Krm22 Plc
[{"type":"text","content":"\n \nRNS Number : 6550X KRM22 PLC 01 May 2019 \n\nKRM22 plc\n \n(\"KRM22\" or the \"Company\")\n \nUpdate on Fundraising\n \nKRM22 plc, (AIM: KRM) the technology and software investment company that focuses on risk management for capital markets, announces further to its announcement of 3 April 2019 regarding the fundraising, that Keith Todd, Executive Chairman and CEO of the Company, will subscribe for 235,295 new ordinary shares of 10 pence each in the Company (\"Ordinary Shares\") at a price of 85 pence (the \"Subscription\") which he irrevocably undertook to do should the final tranche of the fundraising subscription not complete by 30 April 2019. \n \nKeith Todd will be making the Subscription following the publication of the Company's final results for the year ended 31 December 2018, which is expected by late May to mid-June 2019. A further announcement will be made when the Subscription is complete.\n \nAlso further to the announcement of 3 April 2019, the proposed on-market trade on behalf of Stephen Casner, Chief Executive Officer USA of the Company, to purchase 129,412 Ordinary Shares at the Issue Price from finnCap has not yet been possible to execute and settle. Stephen Casner continues to explore ways to complete this investment in the Company and if it is possible, will do so following the publication of the Company's final results as referenced above.\n \nCapitalised terms not otherwise defined in this announcement shall have the same meaning ascribed to such terms in the Company's announcement on 3 April 2019 regarding the Fundraising, unless the context requires otherwise.\n \nFor further information please contact:\n \nKRM22 plc [email protected]\nKeith Todd CBE, Executive Chairman and CEO\nKaren Bach, COO\n \nfinnCap Ltd (Nominated Adviser and Sole Broker) &...