Business
Placing, RPTs, Warrants & Directors' dealings
Placing, RPTs, Warrants & Directors' dealings.
About this update from Mindflair Plc
[{"type":"text","content":"\n \n \n 1 August 2022\n \n \n \n \n \n \n \n \n Pires Investments Plc\n \n \n \n \n \n(\"Pires\" or the \"Company\")\n \n \n \n \n \n \n Placing, Related Party Transactions, Issue of Warrants and Directors' dealings\n \n \n \n \n \n \n Pires Investments plc (AIM: PIRI), the investment company focused on next generation technology, announces that the Company has placed 12,500,000 new ordinary shares in the Company (the \"Placing Shares\"), at a price of 4 pence per share, raising gross proceeds of £500,000 (the \"Placing\"), subject to admission to trading on AIM. The Placing Shares have been placed at a 4 per cent. premium to the closing mid-price of the ordinary shares on 29 July 2022.\n \n \n \n \n \n Placees will also receive one warrant for every two ordinary shares subscribed for, exercisable at 8 pence from the date of Admission (defined below) and expiring on the one-year anniversary of the date of Admission (the \"Placing Warrants\"). In aggregate, 6,250,000 Placing Warrants will be issued.\n \n \n \n \n \n The following Directors have subscribed, in aggregate, for 750,000 new ordinary shares as part of the Placing. Their subscription for new Ordinary Shares is on the same terms and conditions as the Placing.\n \n \n \n \n \n \n \n \n \n \n Director\n \n \n \n \n \n \n Number of new Ordinary Shares subscribed for pursuant to the Placing\n \n \n \n \n \n \n Resulting holding of Ordinary Shares\n \n \n \n \n \n \n Resulting % of Ordinary Share Capital following the Placing\n \n \n \n \n \n \n No. of Placing Warrants issued pursuant to the Placing\n \n \n \n \n \n \n Resulting warrants held following the Placing\n \n \n \n \n \n \n \n Nicholas Lee\n \n \n \n \n 350,000\n \n \n \n \n 350,000\n \n \n \n \n 0.19%\n \n \n \n \n 175,000\n \n \n \n \n 175,000\n \n \n \n \n \n \n John May\n \n \n \n \n 200,000\n \n \n \n \n 200,000\n \n \n \n \n 0.11%\n \n \n \n \n 100,000\n \n \n \n \n 100,000\n \n \n \n \n \n \n David Palumbo\n \n \n \n \n 200,000\n \n \n \n \n 200,000\n \n \n \n \n 0.11%\n \n \n \n \n 100,000\n \n \n \n \n 100,000\n \n \n \n \n \n \n \n \n \n Application will be made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM. Admission of the new ordinary shares is expected to occur on or around 26 August 2022 (\"Admission\")...