Business
Result of Broker Option and TVR
Result of Broker Option and TVR.
About this update from Pacsco Limited
[{"type":"text","content":"\n \n \n The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the UK version of the Market Abuse Regulations (EU) No. 596/2014 (\"MAR\"). With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM, AUSTRALIA, NEW ZEALAND, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.\n \n \n THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO BUY, ACQUIRE OR SUBSCRIBE FOR (OR THE SOLICITATION OF AN OFFER TO BUY, ACQUIRE OR SUBSCRIBE FOR) ORDINARY SHARES TO ANY PERSON WITH A REGISTERED ADDRESS IN, LOCATED IN, OR WHO IS A RESIDENT OF, THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL OR CONTRAVENE ANY REGISTRATION OR QUALIFICATION REQUIREMENTS UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.\n \n \n \n \n \n 22 March 2023\n \n \n Agriterra Limited ('Agriterra' or the 'Company')\n \n \n Agriterra Limited / Ticker: AGTA / Index: AIM / Sector: Agriculture\n \n \n Result of Broker Option and TVR\n \n \n Agriterra,\n the AIM-quoted African agricultural company, announces that, further to the announcement made on 20 March, the broker option, a facility to allow existing shareholders to participate in the fundraise on similar terms to the placing announced on 20 March (the \"Placing\") (\"Broker Option\"), has been fully subscribed.\n \n \n \n \n \n Demand was received under the Broker Option for £50,000, and the Company will therefore issue 5,000,000 ordinary shares (\"Broker Option Shares\"), conditional only on Admission, at 1 pence per share (\"Issue Price\"), being the same price as the Placing.\n Each Broker Option Share will rank pari passu with existing Ordinary Shares and will be issued with one\n Protected In-the-money Loyalty Warrant (\"Pilow\")\n for every Broker Option Share issued under the same terms as announced on 20 March.\n \n \n \n \n \n Further Magister Debt Conversion\n \n \n As previously noted, as part of the Broker Option, Mag...