Business
Exercise of Warrants and Issue of Shares
Exercise of Warrants and Issue of Shares.
About this update from Phoenix Digital Assets (gibraltar) Plc
[{"type":"text","content":"\n\n01 December 2023\n \nNFT Investments PLC\n(\"NFT Investments\" or the \"Company\")\nExercise of Warrants and Issue of Shares \nNFT Investments PLC (AQSE: NFT), an investment firm specialising in the market for non-fungible tokens (\"NFTs\"), announces that it has received notice from Timothy Vincent Le Druillenec Non-Executive Director of the Company to exercise warrants over 1,000,000 ordinary shares of £0.001 each in the Company (\"Ordinary Shares\") at an exercise price of 1p per Ordinary Share (\"New Ordinary Shares\"). As a result, the Company will issue 1,000,000 new Ordinary Shares to the exercising warrant holder.\n \nFollowing the Exercise, Timothy Vincent Le Druillenec holds 5,000,000 Ordinary Shares in the Company, which represents approximately 0.50% of the enlarged issued share capital of the Company. Additionally, Timothy Vincent Le Druillenec holds 2 million warrants with an exercise price of 1p per Ordinary Share that remain unexercised.\n \nApplication will be made for the New Ordinary Shares, which will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on the AQSE Growth Market (\"Admission\"). Dealings are expected to commence on or around 6 December 2023.\n \nTotal Voting Rights\n \nFollowing Admission, the Company's total issued and voting share capital will consist of 1,009,000,000 Ordinary Shares. The Company does not hold any ordinary shares in treasury.\n \nThe above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.\n \nThis announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\nThe FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation, is appended below. \nThe directors of NFT Investments accept responsibility for this announcement.\nFor further information please contact:\n\n\n\n\nNFT In...