Business
Settlement of Historical Contract
Sabien Technology Group Plc has reached a settlement for a historic contract, agreeing to pay £90,000 in total. This settlement comprises £40,000 in cash, payable in four quarterly instalments starting this month, and £50,000 in Sabien ordinary shares issued at 5.71 pence per share, totaling 875,657 new shares. Application will be made for these settlement shares to be admitted to trading on AIM around May 27, 2026, at which point the company will have 27,669,142 ordinary shares in issue. Disclaimer*
About this update from Sabien Technology Group Plc
[{"type":"text","content":"\n\nThe information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation.\n \n20 May 2026\n \nSabien Technology Group Plc\n(\"Sabien\", the \"Company\" or the \"Group\")\n \nSettlement of Historical Contract\n \nSabien (AIM: SNT), a provider of CO₂ and energy-reduction technologies with its core M2G intelligent boiler optimisation solution, announces a settlement agreement in relation to a historic contract.\nThe Company's wholly owned subsidiary, Sabien Technology Limited, entered into an agreement at the time of the Company's IPO in 2006, as part of the acquisition of the M2G intellectual property (the \"Contract\"). In the Company's June 2025 Annual Report, the Company disclosed in Note 23 that a provision had been made for £50,000 in relation to a general provision for a payment obligation in relation to legacy contract liabilities and related costs. The board of directors of Sabien (the \"Board\" or the \"Directors\") have now concluded negotiations regarding the Contract and the Company has agreed a full and final settlement (the \"Settlement\").\nUnder the Settlement, the Company will pay a total of £90,000, made up as follows:\n \n· £40,000 in cash, to be paid in four equal quarterly instalments, the first payment to be made this month.\n· £50,000 in Sabien ordinary shares of 3 pence each (\"Ordinary Shares\"), at a price of 5.71 pence per Ordinary Share, a total of 875,657 new Ordinary Shares (the \"Settlement Shares\"). This price was calculated on the 10-trading day volume-weighted average price prior to this announcement. \n \nAdmission to trading on AIM\n \nApplication will be made to the London Stock Exchange plc for the Settlement Shares to be admitted to trading on AIM (\"Admission\").\n \nIt is currently anticipated that Admission will become effective and that dealings in the Settlement Shares will commence on AIM at 8.00 a.m. on or around 27 May 2026.\n \nTotal voting rights\n \nOn Admission, the Company will have 27,669,142 Ordinary Shares in issue, each with one voting right. There are no shares held in treasury. Therefore, the Company's total number of Ordinary Shares in issue and voting rights will be 2...