Business
Issue of Equity
Sealand Capital Galaxy Limited has announced a subscription agreement with Executive Director Mr. Siqi Cao for 444,371,233 new ordinary shares at £0.001 each, raising approximately £444,371.23 in gross proceeds. This transaction, considered a material related party transaction, will provide additional working capital and demonstrates continued support from a senior executive. Upon completion, the new shares will represent approximately 30.5% of the Company's enlarged issued share capital, bringing the total to 1,455,905,989 ordinary shares. Admission of the new shares to the London Stock Exchange is expected around March 16, 2026. Disclaimer*
About this update from Sealand Capital Galaxy Ltd.
[{"type":"text","content":"\n\nTHE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014, AS AMENDED WHICH, BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, FORMS PART OF UK LAW. ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE (\"RIS\"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n11 March 2026\n \nSealand Capital Galaxy Limited\n(\"Sealand\" or the \"Company\")\n \nIssue of Equity\nSealand Capital Galaxy Limited (LSE: SCGL) announces that it has entered into a subscription agreement with Mr. Siqi Cao, an Executive Director of the Company, pursuant to which Mr. Cao has conditionally agreed to subscribe for 444,371,233 new ordinary shares of £0.0001 each in the capital of the Company (the \"Subscription Shares\") at a price of £0.001 per Subscription Share (the \"Subscription Price\"), raising gross proceeds of approximately £444,371.23 (the \"Subscription\").\nRelated Party Transaction\nMr. Siqi Cao is an Executive Director of the Company and is therefore considered a related party for the purposes of Rule 7.3 of the Disclosure Guidance and Transparency Rules. Accordingly, the Subscription constitutes a material related party.\nMr. Cao did not participate in the Board's consideration of the Subscription or vote on the relevant Board resolution.\nThe independent Directors of the Company, being all Directors other than Mr. Cao, consider, having exercised reasonable care, skill and diligence, that the terms of the Subscription are fair and reasonable insofar as the shareholders of the Company who are not related parties are concerned.\nThe Board believes that the Subscription provides the Company with additional working capital and demonstrates continued support for the Company's strategy from a senior executive director\nIssue of Shares\nThe Subscription and the issue of the Subscription Shares are conditional on Admission. The Company already has authority to issue the Subscription Shares, which was granted at its AGM on 10 January 2025 and remains in force.\nAt the date of this announcement, the Company had 1,011,534,756 ordinary shares in issue. If the Subscription completes in full, the Subscription Shares would represent approximately 30.5 per cent. of the Co...