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About this update from Seeen Plc
[{"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 REGULATIONS (EU) NO. 596/2014 WHICH HAS BEEN INCORPORATED INTO UK LAW BY THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n17 July 2024\n \nSEEEN plc\n(\"SEEEN\" or the \"Company\")\nSubscription for new Ordinary Shares to raise £45,000\n \nTotal voting rights\n \nSEEEN plc (AIM: SEEN), the global media and technology platform that delivers Key Video Moments to drive Video Commerce and transform its clients' video profitability, announces that further to the Fundraise announced on 31 May 2024, it has raised a further £45,000 on the same terms as those of the Fundraise from certain existing investors who were unable to participate in the Fundraise. \n \nUtilising the Directors' existing authorities given by Shareholders to issue new ordinary shares of 0.1 pence each in the Company (\"Ordinary Shares\") for cash on a non-pre-emptive basis, the Company has raised gross proceeds of £45,000 through a subscription, and the allotment and issue by the Company (subject to Admission, as defined below) of 1,500,000 new Ordinary Shares (the \"Subscription Shares\") at an issue price of 3 pence per Subscription Share (the \"Subscription\"). Each investor will also receive one Warrant for every one Subscription Share subscribed for pursuant to the Subscription, with each Warrant entitling the holder to acquire one new Ordinary Share at a price of 4.5 pence at any time prior to 19 June 2026. The net proceeds of the Subscription will be used for working capital purposes.\n \nApplication for Admission\n \nApplication has been made for the Subscription Shares to be admitted to trading on AIM (\"Admission\") and it is expected that Admission will become effective and that dealings will commence at 8.00 a.m. on or around 19 July 2024. Once issued, the Subscription Shares will rank pari passu with the Company's existing Ordinary Shares.\n \nTotal voting rights\n \nFollowing Admission, the enlarged issued share capital of the Company will comprise 120,279,141 Ordinary Shares. The Company does not hold any ...