Business
MicroSalt Primary Bid Offer Files Schedule One
MicroSalt Primary Bid Offer Files Schedule One.
About this update from Tekcapital Plc
[{"type":"text","content":"\n\n\nThis is a Reach announcement and the information contained is not considered to be material or to have a significant impact on management's expectations of the Company's performance. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.\n3 October2023\nTekcapital Plc\n(\"Tekcapital\")\n \nMicroSalt® Launches PrimaryBid Offer & Files Schedule One form with London Stock Exchange\n \nTekcapital Plc (AIM: TEK) the UK intellectual property investment group focused on creating valuable products that can improve people's lives, is pleased to announce that its portfolio company Microsalt Ltd (\"Microsalt\") has launched a PrimaryBid offer to acquire up to £2.5m of new MicroSalt shares concomitant with and conditional upon its proposed IPO on the AIM Market. MicroSalt has also filed a Schedule One form with The London Stock Exchange plc with regard to its proposed IPO.\nAbout MicroSalt\nMicroSalt is dedicated to providing food technology solutions that enable people to live longer, healthier, and happier lives. Its patented low-sodium salt delivers natural salt with approximately 50% less sodium and may be used by both consumers and food manufacturers who wish to decrease the amount of sodium in their food. MicroSalt is 100% natural, non-GMO, gluten free, Kosher and contains no potassium chloride. To learn more about MicroSalt and MicroSalt® products, please visit www.microsalt.co.\nTekcapital owns 87.3% of the share capital of MicroSalt Ltd. and 7,279,559 shares (91.7%) of MicroSalt Inc., its U.S. subsidiary.\nAbout Tekcapital plc\nTekcapital creates value from investing in new, university-developed discoveries that can enhance people's lives and provides a range of technology transfer services to help organisations evaluate and commercialise new technologies. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in the UK. For more information, please visit www.tekcapital.com.\n \nLEI: 213800GOJTOV19FIFZ85\nFor further information, p...