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DJ High Growth Capital PLC Undisclosed Warrants

TIDMHASH

RNS Number : 5523Y

High Growth Capital PLC

09 May 2019

THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE EU MARKET ABUSE REGULATION (596/2014). UPON PUBLICATION OF THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

9 May 2019

High Growth Capital plc

("HGC" or the "Company")

Undisclosed Warrants

It has come to the Directors' attention that a warrant instrument was entered into by the Company with Peterhouse Capital Limited, the Company's previous NEX advisor. The warrant instrument was dated on or around 16 October 2018 and sanctioned by the Directors of the Company at that time.

The warrant instrument gives the previous NEX advisor the right to subscribe for approximately 87 million ordinary shares in the capital of the Company at a price of 0.8 pence per share (equivalent to 3 per cent. of the outstanding capital of the Company at the end of 2018).

The existence of this Warrant was not disclosed publicly in the 16 October 2018 shareholder circular or in its audited accounts for the period ended 30 September 2018.

The Directors are committed to the highest standards of disclosure and accordingly, having discovered the existence of this warrant instrument, consider it to be material in nature and justifying specific disclosure.

The person who arranged for the release of this announcement on behalf of HGC is Anne Stratford, Chief Legal and Commercial Officer.

Contact details:

 
                          Jens Zimmermann        +44 (0)207 583 
The Company                Anne Stratford         4055 
Whitman Howard 
 NEX Exchange Corporate   Nick Lovering          +44 (0)207 659 
 Adviser                   Christopher Furness    1234 
                          ---------------------  -------------- 
                          Hilary Buchanan        +44 (0)203 405 
Alma PR                    Caroline Forde         0205 
                          ---------------------  -------------- 
 

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(END) Dow Jones Newswires

May 09, 2019 08:15 ET (12:15 GMT)