DJ Sativa Group PLC Exercise of Options
RNS Number : 0618L
Sativa Group PLC
03 September 2019
3 September 2019
Sativa Group Plc
("Sativa" or "the Group" or "the Company")
Exercise of Options
Sativa Group Plc (NEX: SATI), announces that it has allotted 7,000,000 new ordinary shares of 0.25 pence each in the Company ("Ordinary Shares") pursuant to the exercise of share options. Application has been made for the new Ordinary Shares to be admitted to trading on the NEX Exchange Growth Market ("Admission") and Admission is expected to become effective on 9 September 2019.
The option holder has exercised 7,000,000 options with an exercise price of 0.5p. Gross proceeds of GBP35,000 have been received by the Company and will be used for general working capital purposes. The option holder is restricted from disposing of shares or any interest in shares until 30 August 2020 without the approval of Cenkos Securities, the Company's Corporate Adviser.
The new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares of the Company.
Following Admission, the Company's issued share capital will comprise 534,689,167 Ordinary Shares, which number may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules. The Company does not hold any shares in treasury.
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For further information please contact:
Henry Buckley Joseph Colliver Chief Executive Officer Chief Financial Officer Sativa Investments PLC Sativa Investments PLC +44 (0) 20 7971 1255 +44 (0) 20 7971 1255 firstname.lastname@example.org email@example.com NEX Exchange Corporate Adviser Corporate Finance Stephen Keys / Max Gould Cenkos Securities plc +44 (0) 20 7397 8900 Equity Sales Julian Morse Cenkos Securities +44 (0) 20 7397 8900 Financial PR and IR Abchurch Communications Julian Bosdet +44 (0) 20 7459 4070 +44 (0) 7771 663 886 SativaInvestments@abchurch-group.com www.abchurch-group.com
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(END) Dow Jones Newswires
September 03, 2019 08:16 ET (12:16 GMT)