Back to all announcements

DJ Sativa Group PLC Exercise of Options

TIDMSATI

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.

- Ends -

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 
  enquiries@sativainvestments.co.uk       enquiries@sativainvestments.co.uk 
 
   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 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

NEXBXLFBKKFLBBD

(END) Dow Jones Newswires

September 03, 2019 08:16 ET (12:16 GMT)