Back to all announcements

DJ AfriAg Global Plc Subscription of GBP160,000 and further investment

 
TIDMAFRI 
 
14 November 2019 
 
                               AfriAg Global PLC 
 
                          ('AfriAg' or the 'Company') 
 
               Subscription of GBP160,000 and further investment 
 
AfriAg Global PLC, a company admitted to trading on London's NEX Exchange 
(Ticker: AFRI), announces that it has raised GBP160,000, before expenses, through 
the subscription for 160,000,000 new ordinary shares of 0.1 pence each in the 
Company (the "Subscription Shares") at a price of 0.1 pence per share (the 
"Subscription"). The Subscription Shares will represent 5.0% of the enlarged 
issued share capital of the Company. 
 
The funds from this Subscription will be used for further investment into 
Apollon Formularies Limited (" Apollon "). The Company has agreed with Apollon 
a UK incorporated company, to: subscribe for a further 640,000 shares in 
Apollon at a price per share of GBP0.25 which will result in the Company holding 
a 2.68% stake in Apollon to date. 
 
Application will be made for the 160,000,000 Subscription Shares to be admitted 
to trading on the NEX Exchange Growth Market and it is expected that admission 
will occur on or around 21 November 2019 . 
 
Following Admission, the Company's enlarged issued share capital will comprise 
3,171,001,037 ordinary shares. The Company does not hold any shares in 
treasury. 
 
This figure of 3,171,001,037 ordinary shares 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 directors of the Company accept responsibility for the contents of this 
announcement. 
 
                                    -ENDS- 
 
For further information on AfriAg Global please visit the www.afriagglobal.com 
or please contact; 
 
AfriAg Global Plc: 
 
David Lenigas (Executive Chairman)                                     +44 (0) 
20 7440 0640 
 
Peterhouse Capital Limited                                                 +44 
(0)20 7469 0930 
 
Guy Miller 
 
 
 
END 
 

(END) Dow Jones Newswires

November 14, 2019 11:21 ET (16:21 GMT)