Back to all announcements

DJ Ananda Developments Plc Exercise of Warrants

 
TIDMANA 
 
3 February 2020 
 
                            ANANDA DEVELOPMENTS PLC 
 
                          ("Ananda" or the "Company") 
 
                             Exercise of Warrants 
 
Exercise of Warrants 
 
Ananda announces that 23,041,666 ordinary shares of 0.2p each in the Company 
("Ordinary Shares") have been issued following the exercise of warrants at a 
price of 0.2p per share. The warrants have been exercised by Melissa Sturgess, 
Chief Executive Officer of the Company. Following this exercise, Ms. Sturgess 
is interested in 69,653,888 Ordinary Shares, representing 15.79 per cent of the 
Company's enlarged issued share capital. 
 
Application will be made for the Ordinary Shares to be admitted to trading on 
the NEX Exchange Growth Market and admission is expected to become effective on 
6 February 2020. 
 
Concert Party Interest 
 
Following the issue of Ordinary Shares referred to above, the members of the 
Concert Party, whose names are set out below, are interested, in aggregate, in 
190,742,776 Ordinary Shares, representing 43.24 per cent of the Company's 
enlarged issued share capital. The maximum potential interest of the Concert 
Party in the voting rights of the Company remains as set out in the table 
below: 
 
Concert Party     Current      Founder    Subscription  Contingent   Exercise of    Maximum       Maximum 
    Member      holding of     Warrants     Warrants   Consideration   Options    interest in   percentage 
                 Ordinary                                 Shares                   Ordinary     interest in 
                  Shares                                                            Shares     voting rights 
                                                                                   following     following 
                                                                                  exercise of   exercise of 
                                                                                  the Founder   the Founder 
                                                                                   Warrants,     Warrants, 
                                                                                  exercise of   exercise of 
                                                                                      the           the 
                                                                                 Subscription  Subscription 
                                                                                 Warrants, the Warrants, the 
                                                                                 issue of the  issue of the 
                                                                                  Contingent    Contingent 
                                                                                 Consideration Consideration 
                                                                                  Shares and    Shares and 
                                                                                  exercise of   exercise of 
                                                                                    Options       Options 
 
Charles Morgan 
                22,500,000    23,041,666       -        100,000,000       -       145,541,666     19.06% 
 
Melissa 
Sturgess        69,653,888        -            -        100,000,000       -       169,653,888     22.22% 
 
Jeremy 
Sturgess-Smith   1,700,000        -            -             -       10,451,389   12,151,389       1.59% 
 
Peter 
Redmond          5,000,000        -            -             -            -        5,000,000       0.65% 
 
Alex 
Gostevskikh          -            -            -             -            -            -             - 
 
Michael 
Langoulant       3,000,000        -            -             -            -        3,000,000       0.39% 
 
 
URA             88,888,888        -        88,888,888        -            -       177,777,776     23.29% 
 
TOTAL HOLDING 
OF 
CONCERT PARTY   190,742,776   23,041,666   88,888,888   200,000,000  10,451,389   513,124,719     67.21% 
 
TOTAL SHARES 
IN ISSUE        441,097,220  464,138,886  553,027,774   753,027,774  763,479,163  763,479,163 
 
Words and expressions defined in the circular to shareholders in the Company 
dated 24 May 2019, which is available on the Company's website at 
www.anandadevelopments.com, have the same meaning in this announcement. 
 
Total Voting Rights 
 
In accordance with the Financial Conduct Authority's Disclosure and 
Transparency Rules, Ananda announces that, following the issue of Ordinary 
Shares referred to above, the Company now has 441,097,220 Ordinary Shares in 
issue, each share carrying the right to one vote. 
 
This figure of 441,097,220 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. 
 
                                    -Ends- 
 
The Directors of the Company accept responsibility for the contents of this 
announcement. 
 
ANANDA DEVELOPMENTS PLC                                 +44 (0)7717 573 235 
Chief Executive Officer                           ir@anandadevelopments.com 
Melissa Sturgess 
 
Investor Relations 
Jeremy Sturgess-Smith 
 
PETERHOUSE CAPITAL LIMITED                              +44 (0)20 7469 0930 
Corporate Finance 
Mark Anwyl 
Allie Feuerlein 
 
Corporate Broking 
Lucy Williams 
Duncan Vasey 
 
STANFORD CAPITAL PARTNERS LIMITED                       +44 (0)20 3815 8880 
Joint Corporate Broker 
John Howes 
Patrick Claridge 
 
CELICOURT COMMUNICATIONS                                +44 (0)20 8434 2643 
Mark Antelme 
Ollie Mills 
 
 
 
  Notification and public disclosure of transactions by persons discharging 
    managerial responsibilities and persons closely associated with them. 
 
1   Details of the person discharging managerial responsibilities / person 
    closely associated 
 
a)  Name           Melissa Sturgess 
 
2   Reason for the notification 
 
a)  Position/      Chief Executive Officer 
    status 
 
b)  Initial        Initial 
    notification / 
    Amendment 
 
3   Details of the issuer, emission allowance market participant, auction 
    platform, auctioneer or auction monitor 
 
a)  Name           Ananda Developments plc 
 
b)  LEI            894500DFM8VOC5FW4X47 
 
4   Details of the transaction(s): section to be repeated for (i) each type of 
    instrument; (ii) each type of transaction; (iii) each date; and (iv) each 
    place where transactions have been conducted 
 
a)  Description of 
    the financial  Ordinary Shares of 0.2p each 
    instrument, 
    type of        ISIN: GB00BDQPXQ60 
    instrument 
    Identification 
    code 
 
b)  Nature of the  Exercise of Warrants 
    transaction 
 
c)  Price(s) and   23,041,666 Ordinary Shares at 0.2p per share 
    volume(s) 
 
d)  Aggregated     N/A 
    information 
    - Aggregated 
    volume 
    - Price 
 
e)  Date of the    31 January 2020 
    transaction 
 
f)  Place of the   NEX Exchange Growth Market 
    transaction 
 
Market Abuse Regulation (MAR) Disclosure 
 
The information contained within this announcement is deemed by the Company to 
constitute inside information as stipulated under the Market Abuse Regulations 
(EU) No. 596/2014. Upon the publication of this announcement via a Regulatory 
Information Service, this inside information is now considered to be in the 
public domain. 
 
 
 
END 
 

(END) Dow Jones Newswires

February 03, 2020 02:01 ET (07:01 GMT)