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DJ Ananda Developments Plc Admission to trading on the NEX Exchange Growth Market

 
TIDMANA 
 
4 July 2018 
 
                            ANANDA DEVELOPMENTS PLC 
                          ("Ananda" or the "Company") 
 
            Admission to trading on the NEX Exchange Growth Market 
 
Ananda Developments plc (TIDM: ANA) is pleased to announce that trading in the 
329,166,666 ordinary shares of 0.2 pence each in the Company ("Ordinary 
Shares") shall commence at 8.00am, today on the NEX Exchange Growth Market 
("Admission"). 
 
Melissa Sturgess, Executive Director of Ananda commented: "We are delighted 
with the response to our offering.  We have already built strong relationships 
in the medicinal cannabis space in Israel and Canada and look forward to 
bringing our shareholders some really interesting investments in the near 
future." 
 
Ananda was established to invest in the developing market for medicinal or 
therapeutic Cannabis derivatives, or related products, including but not 
limited to nutraceuticals, dietary supplements and cosmetic products which 
contain Cannabis or hemp derived cannabinoids. The Directors believe that this 
market is growing due to an increasing number of states in the USA, as well as 
other countries around the world, changing their laws to allow for products 
containing constituents of Medicinal Cannabis to be developed, approved and 
sold. 
 
Ananda's investment strategy is to invest in companies, projects or products 
that are either progressing medicinal or therapeutic Cannabis research and 
development, or are developing or have already developed, products that contain 
Cannabis derived cannabinoids and require funding to progress work plans or 
commercialise products. Ananda will look to invest in companies or projects in 
Israel, Canada and the Netherlands. 
 
In conjunction with Admission, Peterhouse Capital Limited has completed a 
placing to raise GBP930,000 (before expenses), on behalf of the Company, 
through the issue of 206,666,666 Ordinary Shares at a price of 0.45p per 
Ordinary Share. 
 
Directors' Interests 
 
On Admission, the interests of the Directors and their immediate families and, 
so far as they are aware having made due and careful enquiries, of persons 
connected with them (all of which are beneficial, unless otherwise stated) (so 
far as is known to the Directors, or could with reasonable diligence be 
ascertained by them), (within the meaning of sections 252 to 254 of the UK 
Companies Act 2006) in the Issued Share Capital will be as follows: 
 
Director                      Number of Ordinary      % of Ordinary 
                             Shares on Admission   Shares in issue on 
                                                        Admission 
 
Melissa Josephine Sturgess*       47,222,222              14.35 
 
Charles Waite Morgan              22,500,000              6.84 
 
John Michael Treacy                  nil                   nil 
 
Inbar Maymon Pomeranchik             nil                   nil 
 
*including Ordinary Shares held by members of her family and in the name of 
Palace Trading Investments Limited, a company which is beneficially owned by 
Melissa Sturgess 
 
Significant Shareholders 
 
In addition to the Directors' interests, the Board are aware of the following 
persons who will, directly or indirectly, jointly or severally, be interested 
in 3 per cent. or more of the issued Ordinary Shares at Admission: 
 
Name                              Number of     % of Ordinary Shares 
                               Ordinary Shares      in issue on 
                                on Admission         Admission 
 
Jarvis Nominees Limited           48,888,889           14.85% 
 
Lynchwood Nominees Limited        35,000,000           10.63% 
 
Mr Edward Nealon                  22,222,222           6.75% 
 
Trium Capital Limited             16,666,667           5.06% 
 
Redmayne Bentley                  15,000,000           4.56% 
 
Nomura International Limited      11,111,111           3.38% 
 
Pershing Nominees Limited         11,111,111           3.38% 
 
Approximately 56.37 per cent of the Company's issued share capital will be in 
public hands at Admission. 
 
A copy of the Company's Admission Document will be available at 
www.anadadevelopments.com and at www.nexexchange.com. 
 
The Directors of the Company accept responsibility for the contents of this 
announcement. 
 
                                     ENDS 
 
For further information, please contact: 
 
Ananda Developments plc                                   +44 (0)739 269 6517 
Melissa Sturgess 
Jeremy Sturgess-Smith 
 
Peterhouse Capital Limited                                +44 (0)20 7469 0930 
Fungai Ndoro 
Mark Anwyl 
 
 
 
END 
 

(END) Dow Jones Newswires

July 04, 2018 02:00 ET (06:00 GMT)