TIDMPNPL
RNS Number : 7153S
Pineapple Power Corporation PLC
18 July 2022
July 18, 2022
Pineapple Power Corporation PLC
("Pineapple Power" or "the Company")
Placing to raise GBP357,900
Pineapple Power Corporation plc is pleased to announce it has
raised GBP357,900 (before expenses) by way of a placing (the
"Placing") of 11,930,000 new Ordinary Shares of GBP 0.01 each (the
"Placing Shares") at a price of GBP 0.03 per share. A total of
9,630,000 shares were placed by the Company's brokers - Peterhouse
Capital and Axis Capital. In addition, certain Company insiders
participated in the Placing for a total of 2,300,000 shares -
Andrew Holland, Company Director, as to 1,000,000 shares, Clive de
Larrabeiti, Corporate Finance Advisor, as to 1,000,000 shares and
Peter Mills, Corporate Administrator, as to 300,000 shares.
The use of proceeds from the Placing will primarily be used for
legal and due diligence costs associated with and expected during
any future RTO transaction.
Clive de Larrabeiti, founding shareholder and Corporate Finance
Advisor of the Company stated that "We are delighted to be able to
raise this capital in the current market and are pleased to report
that this placing and issue of these shares was substantially
over-subscribed. We are grateful to the existing shareholders who
have followed their investment in Pineapple and welcome all new
ones. With the unremitting appetite to merge with fully listed cash
shells such as Pineapple Power on the London Stock Exchange
exhibited by private enterprises and the rapidly decreasing supply
of such vehicles we enjoy a very advantageous position and view the
coming months with much excitement. We hope to make further
announcements in due course."
Director participation in the placing
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them in accordance with the requirements of the
Market Abuse (Amendment) (EU exit) Regulations 2019/310 are set out
below:
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Andrew Holland
------------------------------------- ---------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------
a) Position/status PDMR (Non-Executive Director)
------------------------------------- ---------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
------------------------------------------------------------------------------
a) Name Pineapple Power Corporation PLC
------------------------------------- ---------------------------------------
b) LEI 213800BTD7JL99MTGQ68
------------------------------------- ---------------------------------------
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 Ordinary Shares of GBP 0.01 each
the financial
instrument, type
of instrument
Identification GB00BD0SN947
code
b) Nature of the Purchase of ordinary shares
transaction
------------------------------------- ---------------------------------------
c) Price(s) and volume(s)
----------------- -----------------
Price(s) Volume(s)
----------------- -----------------
GBP0.03 1,000,000
------------------------------------------------------------ -----------------
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 15 July 2022
------------------------------------- ---------------------------------------
f) Place of the transaction London Stock Exchange
------------------------------------- ---------------------------------------
Application for Admission and Total Voting Rights
The new Ordinary Shares to be issued pursuant to the Placing
will represent approximately 19.97 per cent of the issued ordinary
share capital of the Company prior to the Placing and subscription.
The Company will apply for admission of the Placing Shares to
listing on the standard listing segment of the Official List of the
FCA and to trading on the main market for listed securities of the
London Stock Exchange ("Admission"). The Placing Shares will rank
pari passu in all respects with the existing Ordinary Shares of GBP
0.01 in the capital of the Company. Admission of the Placing Shares
is expected to occur on or around 21 July 2022.
In accordance with the provision of the Disclosure Guidance and
Transparency Rules of the FCA ("DTRs"), the Company confirms that,
following Admission, its issued share capital will comprise
71,666,211 Ordinary Shares, each of which carries the right to
vote, with no Ordinary Shares held in treasury. This figure may be
used by Shareholders as the denominator for the calculations by
which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under
the DTRs.
The Directors of the Company accept responsibility for the
contents of this announcement.
ENQUIRIES
For further information, please visit -
www.pineapple-powercorp.com ,
follow us on Twitter - @PineapplePlc,
or contact:
Pineapple Power Corporation PLC
Claudio Morandi - Director +44 203 039 3913
Clive de Larrabeiti
Corporate Finance Advisor
clive.d.l@pineapple-powercorp.com +44 797 317 7973
-------------------
Joint Corporate Broker
Peterhouse Capital
Charles Goodfellow
cg@peterhousecap.com
+44 207 220 9791
Joint Corporate Broker
Axis Capital Markets
Richard Hutchison
rh@axcap247.com +44 203 026 0320
-------------------
Media Relations
David Burton
Total Market Solutions
davidburton.tms@gmail.com
The information contained within this announcement is deemed by
the Company to constitute inside information for the purposes of
Article 11 of The Market Abuse (Amendment) (EU Exit) Regulations
2019 (SI 2019/310). Upon publication of this announcement, this
inside information is now considered to be in the public
domain.
This announcement has been issued by and is the sole
responsibility of Pineapple Power.
This announcement is not intended to, and does not, constitute
or form part of any offer, invitation or the solicitation of an
offer to purchase, otherwise acquire, subscribe for, sell or
otherwise dispose of, or vote in any manner, any securities
pursuant to this announcement or otherwise. The distribution of
this announcement in jurisdictions outside the United Kingdom may
be restricted by law and therefore persons into whose possession
this announcement comes should inform themselves about, and observe
such restrictions. Any failure to comply with the restrictions may
constitute a violation of the securities law of any such
jurisdiction.
The statements contained in this announcement that are not
historical facts are "forward-looking" statements. These
forward-looking statements are subject to a number of substantial
risks and uncertainties, many of which are beyond the Company's
control and actual results and developments may differ materially
from those expressed or implied by these statements for a variety
of factors. These forward-looking statements are statements based
on the Company's current intentions, beliefs and expectations about
among other things, the Company's financial condition, prospects,
growth, strategies and the industry in which the Company operates.
Forward-looking statements are typically identified by the use of
forward-looking terminology such as "believes", "expects", "may",
"will", "could", "should", "intends", "estimates", "plans",
"assumes" or "anticipates" or the negative thereof or other
variations thereon or comparable terminology, or by discussions of
strategy that involve risks and uncertainties. By their nature,
forward-looking statements involve risks and uncertainties because
they relate to events and depend on circumstances that may or may
not occur in the future. In addition, from time to time, the
Company or its representatives have made or may make
forward-looking statements orally or in writing. Furthermore, such
forward-looking statements may be included in, but are not limited
to, press releases or oral statements made by or with the approval
of an authorised executive officer of the Company. No assurance can
be given that such future results will be achieved; actual events
or results may differ materially from those expressed in or implied
by these statements as a result of risks and uncertainties facing
the Company and its subsidiaries. Many of these risks and
uncertainties relate to factors that are beyond the Company's
ability to control or estimate precisely, such as changes in
taxation and fiscal policy, future market conditions, currency
fluctuations, the behaviour of other market participants, the
actions of governmental
regulators and other risk factors such as the Company's ability
to continue to obtain financing to meet its liquidity needs,
changes in the political, social and regulatory framework in which
the Company operates or in economic or technological trends or
conditions, including inflation and consumer confidence, on a
global, regional or national basis. Such risks and uncertainties
could cause actual results to vary materially from the future
results indicated, expressed or implied in such forward-looking
statements. The forward-looking statements contained in this
announcement speak only as of the date of this announcement and the
Company undertakes no duty to update any of them publicly in light
of new information or future events, except to the extent required
by applicable law or regulation.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
IOEBLGDRBUBDGDU
(END) Dow Jones Newswires
July 18, 2022 02:00 ET (06:00 GMT)
Pineapple Power (LSE:PNPL)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Pineapple Power (LSE:PNPL)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024