EVST.GB Everest Global plc

 
TIDMEVST 
 
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR 
INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED 
STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER 
JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A BREACH OF THE RELEVANT 
SECURITIES LAWS OF SUCH JURISDICTION. 
 
This announcement does not constitute a prospectus or offering memorandum or an 
offer in respect of any securities and is not intended to provide the basis for 
any decision in respect of Everest Global plc or other evaluation of any 
securities of Everest Global plc or any other entity and should not be 
considered as a recommendation that any investor should subscribe for or 
purchase any such securities. 
 
The information contained within this announcement is deemed to constitute 
inside information as stipulated under the Market Abuse Regulations (EU) No. 
596/2014. Upon the publication of this announcement, this inside information is 
now considered to be in the public domain. 
 
 
24 January 2023 
 
For Immediate Release 
 
                              Everest Global plc 
 
                            ("EG" or the "Company") 
 
                            Subscription for Shares 
 
The Company is pleased to announce the subscription (the "Subscription") 
for 12,726,000 new Ordinary Shares (the "Subscription Shares"), the Company 
raised net proceeds totalling £699,930 at a Subscription Price of 5.5 pence per 
share. 
 
The Subscription Price represents a premium of 119 per cent to the closing 
price of 2.51 pence on 20 January 2023, being the business day prior to 
agreement of the Subscription. The Subscription is being conducted pursuant to 
the existing authorities granted to the Directors of the Company at its annual 
general meeting on 29 April 2022. The Subscription Shares represent 
approximately 21.62 per cent. of the Company's issued share capital as enlarged 
by the Subscription Shares. 
 
The purpose of the Subscription is principally to fund general working capital 
purposes. 
 
The shareholders taking part in the subscription will each also receive 1 
warrant for each Subscription Share. Each warrant conveys the right to 
subscribe for a further new ordinary share at an exercise price of 5.5p up 
until 31 December 2024. 
 
In compliance with Prospectus Regulation Rule 1.2.4, which prohibits the 
admission of more than 20% of the number of securities already admitted to 
trading on the Main Market of the London Stock Exchange without a Prospectus, 
the Company intends to publish a Prospectus in relation to the issue of the 
Subscription Shares in order to enable those shares to be admitted to trading 
on the Main Market of the London Stock Exchange in accordance with Listing Rule 
14.3.4. 
 
 
As a result of the issue of the subscription shares, the following is the 
shareholdings in the company above 3% before and after the subscription, in 
addition to Directors shareholding, as far as the Directors are aware, that are 
required to be disclosed in the Company. 
 
Shareholder                Pre-Subscription Pre-Subscription Post-Subscription Post-Subscription 
                           Shareholding     %                Shareholding      % 
 
Golden Nice International        13 000 000      28.16%             13 000 000      22.08% 
Limited 
 
Lynchwood Nominees Limited        8 773 542      19.01%              8 773 542      14.90% 
 
Ms Chen Fangling                          -        -                 6 363 000      10.81% 
 
Mr An Xiangyu                             -        -                 6 363 000      10.81% 
 
VSA Capital Limited               5 700 639      12.35%              5 700 639       9.68% 
 
Interactive Investor              2 967 857      6.43%               2 967 857       5.04% 
Services Nominees Limited 
 
Vidacos Nominees Limited            552 599      1.20%                 552 599       0.94% 
N1 
 
N1 - R Scott, a director, hold his shares in Carimar International Holding 
Limited which are held by Vidacos Nominees Limited 
 
The total number of Ordinary Shares in issue with voting rights in the Company 
will be 58,888,855 ("Total Voting Rights"). No shares are held in treasury. The 
Total Voting Rights figure may be used by shareholders as the denominator for 
the calculation by which they may determine if they are required to notify 
their interest in, or a change to their interest in, the Company under the 
FCA's Disclosure Guidance and Transparency Rules. 
 
For further information, please visit www.everestglobalplc.com or contact the 
following: 
 
 
Everest Global plc 
 
Andy Sui, Chief Executive Officer                  +44 (0) 776 775 1787 
Rob Scott, Non-Executive Director                  +27 (0)84 6006 001 
 
 
 
 
END 
 
 

(END) Dow Jones Newswires

January 24, 2023 02:00 ET (07:00 GMT)

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