THE INFORMATION CONTAINED WITHIN THIS
ANNOUNCEMENT IS DEEMED BY IMAFIRE PLC TO CONSTITUTE INSIDE
INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU)
NO. 596/2014, AS AMENDED ("MAR"). ON THE PUBLICATION OF THIS
ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE ("RIS"), THIS
INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC
DOMAIN.
IamFire plc
AQSE: FIRE
(“IamFire plc” or the
“Company”)
Placing and
Subscription to raise £3.5 million
Issue of Warrants
to Advisors
Total Voting
Rights
IamFire plc is pleased to announce that it has raised £3,500,000
before expenses through a placing (“Placing”) and subscription
(“Subscription”) for an aggregate of 140,000,000 new ordinary
shares of 0.25p each at 2.5 pence per
share.
In connection with the Placing, IamFire has entered into a
Placing Agreement (“Placing Agreement”) with Tennyson Securities
(“Tennyson”) pursuant to which Tennyson has placed 58,000,000 New
Ordinary Shares with institutional and other investors (“Placing
Shares”).
In addition, the Company has received applications to subscribe
for a further 82,000,000 New Ordinary Shares from a range of
investors (“Subscription Shares”).
The Placing and Subscription are conditional, inter alia, on
admission of the Placing Shares and the Subscription Shares
(together the “New Ordinary Shares”) to trading on AQSE Growth
Market (“Admission”).
Application will be made for the New Ordinary Shares to be
admitted to trading on the Access Segment of the AQSE Growth Market
and this is expected to occur on or around 24 November 2022.
Under the terms of the Placing Agreement IamFire plc has granted
advisors 7,832,800 warrants with an exercise price of 2.5p per
ordinary share and a life to expiry of 5 years from the date of
Admission.
Total Voting Rights
Following Admission of the New Ordinary Shares, IamFire plc’s
issued ordinary share capital will consist of 345,347,350 ordinary
shares of 0.25 pence each. This
number represents the total voting rights in the Company, and
following Admission, may be used by shareholders as the denominator
for the calculation by which they can determine if they are
required to notify their interest in, or a change to their interest
in, the Company under the Financial Conduct Authority’s (“FCA”)
Disclosure and Transparency Rules. The New Ordinary Shares shall
rank pari passu in all respects with the existing
ordinary shares of the Company.
The Directors of the Company accept
responsibility for the contents of this announcement.
ENDS
Enquiries:
Company:
John Taylor
info@iamfireplc.com
Peterhouse Capital Limited (Corporate Advisor):
Guy Miller: + 44 (0) 20 7469 0930
(Direct)
Peterhouse Capital Limited (Corporate Broker):
Corporate Broker
Lucy Williams: +44 (0) 20 7469
0930
Duncan Vasey: +44 (0) 20 7220 9797
(Direct)