TIDMTSP

RNS Number : 6499Z

TruSpine Technologies PLC

25 May 2021

25 May 2021

TruSpine Technologies plc

("TruSpine" or the "Company")

Further re Subscription

Subscription

TruSpine Technologies plc, (AQSE: TSP) the medical device company focused in the spinal (vertebral) stabilisation market, is pleased to announce that, further to the announcements of 1 April 2021 and 7 April 2021, it has raised an additional GBP78,000 through the subscription of 780,000 new ordinary shares ("Subscription Shares") at a price of GBP0.10 per share (the "Subscription Price" or the "Subscription"). Each Subscription Shares has a warrant attached exercisable at GBP0.15 per share (the "Warrant") for a period of three years from the date of admission of the Subscription Shares to trading on AQSE.

The Subscription was carried out on the same terms as the subscription notified on 1 April 2021 and 7 April 2021.

The total proceeds from this capital raise therefore amount to GBP698,500.

Admission of Subscription Shares

The Subscription is conditional on Admission and application will be made for the 780,000 Subscription Shares which will rank pari passu with the existing ordinary shares, to be admitted to trading on AQSE ("Admission"). It is expected that Admission will become effective and dealings in the Subscription Shares will commence on 28 May 2021.

Total Voting Rights

Following Admission, the Company's issued share capital will consist of 94,763,967 ordinary shares with voting rights. The new ordinary shares will rank pari passu with the existing ordinary shares. No ordinary shares are held in treasury at the date of this announcement and therefore following the Admission, the total number of Ordinary Shares in the Company with voting rights will be 94,763,967.

The above total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in the Company.

Special note concerning the Market Abuse Regulation:

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR"). Market soundings, as defined in MAR, were taken in respect of the Subscription, with the result that certain persons became aware of inside information, as permitted by MAR. That inside information is set out in this announcement. Therefore, those persons that received inside information in a market sounding are no longer in possession of inside information relating to the Company and its securities.

Enquiries:

 
 Truspine Technologies Plc                      Tel: +44 (0)20 3638 5025 
 Ian Roberts, CEO 
 
 Cairn Financial Advisers LLP (AQSE Corporate        Tel: +44 (0)20 7213 
  Adviser)                                                          0880 
 Liam Murray / Ludovico Lazzaretti 
 
 WH Ireland (Broker)                           Tel: +44 ( 0)20 7220 1666 
 Adam Pollock 
 
 Walbrook PR (Financial PR              Tel: +44 (0) 20 7933 7870 or +44 
  & IR)                                                 (0) 7876 741 001 
 Anna Dunphy                                     truspine@walbrookpr.com 
 
 

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END

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(END) Dow Jones Newswires

May 25, 2021 02:00 ET (06:00 GMT)

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