MFAI Mindflair Plc

TIDMMFAI

RNS Number : 6578X

Mindflair PLC

21 December 2023

Mindflair plc

(" Mindflair " or the "Company")

Placing to raise GBP730,400

Mindflair plc (AIM: MFAI), the company investing in next generation technology focused on AI, announces that it has raised gross proceeds of GBP730,400 (the "Placing") through the issue of 91,300,000 new ordinary shares of 0.25 pence in the Company (the "Placing Shares") at a price of 0.8 pence per share (the "Placing Price").

The Placing Price represents a 30 % discount to the closing mid-market price of 1.15 pence on 20 December 2023 .

Background to the Placing

The Company is seeing an increased volume of new opportunities and therefore the Board believes that it is important to have funds available to take advantage of investment opportunities as they arise.

Admission

Application will be made to the London Stock Exchange to admit the Placing Shares to trading on AIM ("Admission"). Admission of the new ordinary shares is expected to occur on or around 9 January 2024. The Placing Shares will rank pari passu with the existing ordinary shares.

Total Voting Rights

For the purpose of the Disclosure and Transparency Rules, following Admission, the enlarged issued share capital of the Company will comprise 274,256,642 ordinary shares of 0.25 pence each. The above 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 Disclosure and Transparency Rules.

Nicholas Lee, Director of Mindflair, commented:

"We are pleased that we have been able to raise new funding in difficult markets in order to continue to pursue our strategy. We believe this is a very exciting time for the Company and we are seeing a number of attractive investment opportunities. Furthermore, our change of name and launch of our new website now clearly reflect and highlight the current focus of the Company which provides listed equity investors with exposure to a portfolio of AI technology companies."

This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement. The person who arranged for the release of this information is Nicholas Lee, a director of the Company.

Enquiries:

 
 Mindflair plc 
  Nicholas Lee, Director           Tel: +44 (0) 20 3368 8961 
 Nominated Adviser 
  Cairn Financial Advisers LLP     Tel: +44 (0) 20 7213 0880 
  Liam Murray 
  Ludovico Lazzaretti 
 Broker 
  Peterhouse Capital Limited       Tel: +44 (0) 20 7469 0935 
  Duncan Vasey/Lucy Williams       Tel: +44 (0) 20 7469 0936 
 

Notes to Editors

About Mindflair plc

Mindflair plc (AIM: MLAI) is an investment company providing investors with access to a portfolio of next generation technology businesses focused on AI with significant growth potential.

The Company is building an investment portfolio of high-tech businesses across areas such as Artificial Intelligence, Internet of Things, Cyber Security, Machine Learning, Immersive Technologies and Big Data, which the Board believes demonstrate evidence of traction and the potential for exponential growth, due to increasing global demand for development in these sectors.

For further information, visit is http://www.mindflair.tech/ .

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

IOEPPGMWPUPWGPG

(END) Dow Jones Newswires

December 21, 2023 07:38 ET (12:38 GMT)

Mindflair (LSE:MFAI)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024

Mindflair (LSE:MFAI)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024