21 June 2019
AfriAg Global
PLC
(‘AfriAg’ or the ‘Company’)
Subscription of
GBP250,000
AfriAg Global PLC, a company admitted to trading on London’s NEX
Exchange (Ticker: AFRI), announces that it has raised £250,000,
before expenses, through the subscription for 250,000,000 new
ordinary shares of 0.1 pence each in the Company (the
"Subscription Shares") at a price of 0.1 pence per share
(the "Subscription"). The Subscription Shares will represent 8.3%
of the enlarged issued share capital of the Company.
The funds from this Subscription will be used for general
working capital purposes.
Application will be made for the 250,000,000 Subscription Shares
to be admitted to trading on the NEX Exchange Growth Market and it
is expected that admission will occur on or around 27 June 2019.
Following Admission, the Company's enlarged issued share capital
will comprise 3,011,001,037 ordinary shares. The Company does not
hold any shares in treasury.
This figure of 3,011,001,037 ordinary shares may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the FCA's Disclosure and Transparency Rules.
The directors of the Company accept responsibility for the
contents of this announcement.
-ENDS-
For further information please
contact:
AfriAg Global
Plc:
David Lenigas (Executive Chairman)
|
+44 (0)20 7440 0640 |
Peterhouse Capital
Limited
Guy Miller
Fungai Ndoro
|
+44 (0)20 7469 0930 |
Trading in AfriAg Global Plc
shares
AfriAg Global Plc is listed on London’s NEX Exchange under the
ticker symbol AFRI.
NEX Exchange’s website is https://www.nexexchange.com
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on the NEX Exchange. These can be found at
https://www.nexexchange.com/members-partners/brokers/