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This announcement does not constitute a prospectus or offering memorandum or an offer in rela-tion to any securities of First Sentinel Plc or of any other entity and should not be considered as a recommendation that any person should subscribe for or purchase any such securities. This announcement contains inside information for the purposes of the Market Abuse Regulation (EU No. 596/2014) (“MAR”). Upon the publication of this announcement, this inside information is now considered to be in the public domain and shall therefore cease to be inside information.
First Sentinel plc
(“First Sentinel” or the “Company”)
Issue of Equity
First Sentinel Plc (“First Sentinel” or the “Company”) (NEX: FSEN), is pleased to announce that today it issued 421,429 shares to D Beta One EQ Ltd at a price of 14p per share (the “Share Issue”) to raise £59,000 for working capital purposes.
Application is being made for the Shares to be admitted to trading on NEX and it is expected that Admission will become effective and dealing in the Subscription Shares will commence on or around 6 September 2019. The Shares will rank pari passu with existing Ordinary Shares.
Following the Share Issue, the Company will have 15,668,199 Ordinary Shares in issue, each share carrying the right to one vote. The Ordinary Shares to be issued pursuant to the Share Issue will rank pari passu with existing Ordinary Shares.
The above figure of 15,668,199 should 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 to their interest in, the share capital of the Company under the Financial Conduct Authority’s Disclosure and Transparency Rules.
About First Sentinel
First Sentinel is an alternative investment company, registered with the FCA as a small authorised UK AIFM, which provides growth capital for public and private company investments. First Sentinel invests in a range of debt and equity instruments in target portfolio companies.
The Company’s website is www.first-sentinel.com
For further corporate information, please contact:
Mr. Brian Stockbridge
Chief Executive Officer
First Sentinel Plc
Tel: + 44 (0) 7876 888 011
NEX Corporate Advisor
Beaumont Cornish Limited
James Biddle / Roland Cornish
Tel: +44 (0)20 7628 3396