( AAA or the Company ) AAA announces that it has today entered into subscription option a greements with Ramsey Consultants Ltd and Candy Ventures SARL, the investment offices of, respectively, David Rosen and Nick Candy. Each of the two subscription option a greements is for up to 100 million new ordinary shares in AAA ( AAA Shares ) and is exercisable at 50p per new AAA Share (the AAA Options ). The Board has decided to grant the AAA Options following approaches made to the Company by Ramsey Consultants Ltd and Candy Ventures SARL (the Option Holders ), both of whom have expressed an interest in AAA s portfolio of investments and, in particular, its option agreement with AAQUA B.V., details of which were announced on 18 December 2020 (the AAQUA Option ). Under the AAQUA Option, AAA may, subject to certain conditions, subscribe for up to 125,000 new AAQUA ordinary shares at 1,000 per share.
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