22 pence per share (the Placing Price )
· Placing Price represents a 10 per cent. premium to the closing mid-price of the Company s ordinary shares on
20 May 2021.
· Pre-IPO acquisition of interest over
£750,000 worth of shares in Hellenic Dynamics S.A ( Hellenic or Hellenic Dynamics ), a medical cannabis cultivator seeking a near-term listing on the London Stock Exchange;
· The investment is part of a wider strategic partnership between the Company and Hellenic Dynamics S.A.
Details
Kanabo Group Plc (LSE:KNB) announces today that it has raised gross proceeds of
£1million through the placing of 4,545,454 Ordinary Shares (the Placing ) at a price of
22 pence per share ( Placing Price ) with a range of new and existing investors. The Placing Price represents a 10 per cent. premium to the closing mid-price of the Company s ordinary shares on
A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
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