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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