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Pires Investments plc (AIM: PIRI), the investment company focused on next generation technology, is pleased to announce that it has acquired 1.5 million shares in Sure Ventures plc ( SV plc ) from existing shareholders of SV plc (the Purchase ) at a price of 130 pence per SV plc share, representing a 30% premium to the closing mid market price of SV plc shares on 11 February 2021. The total consideration of £1.95 million, will be satisfied through the issue of 14,391,144 new ordinary shares in the Company ( Consideration Shares ) at a price of 13.55 pence per share ( Issue Price ), being the closing mid-market price of Pires shares on 11 February 2021. The Purchase will provide the Company with a 28% shareholding in SV plc. ....
The Board of Sabien is pleased to announce a proposed fundraise of £450,000 through the issue of 418,604,651 new ordinary shares in the Company ( Placing Shares ) to Richard Parris, the Company s Executive Chairman.
·Proposed £450,000 investment by Sabien s Chairman at an issue price of 0.1075p per share (the Placing Price ) via the issue of 418,604,651 new ordinary shares in the Company (the Placing ); ·The Placing Price is equivalent to the Company s closing mid-market price on 2 February 2021, being the day prior to this announcement. ·The Placing Price represents a premium of 115% to the conversion price of 0.05p for the £1.25 million of convertible unsecured loan notes ( CULs ) issued and announced on 19 January 2021; ....
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