Rural Broadband Solutions PLC (RBBS)
The Company’s shares are traded on the AQSE Growth Market.
|The Company’s ticker code is: RBBS.|
|The number of securities in issue on Admission:||304,092,810 Ordinary Shares of £0.01 each|
|The percentage of securities in public hands on Admission:||29.35%|
A list of the shareholders holding more than five per cent of the Company’s share capital or voting rights and the percentage held by such shareholders on Admission, 21 October 2020, are as follows:
Shares held, directly
or indirectly, legally or beneficially
|% of Share
|Michael Meyer’s Estate||10,150,000||3.34|
|Placifor Investment Corporation||35,309,262||11.61|
|Dr Keith Harris||29,460,000||9.69|
|New Developments Limited||25,460,000||8.37|
|New Star Investment Trust Plc||16,600,000||5.46|
On 23 September 2020, the Company entered into a warrant instrument pursuant to which the Company will constitute warrants to subscribe for up to 100,000,000 Ordinary Shares at a price of 4 pence per share. The Warrants will be issued to Placees and Subscribers on a one for one basis and are non-transferable. The subscription rights under the Warrants must be exercised within two years of the issue of the Warrants (being the date of Admission).
On 23 September 2020, the Company also entered into a warrant deed with Hybridan pursuant to which the Company issued warrants to Hybridan to subscribe for 1,622,400 Ordinary Shares at £0.025 per share. The subscription rights are exercisable at any time from the date falling two months after Admission to the fifth anniversary of Admission.
The amount is 101,622,400 Warrants in total. The exact dilution percentage cannot be worked out as they may be further issues of shares before all the warrants are exercised. If they were all to be exercised before any further issue of shares, the percentage of immediate dilution would be 25%.