05 May S-Ventures PLC raises £3m
S-Ventures PLC – £3m Fundraising and Director Dealing 
RNS Number : 5373XS-Ventures PLC05 May 2021
5 May 2021
S-VENTURES PLC
(“S-Ventures” or the “Company”)
£3m Fundraising and Director Dealing
S-Ventures PLC ( UK AQUIS Ticker code ‘SVEN’, US OTCQB ticker code ‘SVTPF’ ) is pleased to announce the new issuance of 20,000,000 ordinary shares in a private placing to new and existing investors. The placing of an initial total of 20,000,000 ordinary shares has been subscribed by investors at 15p per share (“Placing”), raising gross proceeds of £3m. For every two S-Ventures shares subscribed in this Placing, investors have received a warrant to subscribe for an additional share in S-Ventures at 25p per share, or a total of a further 10,000,000 ordinary shares if all such warrants to subscribe for shares were exercised. The warrants granted are exercisable up to an including 1st May, 2023. The proceeds from the new issuance will support the general corporate purposes of S-Ventures PLC including acquisitions of and investments in wellness and wellbeing branded goods and services.
The S-Ventures PLC team continue to work on a number of opportunities at various stages of pipeline development and this Placing is part of an overall funding plan designed to support execution of that pipeline as well as to support the growth of existing brands.
Scott Livingston CEO, commented: ‘Investor support has been key at this early stage and we are well equipped now to progress our plan and execute on a number of opportunities to grow and develop S-Ventures PLC.’
Directors Dealings
CEO Scott Livingston subscribed for 3,333,340 new ordinary shares in this Placing, or £500,001, representing 3.36% of the enlarged issued share capital. Following the Placing, Scott Livingston will be interested in 48,749,107 ordinary shares, representing 49.14% of the enlarged issued share capital.
Application will be made for the placing shares to be admitted to trading on AQSE Growth Market Exchange and this is expected to occur on or around 8 May 2021.
Total Voting Rights
Following the admission of the placing shares, the Company’s issued ordinary share capital shall consist of 99,201,133 ordinary shares of 0.01 pence each. This number represents the total voting rights in the Company, and following admission, may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority’s (“FCA”) Disclosure & Transparency Rules. The placing shares shall rank pari passu in all respects with the existing ordinary shares of the company.
The directors of the issuer accept responsibility for the contents of this announcement.
For further information, please contact:
The Company
Robert Hewitt +44 (0) 1932 400 224
AQSE Corporate Adviser:
Peterhouse Capital Limited
Guy Miller/Allie Feuerlein +44 (0) 20 7469 0936
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Scott Livingston
2
Reason for the notification
a)
Position/status
Chief Executive Officer
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
S-Ventures plc
b)
LEI
213800QIR9TOFVDFEQ57
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 0.1 pence each in S-Ventures Plc
Identification code (ISIN) for S-Ventures Plc ordinary shares: GB00BN29LY68
b)
Nature of the transaction
Disclosure of Ordinary Shares and warrants
c)
Price(s) and volume(s)
Price(s)
Volume(s)
15p
3,333,333 ordinary shares
d)
Aggregated information
– Aggregated volume
– Price
N/A
e)
Date of the transaction
4 May 2021
f)
Place of the transaction
AQSE Growth Market
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