Early Equity Plc - Issue of Equity
PR Newswire
London, October 7
7 October 2020
Early Equity PLC
("Early Equity" or "the Company")
Issue of Equity
Early Equity Plc (AQSE: EEQP), is pleased to announce that it has raised £94,000 by way of a subscription for 18,800,000 new ordinary shares of 0.1p at a price of 0.5p per share ("the Subscription"). The proceeds of the Subscription will be used to provide the Company with additional working capital.
The Company incurred expenses in connection with the Subscription of £4,700 which have been settled by the issue of 940,000 new ordinary shares of 0.1p.
As a result, the Company has issued a total of 19,740,000 new ordinary shares and application will be made for them to be admitted to trading on AQSE, which is expected to be on or around 13 October 2020.
The new ordinary shares will rank pari passu with the existing ordinary shares of the Company. Following the issue of the new ordinary shares, the Company's issued share capital will comprise 958,114,784 ordinary shares of 0.1p (including the 19,740,000 new ordinary shares).
The above figure of 958,114,784 should be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
This announcement contains information which, prior to its disclosure, was inside information for the purposes of Article 7 of EU Regulation 596/2014.
The directors of Early Equity Plc accept responsibility for this announcement.
Enquiries:
Early Equity Plc
Greg Collier
Tel: +44 (0)7830 182501
Novum Securities Limited
AQSE Corporate Adviser
David Coffman / Daphne Zhang
Tel: +44 (0)207 399 9400
About Early Equity plc:
Early Equity is an e-commerce focused group based in Malaysia whose Ordinary Shares are admitted to trading on the AQSE Growth Market in London with the trading symbol EEQP.
