Clean Invest Africa Plc - £100,000 Fundraise and TVR

Clean Invest Africa Plc - £100,000 Fundraise and TVR

PR Newswire

London, February 2

2 February 2022

Clean Invest Africa Plc

("CIA", the "Company" or the "Group")

Placing to raise £100,000 and Total Voting Rights

Clean Invest Africa Plc, the AQUIS quoted investment company is pleased to announce the successful completion of a placing (the "Placing"), to raise £100,000 to support the continuing growth of its wholly owned subsidiaries, CoalTech Limited ("CoalTech") and Coal Agglomeration South Africa (Pty) Ltd ("CASA"), and to provide limited working capital to the Group.

Placing

A total of 20,000,000 ordinary shares of 0.25p nominal value each ("Placing Shares") have been placed with investors at 0.5p per share. For every two Placing Share issued, one warrant will be granted, exercisable at 1.5p, valid for a period of three (3) years from the date of admission of the Placing Shares to the AQSE Growth Market. Further, should the placees validly exercise the 1.5p warrants in full, these will be replaced by a further one warrant, exercisable at 3p, for every two Placing Shares, valid for three years from grant. Application has been made for the Placing Shares to trading on the AQSE Growth Market and this is expected to occur on or around 8 February 2022.

Total Voting Rights

Following the issue of Shares as described above totaling 20,000,000 ordinary shares, the issued share capital of the Company will consist of 1,274,138,501ordinary shares. No shares were held in treasury at the date of this announcement. The total current voting rights in the Company are therefore 1,274,138,501. The above figure of 1,274,138,501 may 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 in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

The directors of the Company accept responsibility for the contents of this announcement.

ENQUIRIES :

Clean Invest Africa plc
Filippo Fantechi - Chief Executive Officer [phone]

Peterhouse Capital Limited
Guy Miller [phone]