BigDish Plc (LON: DISH), a food technology company that operates a yield management platform for restaurants, announces an issue of equity and warrants in relation to the acquisition of Pouncer Media Limited (“Pouncer”) as part of the Company’s admission to the Official List and the Standard segment of the Main Market of the London Stock Exchange in August 2018.
Issue of Equity
At admission in August 2018, the Company issued 11,111,111 ordinary shares and a grant of warrants over 11,111,111 shares at a price of 9 pence per ordinary shares to Pouncer which expire on the second anniversary of admission.
The Company has now issued today 13,812,920 ordinary shares to certain Pouncer shareholders as part of the acquisition agreement. Application has been made for 13,812,920 new ordinary shares to be admitted to trading which is expected to occur on or around 27 August 2019 (“Admission”).
This now completes the Company’s obligations to Pouncer.
Grant of Warrants
The Company has also issued a grant of warrants over 6,851,116ordinary shares at a price of 4.156 pence per ordinary share to certain Pouncer shareholders. The warrants expire on 2 February 2021.
Total Voting Rights
Following Admission, the Company’s enlarged issued share capital will be 351,875,208. This figure may be used by shareholders 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 Company under the FCA’s Disclosure Guidance and Transparency Rules.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 (“MAR”)
Enquiries:
| Zak Mir, Digital Communications Officer,
BigDish Plc |
+44 (0) 7867 527658 |
Notes to Editors
BigDish Plc is a London Stock Exchange listed food technology company that operates a yield management platform for the restaurant industry, including a mobile App.
The Company helps restaurants in the UK fill their spare capacity and optimise their revenues through smart and dynamic discounts. Consumers can access these via the BigDish App and website platforms. Restaurants pay BigDish a fee per diner seated.
BigDish is fully committed to delivering shareholder value to its stakeholders through this model and is actively seeking to expand across the UK. An expansion strategy has been outlined which divides the UK into territorial target areas.