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BigDish (DISH) Issue of Equity & Warrants
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.
BigDish #DISH – Now Live in Swindon, New Locations to Go Live Shortly
BigDish Plc (LON: DISH), a food technology company that operates a yield management platform for restaurants, is pleased to announce new locations as part of the expanded growth strategy.
Highlights:
- BigDish is now live in Swindon
- Reading added as a new location
The Company is pleased to announce that Swindon is now live on the BigDish platform. Furthermore, Taunton is expected to go live on or around 28 May 2019.
In reference to the announcement on 8th May 2019, it is now expected that a new location, Reading, will go live prior to Winchester. This is part of the Company’s plan to expand into the London commuter towns.
Sanj Naha, CEO said: “We are very pleased with the successful launch of Swindon on the BigDish platform. We are also excited to announce that Reading will launch in the near future as part of our plan to expand into the London commuter towns. Following successful launches in Exeter and Basingstoke at the beginning of May, it is hugely encouraging that the Company is on track with its growth strategy. We look forward to updating the market next week on further significant plans regarding our roll out across the UK and a new partnership which will coincide with the launch in Brighton.”
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 (“MAR”)
Enquiries:
|
Blytheweigh |
+44 (0) 20 7138 3204 |
|
Tim Blythe Julia Tilley
|
|
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 at quiet times 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