Limitless Earth Plc - Subscription and Issue of Equity

PR Newswire

 

27 July 2023

LIMITLESS EARTH PLC

("Limitless" or the "Company")

 

Subscription and Issue of Equity

 

Limitless Earth plc (AIM: LME), an AIM quoted investing company, is pleased to announce that it has raised £155,000 via subscription through the issue of 3,100,000 new ordinary shares of 1 pence each in the Company ("New Ordinary Shares") at a price of 5 pence per share ("Subscription").

 

The funds will be used for general working capital purposes.

 

The New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares of the Company. An application will be made for the 3,100,000 New Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will take place on, or around, 4 August 2023.

 

Total Voting Rights

 

Following admission of the New Ordinary Shares, the Company's enlarged issued share capital will comprise 68,500,000 Ordinary Shares. The Company does not hold any shares in treasury. The figure of 68,500,000, Ordinary Shares 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 Financial Conduct Authority's Disclosure and Transparency Rules.

 

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU No. 596/2014) AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.

 

*** ENDS ***

 

 

For further information, please contact:

 

Limitless Earth plc  

Guido Contesso        

+44 7780 700 091    

www.limitlessearthplc.com     

 

Cairn Financial Advisers LLP

Nominated Adviser    

Jo Turner / Sandy Jamieson / Ludovico Lazzaretti

 

+44 20 7213 0880            

www.cairnfin.com

Peterhouse Capital Limited

Broker

Charles Goodfellow / Lucy Williams                                             

 

+44 20 7469 0930

www.peterhousecap.com

 

About Limitless Earth plc

Limitless Earth plc is a proactive investment company that focuses on making investments in and assisting companies which exhibit the potential to generate returns through capital appreciation.  Limitless invests in small companies where there are clear catalysts for value appreciation and the companies are operating in sectors exhibiting long term growth linked to demographic change.  Examples of such sectors include Cleantech, Life Sciences, nanotech, medtech, recycling, and new Internet opportunities

 

Forward Looking Statements

Certain statements made in this announcement are forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Company's current expectations, estimates, and projections about its industry; its beliefs; and assumptions. Words such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions are intended to identify forward-looking statements. These statements are not a guarantee of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Company's control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. The Company cautions security holders and prospective security holders not to place undue reliance on these forward-looking statements, which reflect the view of the Company only as of the date of this announcement. The forward-looking statements made in this announcement relate only to events as of the date on which the statements are made. The Company will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances, or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.