Pires Investments PLC
("Pires" or the "Company")
Exercise of Warrants
Pires Investments plc (AIM: PIRI), the investment company focused on next generation technology, announces that it has received notification for the exercise of warrants over 666,177 ordinary shares in the Company at an exercise price of 4 pence per share providing the Company with proceeds of £26,647.08.
Furthermore, two ordinary shares which were previously announced as having been issued and allotted were not admitted to trading on AIM. Consequently, application will be made to the London Stock Exchange to admit 666,179 new ordinary shares to trading on AIM. Admission of the new ordinary shares is expected to occur on or around 20 January 2021. The new ordinary shares will rank pari passu with the existing ordinary shares.
For the purpose of the Disclosure and Transparency Rules, following the issue of shares detailed above the enlarged issued share capital of the Company will comprise 123,363,660 ordinary shares of 0.25 pence each. The Company does not hold any shares in treasury. The above 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 Disclosure and Transparency Rules.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 and the Directors of the Company take responsibility for this announcement.
Pires Investments plc
Peter Redmond, Chairman
Nicholas Lee, Director
Tel: +44 (0) 20 3368 8961
Cairn Financial Advisers LLP
Liam Murray/Ludovico Lazzaretti
Tel: +44 (0) 20 7213 0880
Peterhouse Capital Limited
Duncan Vasey/Lucy Williams
Tel: +44 (0) 20 7469 0935
Tel: +44 (0) 20 7469 0936
Tel: +44 (0) 20 7186 9030
Financial media and PR
Tel: +44 (0) 20 3004 9512
Notes to Editors
About Pires Investments plc
Pires Investments plc (AIM: PIRI) is an investment company providing investors with access to a portfolio of next generation technology businesses with significant growth potential.
The Company is building an investment portfolio of high-tech businesses across areas such as Artificial Intelligence ("AI"), Internet of Things ("IoT"), Cyber Security, Machine Learning, Augmented Reality and Virtual Reality ("AR/VR") and Big Data, which the Board believes demonstrate evidence of traction and the potential for exponential growth, due to increasing global demand for development in these sectors.
For further information, visit: https://piresinvestments.com/.
Caution regarding forward looking statements
Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identiﬁed by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reﬂect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.