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Brave Bison Group PLC has announced an update to its equity issuance, correcting a clerical error to now receive 2,905,899 ordinary shares in System1 in exchange for 9,763,821 Brave Bison shares, maintaining its 28% holding in System1. Application has been made for these 9,763,821 new ordinary shares to be admitted to AIM on 4 March 2026, which will represent 8.7% of the enlarged issued share capital. Following admission, the Company will have a total of 112,238,119 ordinary shares in issue, a figure shareholders can use for disclosure notifications.
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Pursuant to the announcement dated 2 March 2026 and as a result of a clerical error, the Group will now be receiving a total of 2,905,899 ordinary shares in System1 in exchange for 9,763,821 ordinary shares in Brave Bison. The Group's resultant shareholding of 28% in in System1 remains materially unchanged.
As a result, application has been made for the revised total of 9,763,821 new ordinary shares, to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on 4 March 2026 and the new ordinary shares will, on issue, rank pari passu in all respects with the Company's existing ordinary shares. The new ordinary shares in Brave Bison will represent 8.7% of the Group's enlarged issued share capital following Admission.
On Admission, the Company will have a total of 112,238,119 ordinary shares in issue. No ordinary shares are held in treasury. The figure of 112,238,119 may be used by the Company's shareholders as the denominator in 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.