Completion of Additional Subscription and TVR
Kazera Global plc has successfully completed an additional subscription, receiving £221,962.44 in gross proceeds through the allotment of 11,098,122 new Ordinary Shares at 2.0 pence each, a price representing a 40% premium to the previous day's closing mid-market price. These funds will be used for previously stated purposes, and the new shares are expected to be admitted to AIM on or around October 9, 2026. Following this admission, the Company's total issued Ordinary Shares will increase to 1,166,017,906.
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Kazera Global plc (AIM: KZG), the AIM-quoted investment company, is pleased to announce that, further to its announcements of 15 September and 21 September 2026, it has now received the subscription funds in respect of the additional direct subscription announced on 15 September 2026 (the "Additional Subscription").
The Company has received aggregate gross proceeds of £221,962.44 pursuant to the Additional Subscription and has accordingly allotted 11,098,122 new Ordinary Shares (the "Additional Subscription Shares") at an issue price of 2.0 pence per Ordinary Share, representing a premium of approximately 40% to the closing mid-market price of the Company's Ordinary Shares on 5 October 2026.
Paul Dulieu, Chief Executive Officer of Kazera, commented: "I'm very pleased that the Additional Subscription has now completed. The fact that the Angolan investors have remained committed to subscribing on the original terms, at a significant premium to the current market price, reflects the confidence that both they and the Board have in the underlying value of the Group and the opportunities ahead."
The proceeds of the Additional Subscription will be used for the purposes set out in the Company's announcement of 15 September 2026.
Admission and Total Voting Rights
Application has been made to the London Stock Exchange for admission of the 11,098,122 Additional Subscription Shares to trading on AIM ("Admission").
It is expected that Admission will become effective and dealings in the 11,098,122 Additional Subscription Shares will commence at 8.00 a.m. on or around 9 October 2026.
Following Admission of the Additional Subscription Shares, the total number of Ordinary Shares in the capital of the Company in issue will be 1,166,017,906, each with voting rights.
Capitalised terms used but not defined in this announcement have the meanings given to them in the Company's announcement of 15 September 2026, unless expressly stated otherwise or the context so requires.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.