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Issue of Shares from ATM Facility & TVR

In brief · summary, not quotable

Issued 10m shares at £0.0119 via ATM facility to repay convertible loan note instalment and fund operations.

  • ATM shares issued 10,000,000
  • Issue price per share £0.0119
  • Gross proceeds £119,000
  • CLN second instalment repayment £125,000 plus 5% accrued interest
  • Total issued share capital post-admission 208,757,171 shares
Full announcement

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Pri0r1ty Intelligence Group PLC (AIM: PR1, OTC: PRIAF), the AI focused business delivering growth solutions to SMEs, has issued a first tranche of shares pursuant to the Company's At-The-Market ("ATM") facility totalling 10,000,000 shares at £0.0119 (the "ATM Shares") to facilitate the repayment of the second instalment of £125,000 plus accrued interest of 5% per annum of the Unsecured Convertible Loan Note ("CLN") of £1.25 million (gross) managed by Yorkville Advisors Global, LP (the "Yorkville Group").

At the Market ("ATM") Facility

The purpose of the ATM facility is to provide the Company with a flexible mechanism to seek to issue new shares and raise capital at prevailing market prices to repay the amortisation of the £1.25 CLN. The proceeds will also fund the Company's ongoing operations and provide the runway necessary for the business to become cash flow positive, supporting continued scaling and the ability to capitalise on emerging opportunities from a position of financial stability.

GIS will deduct a broker fee and properly and reasonably incurred settlement costs from the gross proceeds of the sale of ATM Shares, with the net proceeds, equal to 97.5% of the gross sale proceeds, being paid to the Company following admission of ATM Shares.

Admission

Application has been made to the London Stock Exchange for the ATM Shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on or around 22 October 2026.

Following Admission, the Company's total issued share capital will consist of 208,757,171 Ordinary shares with voting rights attached. The Company does not hold any Ordinary shares in treasury. This figure 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 Company under the FCA's Disclosure Guidance and Transparency Rules.

Rory Maxwell, CEO of Pri0r1ty, commented:

"We are exercising the ATM facility in exactly the manner in which the facility was intended for by utilising the positive movement in our share price to ensure we can continue to invest the working capital secured from the CLN into the operations of the business. The ATM Shares have been issued with a view to enhancing the value of the Company for all shareholders."

LinkedIn: https://www.linkedin.com/company/pri0r1ty-ai-plc/

X: https://x.com/WearePri0r1ty

Nominated Adviser Statement

Distribution

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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