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Further Re Fundraising

In brief · summary, not quotable

Company accepts additional share subscription of £100,100 due to administrative oversight from previous fundraising.

  • Additional subscription amount £100,100
  • Additional Subscription Shares issued 143,000
  • Price per share £0.70
  • Total Ordinary Shares in issue 51,963,276
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MicroSalt plc (AIM:SALT), a leading provider of full-flavour, natural salt with approximately 50% less sodium, announces that due to an administrative oversight a legitimate order in the fundraising announced on 3 February 2025 (the "Fundraising") was not processed. The Company, having spoken to the investor who had previously completed the subscription forms, has, following legal and regulatory advice, agreed that an additional subscription of £100,100 should be accepted on the same terms as announced on the Fundraising announced on 3 February 2025.

Accordingly, the Company has issued 143,000 new ordinary shares of £0.001625 each in the Company (the "Additional Subscription Shares") at a price of £0.70. The subscriber is also being granted two warrants in respect of each Additional Subscription Share that they are subscribing, which are on the same terms as those described in the Fundraising announcement on 3 February 2025.

Admission and Total Voting Rights

Application has been made for the Additional Subscription Shares to be admitted to trading on AIM, which is expected to become effective on or around 13 February 2025 ("Admission").

Following the issue of the 143,000 Additional Subscription Shares, which, on Admission, will rank pari passu with the existing Ordinary Shares, the total number of Ordinary Shares in issue with voting rights in the Company will be 51,963,276. There are no shares held in treasury.

The above figure of 51,963,276 Ordinary Shares may therefore be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

For more information, please visit MicroSalt's website, follow on Twitter @MicroSaltPLC or contact:

MicroSalt plcVia Flagstaff PR
Rick Guiney, CEO
Zeus Capital Limited (Nominated Adviser and Broker)+44 (0)20 3829 5000
David Foreman / James Edis (Investment Banking)
SP Angel Corporate Finance LLP (Agent)+44 (0)20 3470 0470
Richard Morrison / Charles Bouverat
Flagstaff PR (Financial PR/IR)+44 (0)20 7129 1474
Tim Thompson / Alison Allfrey / Anna Probertmicrosalt@flagstaffcomms.com

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

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