Result of Director Subscription
MicroSalt Plc announced that certain Directors and PDMRs have conditionally subscribed for 1,079,466 ordinary shares at 14 pence per share, raising approximately £151,000 / US$202,000. Each subscribed share includes one warrant exercisable at 14 pence. This subscription is contingent on shareholder approval at a General Meeting on October 2, 2026, with Admission of the new shares expected on October 5, 2026. The Chair subscribed for £30,000, the Interim CFO for £50,000, and other PDMRs and a NED also participated.
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MicroSalt (AIM: SALT), a leading manufacturer of full-flavour natural salt containing approximately 50% less sodium, following its Result of Subscription announcement released on 24 September 2026, is pleased to announce that certain Directors and PDMRs have conditionally subscribed for, in aggregate, 1,079,466 Director Subscription Shares at the Issue Price of 14 pence per Ordinary Share, raising gross proceeds of approximately £151,000 / US$202,000 (before expenses).
On issue, each Director Subscription Share will have one Fundraising Warrant attached, in aggregate, 1,079,466, on the same terms as those attached to the Subscription Shares and Retail Offer Shares. Each Fundraising Warrant conditionally entitles the holder to subscribe for one Warrant Share at an exercise price of 14 pence.
The Director Subscription is conditional on, among other things, shareholders approving the Resolutions at the General Meeting to be held at 11:00 a.m. on 2 October 2026, and on Admission. Admission of the Fundraising Shares to trading on AIM is expected to become effective, and dealings are expected to begin, at 8:00 a.m. on 5 October 2026.
| Name | Position | Subscription Shares | Subscription Amount | Fundraising Warrants | Resulting shareholding on Admission | % of Enlarged Share Capital* |
|---|---|---|---|---|---|---|
| Judith Batchelar | Chair | 214,286 | £30,000.04 | 214,286 | 329,532 | 0.42% |
| Gary Urmston | Interim CFO | 357,143 | £50,000.02 | 357,143 | 472,389 | 0.60% |
| Javier Contreras | PDMR | 267,523 | £37,453.22 | 267,523 | 323,807 | 0.41% |
| Mario Habre | PDMR | 160,514 | £22,471.96 | 160,514 | 160,514 | 0.21% |
| Dan Emery | NED | 80,000 | £11,200.00 | 80,000 | 102,222 | 0.13% |
| Total | 1,079,466 | £151,125.24 | 1,079,466 |
*Based on the expected total shares in issue of 78,202,719 following Admission.
Capitalised terms used but not defined in this announcement have the meanings given to them in the Company's announcement released at on 16 September 2026.
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||
| a) | Name: | 1) Judith Batchelar 2) Gary Urmston 3) Javier Contreras 4) Mario Habre 5) Dan Emery | ||
| 2 | Reason for the notification | |||
| a) | Position/Status: | 1) Chair 2) Interim CFO 3) PDMR 4) PDMR 5) NED | ||
| b) | Initial Notification/Amendment: | Initial Notification | ||
| a) | Name: | MicroSalt plc | ||
| b) | LEI: | 213800L7WRHP8CCEEQ48 | ||
| a) | Description of the financial instrument: Identification code: | Ordinary shares of GBP0.001625 GB00BQB6FF85 | ||
| b) | Nature of the transaction: | Share Purchase | ||
| c) | Price(s) and volume(s): | Price(s) 1) 14p 2) 14p 3) 14p 4) 14p 5) 14p | Share volume(s) 1) 214,286 2) 357,143 3) 267,523 4) 160,514 5) 80,000 | Warrant volume(s) 1) 214,286 2) 357,143 3) 267,523 4) 160,514 5) 80,000 |
| d) | Aggregated volume: Price: | 1,079,466 shares at 14p 1,079,466 warrants at 14p | ||
| e) | Date of the Transaction: | 2 October 2026 | ||
| f) | Place of the Transaction: | London Stock Exchange AIMX |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.