Exercise of Warrants
Directors and warrant holders exercise 36 million warrants, issuing 36 million new ordinary shares.
- New ordinary shares issued 36,000,000
- Total issued and voting share capital post-admission 527,800,200 Ordinary Shares
- Total warrants in issue post-exercise 66,552,333
- Fidelio Partners (Matt Lodge) shares post-exercise 6,500,000
- Dark Peak Services (Nick Lyth) shares post-exercise 24,000,000
- Letter 4 Consulting (Darcy Taylor) shares post-exercise 5,500,000
Select text to share a quote on X · sign in to keep highlights & notes in your SATS notes
Satsuma Technology PLC (LSE: SATS), a public company pioneering the convergence of decentralised AI and Bitcoin treasury strategy.
Satsuma notes that the following warrants have been exercised:
Fidelio Partners Pte Ltd, a company controlled by Matt Lodge, Chairman, has exercised 2,500,000 warrants at a price of 1.0p per warrant and 4,000,000 warrants at a price of 2.0p per warrant.
Letter 4 Consulting Ltd, a company controlled by Darcy Taylor, Director, has exercised 2,500,000 warrants at a price of 1.0p per warrant and 3,000,000 warrants at a price of 2.0p per warrant.
Dark Peak Services Ltd, a company controlled by Nick Lyth, has exercised 5,000,000 warrants at a price of 0.2p per warrant and 4,000,000 warrants at a price of 2.0p per warrant.
Marallo Pte Ltd, a company controlled by Matt Lodge, Chairman has exercised 10,000,000 warrants at 0.2p per warrant.
A warrant holder has exercised 5,000,000 warrants at a price of 0.2p per warrant.
Following the abovementioned exercise of warrants 36,000,000 new ordinary shares have been issued and an application will be made for the new ordinary shares to be admitted to trading ("Admission"). Dealings are expected to commence on or around 12 August 2025.
The equity interests of the directors (including Nick Lyth who has subsequently ceased to be a director) are as follows:
| Name | Previous Shareholding | Resultant Shareholding | Remaining Warrants / Options |
|---|---|---|---|
| Fidelio Partners Pte Ltd (Matt Lodge) | 0 | 6,500,000 | 4,600,000 |
| Letter 4 Consulting Ltd (Darcy Taylor) | 0 | 5,500,000 | None |
| Dark Peak Services Ltd (Nick Lyth, former director) | 15,000,000 | 24,000,000 | None |
| Marallo Pte Ltd (Matt Lodge) | 0 | 10,000,000 | None |
Following the exercise of Warrants, the Company will have a total of 66,552,333 warrants in issue. Following Admission, the Company's total issued and voting share capital will consist of 527,800,200 Ordinary Shares. The Company does not hold any ordinary shares in treasury.
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Letter 4 Consulting Ltd | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | PCA to Darcy Taylor, Director of Satsuma Technology PLC | ||||
| b) | Initial notification / Amendment | Initial notification | ||||
| a) | Name | Satsuma Technology PLC | ||||
| b) | LEI | 984500FV43C9G16DK633 | ||||
| a) | Description of the Financial instrument, type of instrument | Ordinary Shares | ||||
| Identification Code | GB00BMFCRZ80 | |||||
| b) | Nature of the transaction | Exercise of warrants | ||||
| c) | Price(s) and volume(s) |
£0.010 £0.020 | ||||
| d) | Aggregated information: · Aggregated volume · Price | 5,500,000 Ordinary Shares £85,000 | ||||
| e) | Date of the transaction | 20 July 2025 | ||||
| f) | Place of the Transaction | Outside of a trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Fidelio Partners Pte Ltd | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | PCA to Matt Lodge, Director of Satsuma Technology PLC | ||||
| b) | Initial notification / Amendment | Initial notification | ||||
| a) | Name | Satsuma Technology PLC | ||||
| b) | LEI | 984500FV43C9G16DK633 | ||||
| a) | Description of the Financial instrument, type of instrument | Ordinary Shares | ||||
| Identification Code | GB00BMFCRZ80 | |||||
| b) | Nature of the transaction | Exercise of warrants | ||||
| c) | Price(s) and volume(s) |
£0.010 £0.020 | ||||
| d) | Aggregated information: · Aggregated volume · Price | 6,500,000 Ordinary Shares £105,000 | ||||
| e) | Date of the transaction | 20 July 2025 | ||||
| f) | Place of the Transaction | Outside of a trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Marallo Pte Ltd | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | PCA to Matt Lodge, Director of Satsuma Technology PLC | ||||
| b) | Initial notification / Amendment | Initial notification | ||||
| a) | Name | Satsuma Technology PLC | ||||
| b) | LEI | 984500FV43C9G16DK633 | ||||
| a) | Description of the Financial instrument, type of instrument | Ordinary Shares | ||||
| Identification Code | GB00BMFCRZ80 | |||||
| b) | Nature of the transaction | Exercise of warrants | ||||
| c) | Price(s) and volume(s) | Price(s) Volume(s) 10,000,000 £0.002 | ||||
| d) | Aggregated information: · Aggregated volume · Price | N/A - Single transaction | ||||
| e) | Date of the transaction | 20 July 2025 | ||||
| f) | Place of the Transaction | Outside of a trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Dark Peak Services Ltd | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | PCA to Nick Lyth, a former director of the company | ||||
| b) | Initial notification / Amendment | Initial notification | ||||
| a) | Name | Satsuma Technology PLC | ||||
| b) | LEI | 984500FV43C9G16DK633 | ||||
| a) | Description of the Financial instrument, type of instrument | Ordinary shares | ||||
| Identification Code | GB00BMFCRZ80 | |||||
| b) | Nature of the transaction | Exercise of warrants | ||||
| c) | Price(s) and volume(s) | Price(s) Volume(s) £0.002 £0.020 5,000,000 4,000,000 | ||||
| d) | Aggregated information: · Aggregated volume · Price | 9,000,000 Ordinary Shares £90,000 | ||||
| e) | Date of the transaction | 20 July 2025 | ||||
| f) | Place of the Transaction | Outside of a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.