Director/PDMR Shareholding
Sealand Capital Galaxy Limited announced that Executive Director Siqi Cao has completed the conversion and exercise of 2,745,973,830 new ordinary shares, at prices of £0.0015 for conversion and £0.0030 for warrant exercise, resulting in his beneficial interest increasing to 3,190,345,063 ordinary shares, representing 48.73% of the company's voting rights. Following these transactions and warrant transfers, Mr. Cao also holds 979,849,931 Conversion A Warrants and 1,891,726,264 Conversion B Warrants, which if exercised, would add a further 2,871,576,195 ordinary shares to his holdings.
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Sealand Capital Galaxy Limited (LSE: SCGL) announces that, further to its announcement on 30 March 2026, Mr. Siqi Cao, an Executive Director of the Company, has informed the Company that, as Admission of the Conversion Shares and Warrant Exercise Shares has occurred today, Mr. Cao has completed the conversion and exercise of a total 2,745,973,830 new Ordinary Shares of £0.0001 each in the capital of the Company (the "Transactions"). The price pursuant to the Conversion Shares is £0.0015 per Ordinary Share and the price pursuant to the Warrant Exercise Shares is £0.0030 per Ordinary Share.
Following the Transactions, Mr. Cao's total beneficial interest in the Company will be 3,190,345,063 Ordinary Shares, representing 48.73 per cent. of the Company's total voting rights.
In addition, following the Transactions and the Warrant Transfers of 57,628,767 Conversion A Warrants and 57,628,767 Conversion B Warrants from Mr. Ng Cheuk Lun, Mr. Cao holds 979,849,931 Conversion A Warrants exercisable at £0.0030 per Ordinary Share and 1,891,726,264 Conversion B Warrants exercisable at £0.00375 per Ordinary Share, in each case exercisable for a period of two years from the date of grant, being until 12 November 2027. If all such warrants were exercised in full, Mr. Cao would hold a further 2,871,576,195 Ordinary Shares.
Unless otherwise defined herein, capitalised terms used in this announcement have the meanings given to them in the announcement of Sealand Capital Galaxy Limited dated 30 March 2026 entitled "CLN Subscription and Conversion, Exercise of Warrants, Issue of Equity and Total Voting Rights", which was also released on 30 March 2026.
| 1 | Details of the person discharging managerial responsibilities/persons closely associated | |
| a) | Name | Siqi Cao |
| 2 | Reason for the notification | |
| a) | Position/status | Executive Director |
| b) | Initial notification / amendment | Initial Notification |
| a) | Name | Sealand Capital Galaxy Limited |
| b) | LEI | 2138009EB25MJIULQO19 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of £0.0001 each Identification code KYG7948E1026 |
| b) | Nature of the transaction | Conversion of Convertible Loan Notes into new ordinary shares Exercise of A Warrants over new ordinary shares |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Conversion £0.0015 1,834,097,497 Exercise of Warrants £0.003 911,876,333 |
| d) | Aggregated information - Aggregated volume and Price | Price(s) Volume(s) Conversion £0.0015 1,834,097,497 Exercise of Warrants £0.003 911,876,333 Aggregated £0.001998* 2,745,973,830 * volume weight average price |
| e) | Date of the transaction | 26 March 2026 |
| f) | Place of the transactions | Off Market |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.