Kazera Global (KZG): Fujax prepayment settlement

This situation live

£17m · 1.4p · −27% since the first step

Balance-sheet stress / refinancing

Fujax prepayment settlement

Terms agreed; settlement shares pending approval

Next: Fujax Settlement Shares number set; separate Admission application

Every step · 2

3 Sep 2026 Terms agreed; shares and cash payments pending – US$500,000 through the issue of new Ordinary Shares to Fujax (the "Settlement Shares"), at an issue price equal to the lower of 2 pence per Ordinary Share... ↗
8 Sep 2026 Terms agreed; settlement shares pending approval – A separate application will be made for admission of the Fujax Settlement Shares once the number of such shares has been determined in accordance with the... ↗

What is happening

Kazera Global: Fujax prepayment settlement – Terms agreed; settlement shares pending approval. ['Terms agreed; settlement shares pending approval']

In short: On 3 Sep 2026 Kazera agreed to settle the Fujax prepayment claim (about US$1.32m at 30 June 2026) for US$1.0m, half in shares and half in cash instalments to 1 Mar 2027. On 8 Sep 2026 it said the US$500,000 of Settlement Shares are part of the General Meeting resolutions. Their number is still to be set, and they are admitted separately.
Announced: 3 Sep 2026 · Terms agreed; shares and cash payments pending
Latest: 8 Sep 2026 · Terms agreed; settlement shares pending approval
Settlement Sum: US$1.0m, of which US$500,000 in shares and US$500,000 in cash to 1 March 2027
Share element: Number of shares to be determined under the agreement; not part of the cash proceeds of the Fundraising
Cash element: US$500,000: five monthly US$60,000 payments from end Oct 2026, then US$200,000 by 1 March 2027
Conditions: Shareholder authorities at 21 September 2026 General Meeting and AIM Admission of Settlement Shares
Lock-up: No disposals for 30 days, then no more than 25% in any rolling 30 days
Completion effect: Prepayment, guarantee and subordination arrangements released and terminated

Fujax Settlement Shares number set; separate Admission application.

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