27 July 2023
LIMITLESS
EARTH PLC
("Limitless"
or the "Company")
Subscription
and Issue of Equity
Limitless
Earth plc (AIM: LME), an AIM quoted investing company, is pleased
to announce that it has raised £155,000 via subscription through
the issue of 3,100,000 new ordinary shares of 1 pence each in the Company ("New Ordinary
Shares") at a price of 5 pence per
share ("Subscription").
The funds
will be used for general working capital purposes.
The New
Ordinary Shares will rank pari
passu in all
respects with the existing ordinary shares of the Company. An
application will be made for the 3,100,000 New Ordinary Shares to
be admitted to trading on AIM ("Admission") and it is expected that
Admission will take place on, or around, 4
August 2023.
Total
Voting Rights
Following
admission of the New Ordinary Shares, the Company's enlarged issued
share capital will comprise 68,500,000 Ordinary Shares. The Company
does not hold any shares in treasury. The figure of 68,500,000,
Ordinary Shares may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change in their
interest in, the share capital of the Company under the Financial
Conduct Authority's Disclosure and Transparency Rules.
THIS
ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE
MARKET ABUSE REGULATION (EU No.
596/2014) AS
IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018.
*** ENDS ***
For
further information, please contact:
Limitless Earth plc
Guido Contesso
|
+44 7780 700 091
www.limitlessearthplc.com
|
Cairn Financial Advisers LLP
Nominated Adviser
Jo Turner / Sandy Jamieson / Ludovico Lazzaretti
|
+44 20 7213 0880
www.cairnfin.com
|
Peterhouse Capital Limited
Broker
Charles Goodfellow / Lucy Williams
|
+44 20 7469 0930
www.peterhousecap.com
|
About
Limitless Earth plc
Limitless
Earth plc is a proactive investment company that focuses on making
investments in and assisting companies which exhibit the potential
to generate returns through capital
appreciation.
Limitless
invests in small companies where there are clear catalysts for
value appreciation and the companies are operating in sectors
exhibiting long term growth linked to demographic
change.
Examples
of such sectors include Cleantech, Life Sciences, nanotech,
medtech, recycling, and new Internet opportunities
Forward
Looking Statements
Certain
statements made in this announcement are forward-looking
statements. These forward-looking statements are not historical
facts but rather are based on the Company's current expectations,
estimates, and projections about its industry; its beliefs; and
assumptions. Words such as 'anticipates,' 'expects,' 'intends,'
'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions
are intended to identify forward-looking statements. These
statements are not a guarantee of future performance and are
subject to known and unknown risks, uncertainties, and other
factors, some of which are beyond the Company's control, are
difficult to predict, and could cause actual results to differ
materially from those expressed or forecasted in the
forward-looking statements. The Company cautions security holders
and prospective security holders not to place undue reliance on
these forward-looking statements, which reflect the view of the
Company only as of the date of this announcement. The
forward-looking statements made in this announcement relate only to
events as of the date on which the statements are made. The Company
will not undertake any obligation to release publicly any revisions
or updates to these forward-looking statements to reflect events,
circumstances, or unanticipated events occurring after the date of
this announcement except as required by law or by any appropriate
regulatory authority.