REG - Pires Investments Tern PLC - Rule 2.9 Announcement - Update

TernAnnouncement

10/06/2022 08:30

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RNS Number : 4577O  Pires Investments PLC  10 June 2022

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION.

10 June 2022

Pires Investments Plc

("Pires" or the "Company")

Rule 2.9 Announcement

As previously announced, the Company allotted a total of 649,982 new ordinary
shares of 0.25 pence each in the capital of the Company ("Ordinary Shares") on
6 June 2022 following the exercise of warrants over 649,982 Ordinary Shares in
the Company at an exercise price of 4 pence per warrant.

Following issue of the Ordinary Shares this morning, the number of Ordinary
Shares in issue and admitted to trading on AIM will be 161,395,191. This
figure of 161,395,191 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 Guidance and Transparency Rules.

The Ordinary Shares are relevant securities of Pires Investments plc for the
purposes of Rule 8 of The City Code on Takeovers and Mergers (the "Code").

In accordance with Rule 2.9 of the Code, Pires confirms that, as at the date
of this announcement, it has 161,395,191 Ordinary Shares of nominal value 0.25
pence each in issue with ISIN GB00BD07SH45. Pires does not hold any securities
(including Ordinary Shares) in treasury.

For further information please contact:

 Pires Investments plc                           Tel: +44 (0) 20 3368 8961

 Nicholas Lee, Director

 Nominated Adviser

 Cairn Financial Advisers LLP                    Tel: +44 (0) 20 7213 0880

 James Lewis/Liam Murray/Ludovico Lazzaretti

 Joint Broker

 Peterhouse Capital Limited                      Tel: +44 (0) 20 7469 0935

 Duncan Vasey/Lucy Williams                      Tel: +44 (0) 20 7469 0936

 Joint Broker

 Tennyson Securities                             Tel: +44 (0) 20 3167 7221

 Peter Krens
 Financial media and PR

 Yellow Jersey                                   Tel: +44 (0) 20 3004 9512

 Sarah Hollins/Henry Wilkinson/Annabelle Wills

 

Notes to Editors

 

About Pires Investments plc

 

Pires Investments plc (AIM: PIRI) is an investment company providing investors
with access to a portfolio of next generation technology businesses with
significant growth potential.

 

The Company is building an investment portfolio of high-tech businesses across
areas such as Artificial Intelligence, Internet of Things, Cyber Security,
Machine Learning, Immersive Technologies and Big Data, which the Board
believes demonstrate evidence of traction and the potential for exponential
growth, due to increasing global demand for development in these sectors.

 

For further information, visit: https://piresinvestments.com/.

 

Miscellaneous

Cairn Financial Advisers LLP, which is authorised and regulated by the FCA in
the UK, is acting as financial adviser and Rule 3 adviser exclusively for
Pires and no one else in connection with the matters set out in this
announcement and will not be responsible to any person other than Pires for
providing the protections afforded to clients of Cairn Financial Advisers LLP,
nor for providing advice in relation to the contents of this announcement or
any matter referred to herein. Cairn Financial Advisers LLP's responsibilities
as Pires' Nominated Adviser under the AIM Rules for Companies and AIM Rules
for Nominated Advisers are owed solely to London Stock Exchange and no other
person.

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