ACCESS Newswire
23 Nov 2021, 14:35 GMT+10
Warrant Exercise, Issue of Equity and Issue of Warrants
LONDON, UK / ACCESSWIRE / November 23, 2021 / Love Hemp Group PLC (AQSE:LIFE) (OTCQB:WRHLF), the brand-led consumer goods company focussed on CBD health and wellness solutions, announces that it has issued a total of 46,317,979 ordinary shares of one pence each in the Company ('Ordinary Shares') as follows:
The cash proceeds from the Warrant exercise amount to £61,129 and will be used for general working capital purposes.
Application will be made for the Ordinary Shares to be admitted to trading on the AQSE Growth Market and admission is expected to become effective, and dealings in the Ordinary Shares are expected to commence, on Friday, 26 November 2021.
Following these issues, the Company has 875,463,167 Ordinary Shares in issue, each share carrying the right to one vote. The figure of 875,463,167 should 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 to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
In addition, the Company has issued Warrants to subscribe for 1,082,571 Ordinary Shares, with an expiry date of 28 May 2023 and an exercise price of 3.5 pence per share.
-ENDS-
For further information please visit: www.lovehempgroup.com or contact:
About Love Hemp Group
Love Hemp Group is a brand-led consumer goods company focussed on health and wellness solutions for consumer use cases including sleep, pain, anxiety, stress and recovery. The Company is a pioneer in the UK-based premium high-quality CBD market, with over 40 products including oils, edibles, sprays, cosmetics and topicals. The Company's range of products are sold online across 70 websites and in over 2,000 stores including some of the biggest retailers in the UK, such as Holland & Barrett, Boots and Ocado. Listed on the Aquis Stock Exchange (AQSE:LIFE) the Company recently changed its name to Love Hemp Group plc, from World High Life, to better reflect its focus on supporting the 'best in class' CBD brand as it embarks on a wider expansion of its core business and offering.
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
SOURCE: Love Hemp Group PLC
Get a daily dose of Pittsburgh Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Pittsburgh Star.
More InformationWASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
(Photo credit: Jesse Johnson-Imagn Images) Former major league manager Lee Elia died on Wednesday, a week before his 88th birthday,...
(Photo credit: Nathan Ray Seebeck-Imagn Images) Athletics designated hitter Brent Rooker was the latest to commit to Monday's Home...
(Photo credit: Kirthmon F. Dozier / USA TODAY NETWORK) Joe Coleman, the No. 3 selection in the first Major League Baseball draft...
(Photo credit: Wendell Cruz-Imagn Images) Even as the New York Yankees struggled, Jazz Chisholm Jr. kept hitting. On Wednesday,...
(Photo credit: Kamil Krzaczynski-Imagn Images) Adrian Houser allowed one run over seven innings to help the Chicago White Sox end...
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...
WASHINGTON, D.C.: After months of warnings from former federal officials and weather experts, the deadly flash floods that struck the...
MOSCOW, Russia: Just hours after his sudden dismissal by President Vladimir Putin, Russia's former transport minister, Roman Starovoit,...
DHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...