Further to the announcement made by the Company on 5 June 2019, the Board of Directors of Augmentum Fintech is pleased to announce the proposed issue of new ordinary shares (“Ordinary Shares”) to raise gross proceeds of approximately £30 million (the “Initial Issue”) at a price of 112 pence per new Ordinary Share (the “Issue Price”), details of which will be set out in the Prospectus. The Initial Issue will comprise an Initial Placing, Offer for Subscription and Intermediaries Offer. The Initial Issue forms part of a proposed Share Issuance Programme of up to 150 million new Ordinary Shares and/or C shares (the “Share Issuance Programme”).

 

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