Not for release or distribution, directly or indirectly, within, into or in
For Immediate Release
28 July 2023
Adalan Ventures Plc
("Adalan" or the "Company")
Completion of share consolidation
Adalan Ventures plc (the 'Company' or 'Adalan'), is pleased to announce the completion of the Company's Share Consolidation (as defined below) with a record date of 5:30pm BST on 27 July 2023. This is following the Company's announcement on 24 July 2023 that shareholder approval was granted at the Company's General Meeting for a consolidation of the ordinary shares of the Company on the basis of 1 new share for every 10 existing shares (the "Share Consolidation").
Following the completion of the Share Consolidation the reduced number of ordinary shares of
The ISIN for the New Ordinary Shares is GB00BMXTZ463
As a result of the Share Consolidation, the Company hereby notifies the market that the Company's issued share capital as at 28 July 2023 consisted of 46,197,500 ordinary shares of
The above figure may be used by shareholders and others with notification obligations as their 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 Disclosure Guidance and Transparency Rules of Financial Conduct Authority.
Further information can be found at the corporate website: https://adalanventures.com/
Enquiries:
Adalan Ventures Plc |
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Siro Cicconi |
Tel: +44 (0) 73 9377 9849 |
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Optiva Securities Limited |
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Vishal Balasingham |
Tel: +44 (0) 20 3137 1902 |
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The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
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