Kasei Holdings Plc Fundraise update

 
TIDMKASH 
 
25 April 2023 
 
                              KASEI HOLDINGS PLC 
 
                          ("Kasei" or the "Company") 
 
                               Fundraise update 
 
Further to the announcement made on 13 March 2023, Kasei Holdings PLC (AQSE: 
KASH) announces that the Company has received a total of £164,098.80 from Aalto 
Capital AB ("Aalto") representing 1,367,490 ordinary shares in the Company 
("Shares").  The Company commenced legal action but has now reached an 
agreement with Aalto regarding the remaining 2,799,177 Shares. Aalto has agreed 
to voluntarily return 2,799,177 Shares to Kasei and will also surrender 
4,166,667 warrants at 12p and in return Kasei has agreed to not pursue any 
further legal action. 
 
The Shares will not be cancelled and will become the property of the Company. 
The Shares can be sold, allotted, or otherwise disposed of on such terms as the 
board considers appropriate.  Accordingly, there is no change to the  issued 
share capital of the Company which comprises 33,228,351 Shares of £0.01 each, 
with each share carrying the right to one vote. 
 
The Directors confirm that the shortfall in the fundraise does not impact the 
working capital position of the Company. 
 
For further information please contact: 
 
Jai Patel                             info@kaseiholdings.com 
Chief Investment Officer 
 
First Sentinel 
Corporate Adviser                     +44 7876 888 011 
Brian Stockbridge                     brian@first-sentinel.com 
 
About Kasei: 
 
The Company is a technology specialist investor that focuses on 
cryptocurrencies and blockchain technologies. 
 
The Company's goal is to provide investors with broad based exposure to the 
fast-growing ecosystem of digital assets, managed using traditional financial 
portfolio construction techniques. The Company also intends to invest in 
venture capital and private equity investments in the blockchain ecosystem. 
 
The Company will leverage the Board's expertise, experience, and networks in 
the cryptocurrency sector and management of digital assets and decentralised 
finance, to drive value creation and to establish the business. The Board has a 
proven capability in portfolio management to achieve significant growth. 
 
The Company's website is located at https://kaseiholdings.com 
 
Forward Looking Statements 
 
This news release may contain "forward-looking" statements and information 
relating to the Company. These statements are based on the beliefs of Company 
management, as well as assumptions made by and information currently available 
to Company management. The Company does not undertake to update forward-looking 
statements or forward-looking information, except as required by law. 
 
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. Upon the publication of this announcement via a Regulatory 
Information Service, this inside information is now considered to be in the 
public domain. 
 
 
 
END

(END) Dow Jones Newswires

April 25, 2023 03:43 ET (07:43 GMT)

Kasei (AQSE:KASH)
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