Fadel Partners Inc. Exercise of Warrants and Total Voting Rights (2910I)
04 Août 2023 - 8:00AM
UK Regulatory
TIDMFADL
RNS Number : 2910I
Fadel Partners Inc.
04 August 2023
04 August 2023
Fadel Partners, Inc.
('FADEL', the 'Company' or, together with its subsidiaries, the
'Group')
Exercise of Warrants and Total Voting Rights
Fadel Partners, Inc., a brand compliance, rights and royalty
management software provider, announces that following receipt of
two notices to exercise warrants over a total of 121,925 common
shares of $0.001 in the Company (the "Common Shares") on a net
exercise basis, the Company has concluded the exercise resulting in
the issuance of 39,958 Common Shares. These warrants were issued in
July 2016 as part of a previous capital raising process. As the
warrants were exercised on a net exercise basis there are no
proceeds due to the company and following the exercise, no warrants
remain outstanding in the Company.
Admission and Total Voting Rights
Following the exercise of the warrants, application has been
made to the London Stock Exchange for the issue of depositary
interests over 39,958 new Common Shares, which will rank pari passu
with the Company's existing Common Shares, to be admitted to
trading on AIM. It is expected that Admission will become effective
and dealings will commence at 8:00 a.m. on 9 August 2023.
Following Admission, the Company will have 20,231,250 common
shares of $0.001 each in issue. Shareholders may use this figure as
the denominator by which they are required to notify their interest
in, or change their interest in, the Company under the Disclosure
Guidance and Transparency Rules.
For further information please contact:
Tarek Fadel, Chief Executive Officer Via Alma PR
Vicary Gibbs, Chief Financial Officer
finnCap Limited (Nomad & Broker) 020 7220 0500
Jonny-Franklin Adams, Emily Watts, Abigail
Kelly, Milesh Hindocha (Corporate Finance)
Tim Redfern, Sunila De Silva (ECM)
Alma PR Tel: +44(0)20 3405
0205
Josh Royston fadel@almapr.co.uk
Andy Bryant
Matthew Young
About FADEL Partners Inc.
FADEL is a developer of cloud based brand compliance and rights
and royalty management software, working with some of the world's
leading licensors and licensees across media, entertainment,
publishing, consumer brands and hi-tech/gaming companies. The Group
combines the power of rights management and content compliance with
sophisticated content services, AI-powered visual search and image
and video recognition.
FADEL has two solutions, being IPM Suite (rights and royalty
management for publishers and licensing) and Brand Vision (an
integrated platform for Brand Compliance & Monitoring that
includes Content Services, Digital Rights Management, AI-Powered
Content Tracking, a Brand Monitor, and 100 million Ready-to-License
Images).
The Group's main country of operation is the United States,
where it is headquartered in New York, with further operations in
the UK, Lebanon, France, Canada and India. Founded in 2003 by Tarek
Fadel (Chief Executive Officer), FADEL has since grown to a team of
116 full time employees, plus an additional pool of c.50-60
contractors.
For more information please visit the Group's website at:
www.fadel.com .
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END
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August 04, 2023 02:00 ET (06:00 GMT)
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