|Issue of new/ additional securities|
|RichReach Corporation Public Ltd|
RichReach Corporation Public Ltd|
Intention to Apply for the Admission of Additional Shares of RichReach Corporation Public Ltd
Following the announcement dated 22/09/2020 regarding the signing of an additional Share Purchase Agreement with one of its existing strategic investors (http://oam.cse.com.cy/Announcement/announcementvariation/54297), RichReach Corporation Public Ltd (the “Company”) wishes to inform the investing public the following:
- The Company has received the investment of €8,250 from the strategic investor, which relates to the twelfth part of the investment as per the abovementioned Share Purchase Agreement.
- As per the abovementioned Share Purchase Agreement, for the investment of the €8,250, the Company will issue to the strategic investor 2,578 shares.
- The Company will proceed in due course with an application for admission of the 2,578 new shares for trading at the non-regulated Emerging Companies Market of the Cyprus Stock Exchange where the already existing shares are traded. Following the admission of the 2,578 additional shares, the total number of issued and fully paid ordinary shares of the Company will be 11,357,792 (of €0.05 nominal value each).