Exercise of Share Options and Total Voting Rights

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Press Release                                                                                                                                             15th May 2019

 

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014.  Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

 

Sativa Investments PLC 

Exercise of Share Options and Total Voting Rights

Sativa Investments PLC (NEX: SATI), announces that it has allotted 6,666,667 new ordinary shares of 0.25 pence each in the Company (“Ordinary Shares”) pursuant to the exercise of share options. Application has been made for the new Ordinary Shares to be admitted to trading on the NEX Exchange Growth Market (“Admission”) and Admission is expected to become effective on 13th May 2019. The options have been exercised by JH Racing A&P LTD at a price of 2.25p per share and the gross proceeds of £150,000 receivable by the Company will be used for general working capital purposes. The new Ordinary Shares will rank Pari passu in all respects with the existing Ordinary Shares of the Company.

These options were awarded to JH Racing A&P LTD in October 2018 through the surrender by Geremy Thomas of certain options granted to him (with an exercise price of 0.5p per share) on the Company’sadmission to trading on the NEX Exchange Growth Market. These options were granted as NTA (non- tax advantaged) options to JH Racing A&P LTD to fund sponsorship of the Sativa car in the Ginette Junior Championship 2019 / 2020 season. The racing series is broadcast on ITV4 and reaches a combined audience of 19.4 million viewers and a trackside audience of 385,000. The car and team are heavily branded “Sativa Investments PLC” and were sponsored previously in Sativa’s name atGeremy Thomas’ personal expense.

Following Admission, the Company’s issued share capital will comprise 516,566,667 Ordinary Shares, which number may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA’s Disclosure and Transparency Rules. The Company does not hold any shares in treasury.

The Directors of the Company accept responsibility for the contents of this announcement.

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