Admission to AIM and first day of dealings

RNS Number : 6960B

Fonix Mobile PLC

12 October 2020

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF THESE JURISDICTIONS.

This announcement is not an admission document or a prospectus and does not constitute or form part of an offer to sell or issue or a solicitation of an offer to subscribe for or buy any securities in any jurisdiction, including in or into the United States, Australia, Canada, Japan, the Republic of South Africa or any other jurisdiction where to do so might constitute a violation or breach of any applicable law nor should it be relied upon in connection with any contract or commitment.  Investors should not purchase any shares referred to in this announcement except on the basis of information in the admission document (the "Admission Document") to be published by Fonix Mobile plc on or around the date of this announcement in connection with the proposed admission of all of its issued ordinary shares of 0.1 pence each ("Ordinary Shares") to trading on AIM, a market operated by the London Stock Exchange plc ("AIM")("Admission").  Copies of the Admission Document will be available from the Company's website at www.fonix.com .

Please see the important notices at the end of this announcement.

Fonix Mobile plc

("Fonix" or the "Company")

Admission to Trading on AIM

and

First Day of Dealings

Fonix, the UK focused mobile payments and messaging company enabling businesses to charge users' mobile bills and send users SMSs via their Carrier, is pleased to announce the admission  of its entire issued and to be issued ordinary share capital to trading on the AIM Market of the London Stock Exchange. Admission will occur at 8:00 a.m. today, under the ticker 'FNX' and the ISIN GB00BN789668.

The Company has successfully raised £45.0 million by way of an oversubscribed placing of 50,000,000 Ordinary Shares with institutional and other investors at a price of 90 pence per Ordinary Share (the "Placing Price").

The Company's market capitalisation at the Placing Price on admission is £90.0 million. finnCap is acting as Nominated Adviser and Sole Broker to the Company.

The Company's AIM admission document is available to view on the Company's website www.fonix.com

Rob Weisz, Chief Executive of Fonix Mobile plc commented:

"Joining AIM is an exciting and significant milestone for Fonix. We are delighted with the strong support from a wide range of institutional and other investors and look forward to further building on our growth strategy to create value for all our stakeholders."

 For further Information please contact:

Fonix Mobile plc Robert Weisz, CEO Rupert Horner, CFO	[phone]
finnCap Ltd (Nominated Adviser & Sole Broker) Jonny Franklin-Adams, Giles Rolls, Kate Washington (Corporate Finance) Alice Lane, Sunila de Silva (ECM)	[phone]

Important notices

Capitalised terms used in the Company's AIM admission document dated 7 October 2020 have the same meanings in this announcement.

finnCap which is authorised and regulated in the United Kingdom by the Financial Conduct Authority is acting exclusively for the Company and no one else in connection with the Placing and Admission, and finnCap will not be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the Placing and Admission or any other matters referred to in this announcement.

Neither finnCap, nor any of its subsidiary undertakings, affiliates or any of its directors, officers, employees, advisers, agents or any other person accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to the truth, accuracy, completeness or fairness of the information or opinions contained in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith and any liability therefore is expressly disclaimed.

Neither the content of the Company's website nor any website accessible by hyperlinks on the Company's website is incorporated in, or forms part of, this announcement.

 

END

 

 

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