Conversion of Notes and Allotment of Shares

Summary by AI ^BETAClose X

Iconic Labs PLC announced the conversion of 20 Convertible Notes, totaling £20,000 in principal, into 1,269,841 ordinary shares at a conversion price of £0.01575 per share. These new shares, expected to be admitted to trading on the London Stock Exchange around February 26, 2026, will rank pari passu with existing shares. Following this issuance, the Company's total issued ordinary share capital will be 15,153,868 shares, which shareholders should use as the denominator for calculating their notification obligations under the FCA's Disclosure Guidance & Transparency Rules.

Disclaimer*

Iconic Labs PLC

23 February 2026

Iconic Labs PLC

("Iconic" or the "Company")

Conversion of Notes and Allotment of Shares

Iconic Labs PLC (LSE:ICON), announces that it has received a valid Conversion Notice.

The Conversion Notice was dated 20 February 2026 and provides for 20 Convertible Notes to be converted into 1,269,841 ordinary shares of £0.0001 in the Company ("Ordinary Shares") at a conversion price of GBP 0.01575 at the aggregate principal amount of £20,000.

Application is therefore being made for an aggregate of 1,269,841 new Ordinary Shares to be admitted to trading on the Main Market of the London Stock Exchange which is expected to be on or around 26 February 2026. These shares rank pari passu with the existing Ordinary Shares of the Company.

Following the issue of these shares, the Company's issued ordinary share capital shall consist of 15,153,868 Ordinary Shares. The figure of 15,153,868 represents the total voting rights in the Company and should be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance & Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

For any further information or enquiries please contact:

Iconic Labs

John Farquharson, Chief Executive Officer

via Yellow Jersey PR

AlbR Capital Limited

David Coffman / Daniel Harris

Tel: +44 (0) 20 7469 0930

Yellow Jersey PR

Charles Goodwin

Annabelle Wills

Tel: +44 (0) 20 3004 9512

iconic@yellowjerseypr.com

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