Warrant Exercise, Issue of Equity and Issue of Warrants
LONDON, UK / ACCESSWIRE / November 23, 2021 / Love Hemp Group PLC (AQSE:LIFE) (OTCQB:WRHLF), the brand-led consumer goods company focussed on CBD health and wellness solutions, announces that it has issued a total of 46,317,979 ordinary shares of one pence each in the Company ('Ordinary Shares') as follows:
- 6,022,580 Ordinary Shares pursuant to the exercise of Warrants
- 40,295,399 Ordinary Shares pursuant to consulting, advisory and licensing agreements, including shares issued to 258 Marketing Limited as the first instalment of the contractual agreement with Anthony Joshua
The cash proceeds from the Warrant exercise amount to £61,129 and will be used for general working capital purposes.
Application will be made for the Ordinary Shares to be admitted to trading on the AQSE Growth Market and admission is expected to become effective, and dealings in the Ordinary Shares are expected to commence, on Friday, 26 November 2021.
Following these issues, the Company has 875,463,167 Ordinary Shares in issue, each share carrying the right to one vote. The figure of 875,463,167 should 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 to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
In addition, the Company has issued Warrants to subscribe for 1,082,571 Ordinary Shares, with an expiry date of 28 May 2023 and an exercise price of 3.5 pence per share.
For further information please visit: www.lovehempgroup.com or contact:
About Love Hemp Group
Love Hemp Group is a brand-led consumer goods company focussed on health and wellness solutions for consumer use cases including sleep, pain, anxiety, stress and recovery. The Company is a pioneer in the UK-based premium high-quality CBD market, with over 40 products including oils, edibles, sprays, cosmetics and topicals. The Company's range of products are sold online across 70 websites and in over 2,000 stores including some of the biggest retailers in the UK, such as Holland & Barrett, Boots and Ocado. Listed on the Aquis Stock Exchange (AQSE:LIFE) the Company recently changed its name to Love Hemp Group plc, from World High Life, to better reflect its focus on supporting the 'best in class' CBD brand as it embarks on a wider expansion of its core business and offering.
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SOURCE: Love Hemp Group PLC
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