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Sativa Group PLC - Placing Update December 2019

RNS Number : 0217Y
Sativa Group PLC
24 December 2019
 

Press Release 

 

24th December 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 Group Plc

 

("Sativa" or "the Company" or "the Group")

 

Placing Update 

 

 

On 19th December the Company announced a placing and subscription to raise approximately £1.38 million.  Following completion of the fundraising, the Company confirms that a total of 34,500,000 new ordinary shares and 30,825,000 unlisted and non-transferable warrants were issued.  Following the fundraising, the Company has a total of 569,189,167 ordinary shares in issue. 

 

Media enquiries. 

 

Abchurch Communications

Julian Bosdet

+44 (0)207 4594 4070 

+44 (0) 7771 663 886 

[email protected]

www.abchurch-group.com

 

 

For further information please contact: 

 

Henry Lees-Buckley 

Chief Executive Officer

Sativa Group Plc 

+44 (0) 20 7971 1255

 

[email protected]

www.sativagroup.co.uk

Joseph Colliver

Chief Financial Officer

Sativa Group Plc 

+44 (0) 20 7971 1255

 

[email protected] 

www.sativagroup.co.uk

NEX Exchange Corporate Adviser

 

Corporate Finance 

Stephen Keys / Max Gould 

Cenkos Securities plc 

+44 (0) 20 7397 8900

 

 

Equity Sales 

Julian Morse

Cenkos Securities

+44 (0) 20 7397 8900

 



 

 

Notes to Editors 

 

Sativa Group plc is the UK's leading quoted CBD wellness and medicinal cannabis group with three operating subsidiaries and one research entity.  

 

George Botanicals (trading as Goodbody Botanicals) provides CBD products online and to retail markets including pharmacies, wellness stores and grocers. Goodbody Wellness is a high-street retail brand with dedicated CBD wellness stores providing a premium shopping experience to consumers. Tessellate Collective, a division of George Botanicals, is a direct-selling platform servicing consumers at home. Phytovista laboratories provides independent testing of CBD products to both external customers and fellow Group businesses.  

 

Sativa Cultivation and Extraction holds a Controlled Drug licence and cultivates cannabis plants to fulfil its partnership agreement with King's College London to research the impact of cannabinoids on inflammation and respiratory conditions.  

 

- Ends -

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Price: 4.63

Market: NEX
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