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LONDON - CapAI PLC (LSE:CPAI), a company listed on the London Stock Exchange (LON:LSEG), announced today the issuance of 400 million Equivalent Shares to its Executive Chairman, Richard Andrew Edwards. The allotment is part of a Stock Loan Agreement detailed in a prior announcement on May 29, 2025.
The newly issued shares have been admitted to the equity shares (transition) category of the Official List of the Financial Conduct Authority (FCA) and to trading on the main market of the London Stock Exchange. These shares rank equally (pari passu) with the existing Ordinary Shares of the company.
Following the admission of the Equivalent Shares, CapAI’s total issued share capital comprises 3,631,830,636 Ordinary Shares, with none held in treasury. This figure is now the denominator for shareholders to calculate notifications of changes in shareholdings according to the FCA’s Disclosure Guidance and Transparency Rules.
The issuance of these shares to Mr. Edwards was executed under an exemption from the requirement to issue a prospectus and is in compliance with UK Market Abuse Regulation (UK MAR), as the company is currently in a closed period that began on May 31, 2025. The closed period precedes the publication of CapAI’s interim results for the period ending March 31, 2025, expected on June 30, 2025.
CapAI has confirmed that the transactions, including the share allotment, were in accordance with decisions made by the Board before the closed period and thus are compliant with UK MAR. This compliance is in line with the procedural guidelines set out in a circular sent to shareholders on May 2, 2025.
The information regarding the share issuance and the compliance with regulatory requirements is based on a press release statement from CapAI.
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