6 December 2024
CRUSHMETRIC GROUP
LIMITED
("CRUSHMETRIC" or "the
Company")
Private Placing
and Update on
Distributor Dispute
CRUSHMETRIC is pleased to announce
that it has completed a placing for a total
of 798,448 new Ordinary shares of US$0.001 each in the Company ("Ordinary Shares") at
a price of 12.5p per share, to two
individual shareholders who are
unrelated to the Company ("Placing").
In total the Company has raised approximately
£99,806. Application will be made for
the Ordinary Shares to be admitted to trading on the Aquis
Growth Market and it is expected that admission will occur on or
about 12 December 2024.
The placing proceeds are being used
for general working capital purposes.
The Company announces that, following
the issue of the Ordinary Shares referred to above, in
accordance with the Financial Conduct Authority's Disclosure and
Transparency Rules (the "Disclosure and Transparency Rules"), the
total number of Ordinary Shares in issue will
be 241,294,192 with each share carrying the right to one vote.
CRUSHMETRIC does not hold any shares
in Treasury.
The above figure of
241,294,192 may be
used by shareholders 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 Disclosure and Transparency Rules.
Dispute Updates
The Company announces that, further to
the announcement of 8 September
2022, its subsidiary, Star Collaboration (Guangzhou) Limited ("Star
C") has signed a settlement agreement with the distributor in full and final settlement
of the legal
proceeding, whereby Star C will pay a total of
approximately £166,000 (equivalent to
approximately RMB1,500,000).
The Directors of the Company accept
responsibility for the contents of this announcement.
For further information, please
contact:-
|
CRUSHMETRIC Group Limited
ONG Ban Poh Michael - Chief Executive
Officer
Lilian Lo - Acting Chief Financial
Officer
|
Tel: +852 2110 4221
|
|
Aquis Growth Market Corporate
Adviser
PETERHOUSE CAPITAL LIMITED
|
Tel: +44 (0) 20
7469 0930
|