Kanabo Group PLC Issuance of New Ordinary Shares and TVR (0058H)

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RNS Number : 0058H

Kanabo Group PLC

24 July 2023

Kanabo Group PLC

("Kanabo" or the "Company")

Issuance of New Ordinary Shares and Total Voting Rights

Following the approval of the Resolutions 13 and 14 as part of the Company's Annual General Meeting on 30 June 2023 and subsequent to the Company's fundraise, announced on 9 May 2023 ("The Fundraise"), an application has been made for the admission of the 18,749,999 ordinary shares issued in connection with the participation of the Group's Non-Executive Chairman, Ian Mattioli, Chief Executive Officer, Avihu Tamir and other Directors and Officers of the Company ("Directors") at a price of 2.88p, and the shares are expected to be admitted, 26 July 2023, to the Standard List of the London Stock Exchange ("Admission").

In addition, the Directors were issued with warrants as detailed in 9 May 2023 announcement.

Following Admission, for the purposes of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, Kanabo announces that the Company has 630,427,870 ordinary shares of 2.5p each in issue ("Ordinary Shares"), each share carrying the right to one vote. The figure of 630,427,870 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 Guidance and Transparency Rules.

The Directors of the Company accept responsibility for the contents of this announcement.

For further information, please visit http://www.kanabogroup.com/ or contact the following:

Enquiries:

 
Kanabo Group plc                                        via Vigo Consulting 
 Avihu Tamir, Chief Executive Officer                   +44 (0)20 7390 0230 
 Assaf Vardimon, Chief Financial Officer 
 Ian Mattioli, Non-Executive Chair of the 
 Board 
Peterhouse Capital Ltd (Financial Adviser 
 and Broker) 
 Eran Zucker/ Lucy Williams / Charles Goodfellow        +44 (0)20 7469 0930 
Vigo Consulting (Financial Public Relations/Investor 
 Relations) 
 Jeremy Garcia / Fiona Hetherington / Verity 
 Snow                                                        +44 (0)20 7390 
 kanabo@vigoconsulting.com                                             0230

About Kanabo Group Plc

Kanabo Group Plc (LSE:KNB) is a healthtech company committed to revolutionising patient care through its innovative technology platform and disruptive product offerings. Since its inception in 2017, Kanabo has been focused on researching, developing, and commercialising regulated medicinal cannabis-derived formulations and therapeutic inhalation devices.

Kanabo's NHS-approved online telehealth platform, The GP Service, provides patients with video consultations, online prescriptions, and primary care services. The Company is a leader in its field, focusing on improving patient outcomes and providing more accessible healthcare experiences.

The Company's partially owned subsidiary, Kanabo Agritec Ltd, is a cultivation consultancy supporting cannabis businesses in developing new farms through infrastructural, research, and product guidance. These farms deliver high-quality raw materials for Kanabo's formulas and product line.

In March 2023, Kanabo successfully launched its Pain Clinic, Treat It, under the expert guidance of its technological and product expertise. Treat It initially focuses on chronic pain management using plant-based medicine and treatments that are currently unavailable through traditional channels.

At Kanabo Group Plc, we are dedicated to providing patients with the highest quality medical treatments and more accessible healthcare experiences.

   Visit   www.kanabogroup.com   for more information.

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July 24, 2023 11:10 ET (15:10 GMT)

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