Exercise of Warrants, Issue of Equity
Intuitive Investments Group plc
10 July 2026
10 July 2026
Intuitive Investments Group plc
("IIG" or the "Company")
Exercise of Warrants, Issue of Equity & Rule 2.9 Update
IIG announces that it has received a valid notice of exercise from Mannerston Investments Limited ("Mannerston") in respect of all of the warrants held by it pursuant to the amended warrant instrument announced by the Company on 8 July 2026.
On 8 July 2026, the Company announced that it had agreed with Mannerston to amend the terms of the warrant instrument originally entered into with it on 26 October 2023, to reduce the exercise price to £0.10 per ordinary share and reduce the number of ordinary shares subject to the warrant to 2,010,149. Pursuant to such amended warrant instrument, Mannerston has now exercised its warrants in full and, following Admission (as defined below), none of the warrants issued to Mannerston will remain outstanding.
Accordingly, the Company has today allotted 2,010,149 new ordinary shares of 10 pence each in the capital of the Company (the "New Ordinary Shares").
The aggregate subscription price payable on the exercise of the warrants was £201,014.90, which has been duly received by the Company.
Application has been made for the New Ordinary Shares to be admitted to trading on the Specialist Fund Segment of the Main Market of London Stock Exchange plc ("Admission"). Admission is expected to become effective at 8.00 a.m. on 16 July 2026.
The New Ordinary Shares will rank pari passu in all respects with the Company's existing ordinary shares.
Rule 2.9 disclosure & Total Voting Rights
In accordance with Rule 2.9 of the City Code on Takeovers and Mergers, the Company confirms that, with effect from Admission, its issued ordinary share capital will consist of 242,592,761 ordinary shares of 10 pence each in the capital of the Company admitted to trading on the Specialist Fund Segment of the Main Market of London Stock Exchange plc.
The Company does not hold any ordinary shares in treasury.
The International Securities Identification Number ("ISIN") for the Company's ordinary shares is GB00BPTH6Y20, and the Company's LEI is 2138004A32UIY92WWR66.
The above figure of 242,592,761 ordinary shares may be used by shareholders from Admission as the denominator for the calculations by which they determine whether they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Enquiries:
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Intuitive Investments Group plc Sir Nigel Rudd, Non-Executive Chairman Giles Willits, CEO |
Via FTI Consulting |
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Zeus Dominic King / James Hornigold |
+44 (0)20 3829 5000 |
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FTI Consulting John Waples / Valerija Cymbal / Jemima Gurney |
+44 (0)20 3727 1000 IIG@fticonsulting.com |
About Intuitive Investments Group plc
IIG is a closed-end investment company focused on fast growing and high potential investment opportunities. Following its move to the Specialist Fund Segment of the London Stock Exchange, IIG made an investment in Hui10 in October 2023 which now forms its main investment focus.
About Hui10
Hui10 is a technology company involved in the digital transformation of the Chinese lottery. Its paperless lottery play platform unlocks the market expansion of the Chinese lottery aiming to increase the number of people playing the lottery from the current circa 10% participation level to target more than 30%. Lucky World is Hui10's omnichannel commerce platform which provides China's existing 200,000 lottery only shops access to a wider fastmoving consumer goods product offering through its growing number of commercial partnerships with leading Chinese suppliers.
Important notices
The release, distribution or publication of this announcement in jurisdictions other than the United Kingdom and the availability of any offer to shareholders of IIG who are not resident in the United Kingdom may be affected by the laws of such relevant jurisdictions. Therefore, any persons who are subject to the laws of any jurisdiction other than the United Kingdom or shareholders of IIG who are not resident in the United Kingdom should inform themselves about and observe any applicable requirements.
Disclosure requirements of the Code
Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of IIG or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) IIG and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 p.m. (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 p.m. (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of IIG or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.
Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of IIG or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of IIG or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) IIG and (ii) any securities exchange offeror(s), save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 p.m. (London time) on the business day following the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.
Opening Position Disclosures must also be made by IIG and by any offeror and Dealing Disclosures must also be made by IIG, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).
Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Takeover Panel's Market Surveillance Unit on +44 (0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.
The defined terms used in this section "Disclosure requirements of the Code" are defined in the Code which can be found on the Takeover Panel's website.
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