Issue of Equity

23 April 2025

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL. 

Fragrant Prosperity Holdings Limited

("FPP" or the "Company")

Equity Fundraise

Fragrant Prosperity Holdings Limited ("Fragrant" or the "Company") announces it has completed (subject to certain conditions) an equity fundraise of £74,630.73 (gross) (the "Fundraise") through the issue of 12,438,455 ordinary shares (the "Fundraise Shares") at a price of 0.6 pence per ordinary share.

The Fundraise has been undertaken by way of a placing of new ordinary shares ("Placing") of no par value ("Ordinary Shares") in the share capital of the Company and was arranged by Optiva Securities Limited ("Optiva") with its clients. The Fundraise is to provide additional capital for the Company to pursue its investment strategy of acquiring a disruptive AI driven fintech business.

The Company is restricted in that it can only issue up to 19.99% of its issued share capital in any 12 month period without the publication of a prospectus, therefore the Fundraise Shares have been restricted to and represent 19.99% of the issued share capital of the Company prior to the Fundraise.

The Fundraise has been undertaken by means of the Placing pursuant to which, the Company will issue 12,483,455 ordinary shares at a price of 0.6p per new ordinary share ("Issue Price"), with each Ordinary Share carrying a half warrant exercisable at a rice of 0.8p per share valid for 12 months.

Admission and Total Voting Rights

Following Admission of the Fundraise Shares, which is expected to occur at 8.00 am on the 30th April 2025, the total number of Ordinary Shares in the Company will be 74,661,841. This figure 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 FCA's Disclosure and Transparency Rules.

This announcement contains inside information for the purposes of regulation 11 of the market abuse (amendment) (EU exit) regulations 2019/310. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

*Ends*

Broker: Optiva Securities

Vishal Balasingham +44 (0) 20 3137 1903