REG - Sabien Technology

REG - Sabien Technology - Issue of shares to directors & broker

("Sabien", the "Company" or the "Group")

Issue of shares to settle directors' remuneration and broker fees

Sabien Technology Group plc (AIM: SNT), the manufacturer and provider of energy reduction technologies, announces the issue of new ordinary shares of 3p each in the capital of the Company ("Ordinary Shares") to the Sabien board of directors (the "Board" or the "Directors") as well as to the Company's broker, AlbR Capital Limited.

As announced by the Company on 2 June 2026, the Board agreed in principle to capitalise accrued FY26 directors' remuneration totalling approximately £179,409 through the issue of new Ordinary Shares at a deemed price of 6 pence per new Ordinary Share, subject to the necessary corporate approvals. This follows the Company's notification on 19 November 2024, where it was noted that as part of the Company's ongoing cost strategy it reserves the right in the future to issue new Ordinary Shares to the Board in satisfaction of their outstanding remuneration.

Accordingly, in total, 2,990,150 new Ordinary Shares have been issued to the Board (the "Board Shares") at a deemed issue price of 6 pence per new Ordinary Share. The following amounts will be settled in new Ordinary Shares with fractional entitlements rounded down:

PRICE PER NEW ORDINARY SHARE PENCE

TOTAL BENEFICIAL INTEREST POST ISSUE

PERCENTAGE OF ENLARGED SHARE CAPITAL OF ADMISSION

Any VAT payable on the remuneration will be paid in cash.

In addition, as outlined in the Company's announcement on 2 June 2026, the Company's broker, AlbR Capital Limited, agreed to accept settlement for £40,000 of accrued broker fees via the issue of new Ordinary Shares. Accordingly, 1,066,666 new Ordinary Shares have been issued to AlbR Capital Limited ("Broker Shares") at a deemed issue price of 3.75 pence per new Ordinary Share.

Application will be made to the London Stock Exchange plc for the 4,056,816 new Ordinary Shares to be admitted to trading on AIM ("Admission").

It is currently anticipated that Admission will become effective and that dealings in the 4,056,816 new Ordinary Shares will commence on AIM at 8.00 a.m. on or around 16 June 2026.

On Admission, the Company will have 31,725,958 Ordinary Shares in issue, each with one voting right. There are no shares held in treasury. Therefore, the Company's total number of Ordinary Shares in issue and voting rights will be 31,725,958 and this figure may be used by Shareholders from Admission 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 Guidance and Transparency Rules.

The FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation, is set out at the end of this announcement.

Richard Parris, Executive Chairman

Allenby Capital Limited (Nominated Adviser)

John Depasquale / Nick Harriss / Vivek Bhardwaj

About Sabien Technology Group plc

Sabien Technology Group plc provides energy reduction solutions designed to help businesses achieve their sustainability goals, with a particular focus on reducing energy consumption and carbon emissions.

The Sabien Technology Group plc holds the Green Economy Mark from the London Stock Exchange, recognising companies generating over 50% of their revenues from sustainable products and services.

Details of the person discharging managerial responsibilities / person closely associated

Initial notification /Amendment

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

Description of the financial instrument, type of instrument

Ordinary shares of 3 pence each in Sabien Technology Group Plc ("Ordinary Shares")

Identification code (ISIN) for Sabien Technology Group Plc ordinary shares: GB00BN6JG812

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END UPDFLFSRRRIILIR

More news from London Stock Exchange