Apr 11

The company proposes to raise 2.1 million pounds (before expenses) depending on the investment and subscription. The company raised a total of approximately GBP 1.2 million through the placement of EIS/VCT Placing Shares, approximately 0.46 million pounds through the general Placing Shares offering and GBP 0.47 million through the underwriting. The offering and underwriting shares are admitted in two business days to assist investors in the placement of all EIS/VCT securities to claim certain tax breaks for EIS and VCT investors. At the time of the agreement, the company has an [authorized equity capital equal to [insert], subdivided into [insertum] created in March 2013 and admitted to AIM in December 2017. The company`s revenue model has evolved since its admission to AIM: initially, It has focused on licenses that have mostly generated one-time sales, with the development of the software suite and the growing reputation of the Pelatro brand and growing supply, the company has decided to move to a recurring revenue model in 2019 in order to improve the quality and visibility of profits and meet the demand of its customers. The company sells two types of recurring revenue contracts: Revenue Gain Share, in which Pelatro earns a share of the monthly profit from revenue generated by the use of its product; and management services for which Pelatro deserves a fixed monthly fee for product supply and operations management. The company has so far won six such contracts and in the first half of 2020, recurring revenue was about 60 per cent. total sales. The company intends to use the proceeds of the offering to finance the working capital for management services, which will allow Pelatro to launch larger tenders. Following this announcement, the Company will issue a general meeting announcement and a circular accompanying existing shareholders.

All relevant documents are also available on the company`s website at downloadable www.pelatro.com — only with respect to the issuance of the EIS/VCT investment shares, with the first admission approved no later than 8:.m a.m. on August 21, 2020 (or at the later date agreed between the company and Cenkos, no later than 8.00 .m.

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