Admission to AIM and First Day of Dealings

Chaleit Holdings PLC

07 October 2026

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND OR THE REPUBLIC OF SOUTH AFRICA OR TO BE TRANSMITTED, DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS OF SUCH JURISDICTION.

This announcement is an advertisement for the purposes of PRM 12 “Advertisements and other disclosure of information” under the Prospectus Rules: Admission to Trading on a Regulated Market sourcebook of the Financial Conduct Authority and is not a prospectus nor an offer of securities for sale or subscription, nor a solicitation of an offer to acquire or subscribe for securities, in any jurisdiction, including the United States, Australia, Canada, New Zealand, Japan or the Republic of South Africa.

Neither this announcement, nor anything contained herein, shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. Prospective investors should not subscribe for or purchase any securities referred to in this announcement, except on the basis of the information in the admission document dated 2 October 2026, including the risk factors set out therein (the “Admission Document”), in connection with Admission (as defined below). Copies of the Admission Document are available on the Company’s website at chaleitplc.com, subject to applicable securities laws or regulations.

7 October 2026

Chaleit Holdings plc

(“Chaleit” or the “Company” or, together with its subsidiaries, the “Group”)

Admission to AIM and First Day of Dealings

Solving enduring and complex cyber security problems through deep expertise, strategic advisory and technical capability

Chaleit Holdings plc (AIM: CHA), the specialist cyber security advisory firm, announces the admission of its ordinary shares of 0.25 pence each (“Ordinary Shares”) to trading on the AIM market of the London Stock Exchange (“Admission”). The Company's Ordinary Shares will commence trading at 8.00 a.m. today under the ticker 'CHA' and the ISIN GB00C0C5K233.

The Company has raised gross proceeds of approximately £2.1 million at an issue price of 50 pence per Ordinary Share (the “Issue Price”). Of this, approximately £1.1 million has been raised by the Company through the placing of 2,000,000 new Ordinary Shares (the “Placing”) and a direct subscription for 190,000 new Ordinary Shares (the “Subscription”). In addition, 2,000,000 existing Ordinary Shares held by Dan Haagman, the Company’s founder and Chief Executive Officer, have been sold to new investors at the Issue Price (the “Sell-Down” and, together with the Placing and Subscription, the “Fundraising”). On Admission, the Company will have 22,470,298 Ordinary Shares in issue and a market capitalisation of approximately £11.2 million at the Issue Price.

The Admission Document and the information required pursuant to AIM Rule 26 are available on the Company’s website at chaleitplc.com.

Professor Dan Haagman, Chief Executive Officer of Chaleit, commented:

“Chaleit was built to combine the institutional discipline of a large professional services organisation with the client intimacy and deep expertise of a specialist consultancy. We admit to AIM as a profitable, cash-generative business, with a growing international client base, and more than half of our revenue recurring. Our recent trading demonstrates the momentum in the business, and the funds raised at Admission enable us to invest further in our commercial and delivery capabilities as we scale.

“Cyber security is an enduring requirement for every organisation, particularly with the evolution of AI, increasingly complex technology environments and a tighter regulatory environment. We see a substantial opportunity to build on our expertise, broaden the work we undertake for existing clients and develop new relationships in the UK and internationally. Coming to AIM gives us a strong platform for the next phase of our growth story, while allowing us to retain the specialist, client focused approach that sets us apart.

“I would like to thank our colleagues, clients and advisers for their support in reaching this point, and we look forward to delivering the next stage of Chaleit’s growth as an AIM-quoted business.”

Ken Ford, Non-executive Chairman of Chaleit, added:

“Today marks an exciting milestone for Chaleit as we take the next step in our development and begin trading on AIM. We have been working towards this flotation for the last five years and have now got the Company to the stage where in our current financial year, and we are well set for continuing growth. I would like to thank everyone who has supported us in reaching this point and we are looking forward to our next stage of our growth and building the business for the long term value of our shareholders.”

Investment Highlights

•	The Placing and Subscription raised gross proceeds of approximately £1.1 million for the Company. The net proceeds receivable by the Company will provide additional resources and financial flexibility to support the Group's organic growth strategy already under way, including the expansion of its sales and delivery capability.
•	The market capitalisation of the Company will be approximately £11.2 million on Admission. The Company will have 22,470,298 Ordinary Shares in issue on Admission, with approximately 18.04 per cent. in public hands.
•	Since incorporation in 2021, Chaleit has established international operations, developed its own client base and built a profitable and cash generative business. Revenue increased from £1.74 million in FY25 to £2.11 million in FY26, while profit increased from £116,000 to £510,000. Gross profit margin increased from 62.3 per cent. to 73.7 per cent. and operating profit margin from 8.3 per cent. to 32.2 per cent.

Proven Track Record and Significant Growth Opportunities

•	Chaleit is a penetration testing and offensive security consultancy, examining technology from the perspective of a malicious attacker to reveal how vulnerabilities arise, how systems can be compromised, and how organisations can respond before those vulnerabilities are exploited. Around this core, Chaleit has built a broader consultancy encompassing AI and language model security, cloud security and development security operations engineering, and cyber advisory, governance and compliance work.
•	Cyber security is an enduring enterprise requirement, supported by increasing dependence on technology and data, evolving threats, regulation and the adoption of artificial intelligence.
•	The Group intends to deepen its presence in selected international markets, with a particular focus on the United Kingdom, the United States, Australia and Singapore.
•	Chaleit is a profitable and cash generative business with a significant proportion of revenue recurring, reflecting its development beyond predominantly point-in-time technical engagements into broader and continuing client relationships. The Group had 47 clients in FY26 (FY25: 41) and client renewal rates have exceeded 85 per cent.
•	Chaleit has invested in developing institutional knowledge alongside that gained through technical work and client relationships, including through structured research and engagement with senior cyber security practitioners and academia.
•	Established routes to market include direct enterprise sales, executive and CISO relationships, referrals, industry participation, research and informed opinion.

Current trading and prospects

Since 31 March 2026, the Group has continued to grow revenue and trading has been ahead of the Board’s expectations. Unaudited management accounts for the five months ended 31 August 2026 show revenue of approximately £1.23 million, representing growth of approximately 49 per cent. over the equivalent period in FY26. This rate of growth is significantly higher than that achieved over the three years ended 31 March 2026, during which revenue grew at a compound annual growth rate of 11.2 per cent. The Board attributes this increase principally to the progression of new client relationships secured during FY26 into continuing engagements. The Board continues to build on these foundations through continued organic growth and selective international expansion, consistent with Chaleit’s strategy.

The Group has continued to strengthen its senior team since the year end: a Chief Revenue Officer joined on a part-time basis in August 2026, to become full-time from January 2027, and two further senior technical leads were promoted to Vice President and Associate Vice President with effect from 1 October 2026.

The Directors believe that the Group’s diversified and reducing client concentration, improving margins and strengthened senior team and established international presence provide a sound platform from which to pursue its growth strategy as described in the Company’s Admission Document.

Video Interview

Following the successful IPO, an interview with Prof. Dan Haagman, CEO, is available to view via the following link:

https://chaleitplc.com/financials/results-reports-presentations.asp

Contacts:

Chaleit Holdings plc				chaleitplc.com
Dan Haagman, Chief Executive Officer Jody Hyde, Chief Financial Officer / Chief Operating Officer				Via Walbrook PR
Strand Hanson Limited (Nominated and Financial Adviser)			Tel: [phone]
James Spinney / James Bellman / Imogen Ellis
Oberon Investments Limited (Corporate Broker)				Tel: [phone]
Mike Seabrook
Walbrook PR Ltd (Financial PR & IR)		Tel: [phone] or [e-mail]
Paul McManus / Nick Rome Anna Dunphy / William Turner	Mob: [phone] / Mob: [phone]  Mob: [phone] / Mob: [phone]

About Chaleit Holdings plc

Founded in 2021 and headquartered in Cambridge (UK), Chaleit Holdings plc (AIM: CHA), is a specialist cyber security advisory firm, examining technology from the perspective of a malicious attacker to reveal how vulnerabilities arise, how systems can be compromised, and how organisations can respond before those vulnerabilities are exploited. Around this core, Chaleit has built a broader consultancy encompassing AI and language model security, cloud security and development security operations engineering, and cyber advisory, governance and compliance work, applied individually or in combination according to its clients’ needs.

The Group is CREST-accredited for penetration testing and FSQS-registered, and has worked directly or through partners with blue-chip organisations, across the United Kingdom and Europe, the United States, Australia and the wider Asia-Pacific region.

The Board intends to grow the Group’s existing services business through deepening relationships with existing clients, expanding the range of complementary services provided to them, increasing recurring advisory, assurance and analysis, and winning new clients through a more systematic sales and marketing approach.

Prof. Dan Haagman, CEO, founded Chaleit in 2021, watch here for his summary of the business and its strategy for growth (scroll down to "Watch" at the bottom of the page): https://chaleitplc.com/index.asp

The Board

On Admission, the Board will comprise two Executive Directors and two Independent Non-Executive Directors, details of whom are set out below:

Professor Dan Haagman – Founder, Group Chief Executive Officer and Executive Director

Dan Haagman has more than 25 years’ experience in cyber security, technology and the building and leadership of international cyber security businesses. His career began in the City of London where he was part of the team responsible for establishing an early Security Operations Centre at the London Stock Exchange. In 2001 he co-founded 7Safe, which developed into a recognised UK cyber security business before being acquired by PA Consulting Group. Following the acquisition, he helped integrate and expand the business internationally, including across the United States, Europe and the Middle East. He subsequently co-founded and led NotSoSecure, which grew rapidly as an international cyber security and training business before its acquisition by Claranet Group in 2018. Professor Haagman founded Chaleit in 2021, drawing on the experience accumulated through his previous businesses to build a specialist cyber security consultancy with operations and clients internationally. He remains actively involved with clients and the wider cyber security profession alongside his role as Chief Executive Officer. He holds a First Class Honours degree in Psychology and Business, is an Honorary Professor of Practice at Murdoch University, a Research Fellow at the University of Warwick and is currently undertaking a Doctorate of Information Technology focussed on cyber security. He is also founder and research lead of the CISO Global Study, through which he engages with senior cyber security leaders internationally and regularly chairs and participates in leading CISO conferences and industry forums. His experience spans technical cyber security, the development and operation of specialist businesses, client advisory and industry research.

Jody Hyde – Chief Financial Officer and Chief Operating Officer

Jody Hyde is a Chartered Global Management Accountant with over 20 years’ experience across finance, operations and commercial leadership, including more than 12 years within cyber security and technology-led services. Before joining Chaleit in 2022, she held senior roles at 7Safe, PA Consulting, NotSoSecure and Claranet, with earlier experience in aerospace, engineering and at the University of Cambridge. During her time with PA Consulting and 7Safe she held finance responsibility across multiple international entities and branches spanning the United Kingdom, the Nordic region and the Gulf, including the transition of overseas finance functions into a centralised UK operation, and has coordinated financial due diligence and acquisition workstreams involving legal, tax, accounting and operational stakeholders.

As CFO and COO, Jody Hyde is responsible for the Group’s financial and operational management and has played a central role in developing the governance, financial controls, reporting and operating infrastructure required to support Chaleit’s growth. Her experience includes multi-entity and multi-jurisdiction operations, acquisitions and due diligence, financial planning and the development of scalable management and reporting frameworks.

Ken Ford – Non-Executive Chairman

Ken Ford is an experienced public company chairman and corporate financier with extensive UK capital markets, M&A and AIM experience. His career has included senior roles at Wedd Durlacher and Aberdeen Asset Management, and as Head of Corporate Finance at Morgan Grenfell Securities.

In 1998, Ken led the flotation of Teather & Greenwood at a valuation of approximately £7 million. As Chief Executive, he subsequently grew the business before its sale to Landsbanki in 2005 for approximately £43 million. Ken also led the flotation of BrainJuicer plc (now System1 Group plc) on AIM and subsequently served as its Chairman. The company floated at a valuation of approximately £13 million. Ken is currently Chairman of AIM-listed SDI Group plc, where he has served since 2012 and overseen growth in market capitalisation from approximately £2 million to £88 million. He also holds Non-Executive Chairman roles at TEAM LEWIS and Antibodies.com.

Ken holds a BSc (Hons) in Economics and is a Fellow of the Securities Institute (FSI).

Robert Naylor – Non-Executive Director

Robert Naylor is a Chair, Non-Executive Director and fund manager with 30 years’ experience in listed funds and life sciences. He currently serves as a Non-Executive Director of Renalytix plc and Niox plc, lead fund manager of Achilles Investment Company Limited, and Chairman of Aquila European Renewables plc. His recent chairmanships include Hipgnosis Songs Fund Limited, where he led a strategic review culminating in a US$1.6 billion recommended offer, and Roundhill Music Royalty Fund Limited, sold in 2023 at a 67 per cent. premium. Robert Naylor was previously CEO and co-founder of Intuitive Investments Group Plc and held senior corporate finance and corporate broking roles at Cenkos Securities, Panmure Gordon, JPMorgan Asset Management and Matrix Corporate Capital. He is a Chartered Accountant (ACA).

IMPORTANT NOTICES

THIS ANNOUNCEMENT IS NOT FOR PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA. THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES FOR SALE INTO THE UNITED STATES. THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES, EXCEPT PURSUANT TO AN APPLICABLE EXEMPTION FROM REGISTRATION. NO PUBLIC OFFERING OF SECURITIES IS BEING MADE IN THE UNITED STATES.

The information contained in this announcement is for background purposes only and does not purport to be full or complete, nor does this announcement constitute or form part of any invitation or inducement to engage in investment activity. No reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness.

This announcement is not for release, publication or distribution in whole or in part, directly or indirectly, in or into or from the United States, Australia, Canada, New Zealand, Japan, the Republic of South Africa or any other jurisdiction where such distribution would be unlawful. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This announcement does not constitute a prospectus or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, or otherwise invest in, ordinary shares in the capital of the Company (“Ordinary Shares”) to any person in any jurisdiction to whom or in which such offer or solicitation is unlawful, including the United States, Australia, Canada, New Zealand, Japan or the Republic of South Africa. There will be no public offering of securities by the Company in the United States, Australia, Canada, New Zealand, Japan or the Republic of South Africa.

This announcement is only being addressed and directed at persons falling within Articles 19 (investment professionals) and 49 (high net worth companies etc.) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (SI. 2005/No. 1529) or other persons to whom it may otherwise lawfully be communicated (“Relevant Persons”).

No Ordinary Shares have been offered or will be offered to the public in the United Kingdom except that the Ordinary Shares may be offered to the public in the United Kingdom at any time: (a) to any qualified investor as defined under paragraph 15 of Schedule 1 of the POATR; or (b) to fewer than 150 legal persons (other than qualified investors as defined under paragraph 15 of Schedule 1 of the POATR); or (c) in any other circumstances falling within Part 1 of Schedule 1 of the POATR. For the purposes of this provision, the expression an “offer to the public” in relation to the Ordinary Shares in the United Kingdom means the communication to any person which presents sufficient information on: (a) the Ordinary Shares to be offered; and (b) the terms on which they are to be offered, to enable an investor to decide to buy or subscribe for the Ordinary Shares and the expression “POATR” means The Public Offers and Admissions to Trading Regulations 2024.

Some statements in this announcement contain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties. Forward-looking statements are frequently characterised by words such as “anticipates”, “may”, “can”, “plans”, “believes”, “estimates”, “expects”, “projects”, “targets”, “intends”, “likely”, “will”, “should”, “to be”, “potential” and other similar words, or statements that certain events or conditions “may”, “should” or “will” occur.

Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct.

Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, each of the Company, Strand Hanson, Oberon and all other persons disclaims any intent or obligation to update, supplement, amend or revise any forward-looking statement, whether as a result of new information, future events, or results or otherwise. The reader is cautioned not to place undue reliance on forward-looking statements. The forward-looking information contained in this announcement is expressly qualified by this cautionary statement.

Before subscribing for any Ordinary Shares, persons viewing this announcement should read the Admission Document and ensure that they fully understand and accept the potential risks associated with a decision to invest in the Ordinary Shares. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. This announcement does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to acquire, whether by subscription or purchase, any Ordinary Shares or any other securities, nor shall it (or any part of it), or the fact of its distribution, form the basis of, or be relied on in connection with, or act as any inducement to enter into, any contract or commitment whatsoever.

Potential investors should not base their investment decisions on this announcement or any part of it. Acquiring securities to which this announcement relates may expose an investor to significant risk of losing some or all of the amount invested. Following Admission, the value of the Ordinary Shares could decrease as well as increase. Neither this announcement, nor the Admission Document constitute a recommendation with respect to any investment in Ordinary Shares. Potential investors should consult a suitably qualified and experienced professional adviser as to the suitability of an investment in Ordinary Shares for the person concerned.

Nothing contained in this announcement constitutes or should be construed as being (i) investment, financial, tax, accounting or legal advice; (ii) a representation that any investment or investment strategy is suitable or appropriate to your particular circumstances; or (iii) a personal recommendation. No statement contained in this announcement is intended to be, and nor shall any such statement be construed as, a profit forecast.

For the avoidance of doubt, the contents of the Company's website are not incorporated into, and do not form part of, this announcement.

Strand Hanson Limited (“Strand Hanson”) is authorised and regulated in the United Kingdom by the Financial Conduct Authority and is acting exclusively for the Company and no one else in connection with Admission or any other transaction, matter or arrangement referred to in this announcement. Strand Hanson will not regard any other person as its client in relation to Admission, or any other transaction, matter or arrangement referred to herein and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients or for providing any advice in relation to Admission, or any other transaction, matter or arrangement referred to in this announcement.

Apart from the responsibilities and liabilities, if any, which may be imposed on Strand Hanson by the Financial Services and Markets Act 2000 (as amended) (“FSMA”), or the regulatory regime established thereunder, or under the regulatory regime of any jurisdiction where exclusion of liability under the relevant regulatory regime would be illegal, void or unenforceable, neither Strand Hanson nor any of its affiliates and/or any of its or its affiliates' directors, officers, partners, employees, advisers and/or agents accepts any responsibility whatsoever for the contents of this announcement including its accuracy, completeness and verification or for any other statement made or purported to be made by it, or on its behalf, in connection with the Company, Admission, or the Ordinary Shares. No representation or warranty, express or implied, is made by Strand Hanson, its affiliates or any selling agent as to the accuracy, completeness, verification or sufficiency of such information and nothing contained in this announcement is, or shall be relied upon as, a promise or representation in this respect, whether or not to the past or future. Accordingly, Strand Hanson, its affiliates and its or its affiliates' directors, officers, partners, employees, advisers and agents accordingly disclaim, to the fullest extent permissible by law, all and any responsibility or liability (save for statutory liability), whether arising in tort, contract or otherwise which they might otherwise be found to have in respect of this announcement or any such statement or otherwise.

Oberon Investments Limited (“Oberon”) is authorised and regulated in the United Kingdom by the Financial Conduct Authority and is acting exclusively for the Company as broker and no one else in connection with Admission or any other transaction, matter or arrangement referred to in this announcement. Oberon will not regard any other person as its client in relation to Admission, or any other transaction, matter or arrangement referred to herein and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients or for providing any advice in relation to Admission, or any other transaction, matter or arrangement referred to in this announcement. Neither Oberon nor any of its affiliates accepts any responsibility whatsoever for the contents of the information contained in this announcement or for any other statement made or purported to be made by or on behalf of Oberon or any of its affiliates in connection with the Company or Admission.

 

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