Result of Retail Offer
Summary by AI BETAClose X
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE AN OFFER TO BUY, ACQUIRE OR SUBSCRIBE FOR (OR THE SOLICITATION OF AN OFFER TO BUY, ACQUIRE OR SUBSCRIBE FOR) SECURITIES IN ANY JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE UK VERSION OF THE MARKET ABUSE REGULATION (EU NO. 596/2014) AS IT FORMS PART OF UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.
29 June 2026
Cirata plc
("Cirata" or the "Company")
Result of Retail Offer
Cirata plc (LSE: CRTA) announced on 25 June 2026 the launch of a fundraising comprising a conditional Placing and Subscription (the "Launch Announcement") and a separate Retail Offer.
The Company is pleased to announce that the Retail Offer successfully completed and closed at 8.00 a.m. on 29 June 2026 and that it has conditionally raised approximately £0.32 million in the Retail Offer through the issue of 2,155,622 new Ordinary Shares at the Issue Price of 15 pence per share.
Following the close of the Retail Offer, the Company has conditionally raised gross proceeds of approximately £5.4 million (c. $7.2 million) at the Issue Price via the Fundraising and the Retail Offer, pursuant to which the Company will therefore be required to issue and allot a total of 36,310,971 new Ordinary Shares.
The Retail Offer is conditional upon, inter alia, the passing of the GM Resolutions by Shareholders at the General Meeting to be held on 24 July 2026 and Admission becoming effective at 8:00 am on 28 July 2026 (or such later time(s) and/or date(s) as the Company and its advisors may agree, but not later than 11 August 2026).
Capitalised terms used in this announcement shall, unless defined in this announcement or unless the context provides otherwise, bear the same meaning ascribed to such terms in the Launch Announcement.
Admission, Dealings and Total Voting Rights
Application will be made to the London Stock Exchange for the 36,310,971 new Ordinary Shares to be admitted to trading on AIM. Admission is expected to take place and dealings in the Shares are expected to commence at 8.00 a.m. on 28 July 2026 (or such later time(s) and/or date(s) as the Company and its advisors may agree), at which time it is also expected that the Shares will be enabled for settlement in CREST.
Immediately following Admission, the issued share capital of the Company is expected to comprise 162,759,626 Ordinary Shares. Each Ordinary Share carries one voting right and no Ordinary Shares are held in treasury. Therefore, the total number of voting rights in the Company on Admission is expected to be 162,759,626. From Admission, this figure may be used by Shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Enquiries:
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Cirata plc Stephen Kelly, Chief Executive Officer Ed Kee, Finance Director Dan Hayes, Investor Relations |
Via FTI Consulting |
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RetailBook Limited Mike Ward / James Deal
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Stifel, Nominated Adviser Fred Walsh / Brough Ransom / Ben Good / Dan Dearden-Williams |
+44 (0) 20 7710 7600 |
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FTI Consulting, PR adviser Matt Dixon / Kwaku Aning |
+44 (0) 20 3727 1137 |
Notes:
References to times in this Announcement are to London time unless otherwise stated.
The times and dates mentioned throughout this Announcement may be adjusted by the Company in which event the Company will make an appropriate announcement to a Regulatory Information Service giving details of any revised dates and the details of the new times and dates will be notified to London Stock Exchange plc (the "London Stock Exchange") and, where appropriate, Shareholders. Shareholders may not receive any further written communication.
IMPORTANT INFORMATION
This Announcement is not for publication or distribution, directly or indirectly, 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.
This Announcement and the information contained herein, is restricted and is not for publication, release or distribution, directly or indirectly, in whole or in part, in or into Australia, Canada, the Republic of South Africa, Japan or any other jurisdiction in which such publication, release or distribution would be unlawful. Further, this Announcement is for information purposes only and is not an offer of securities in any jurisdiction.
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