Result of Placing
Summary by AI BETAClose X
THIS ANNOUNCEMENT, AND THE INFORMATION CONTAINED HEREIN (TOGETHER, THIS “ANNOUNCEMENT”) 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, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR FORM ANY PART OF AN OFFER TO SELL OR ISSUE, OR A SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY SECURITIES IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL OR TO ANY PERSON TO WHOM IT IS UNLAWFUL TO MAKE SUCH OFFER OR SOLICITATION. NO PUBLIC OFFERING OF THE NEW SHARES IS BEING MADE IN ANY SUCH JURISDICTION. ANY FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF SUCH JURISDICTIONS. PLEASE SEE THE IMPORTANT INFORMATION IN THIS ANNOUNCEMENT.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 (AS AMENDED) (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED)). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
22 September 2026
Tap Global Group PLC
(“Tap”, the “Company” or the “Group”)
Result of Placing
Tap Global Group plc (AIM: TAP), the innovative digital finance hub that brings money, payments and crypto settlement services together in a single user-friendly app, is pleased to announce that, further to the announcement published on 18 September 2026 regarding the Placing (the “Launch Announcement”), it has conditionally raised £1.0 million (before expenses) by way of the issue of 100,000,000 Placing Shares at the Placing Price of 1.0 penny per Placing Shares. The Placing was heavily oversubscribed.
Closure of Capital Access Window
The Company confirms that the Capital Access Window announced on 18 September 2026 has closed following completion of the Placing. Accordingly, the suspension of trading in the Company's Ordinary Shares will be lifted and trading will resume at 7:30 a.m. today, 22 September 2026.
Director participation in the Placing
Arsen Torosian, Chief Executive Officer, has subscribed for 17,500,000 Placing Shares at the Placing Price and, following Admission, will hold 459,981,185 Ordinary Shares, representing 54.5 per cent. of the enlarged issued share capital of the Company.
Issue of Warrants
In connection with the Placing, the Company has agreed on Admission to issue the Broker Warrants. The Broker Warrants will grant Cavendish the right to subscribe for 2,000,000 new Ordinary Shares within 60 months following Admission at a subscription price equal to the Placing Price.
Admission
Application has been made to the London Stock Exchange for admission of the 100,000,000 Placing Shares to trading on AIM. Admission is expected to occur at 8.00 a.m. on 25 September 2026 (or such later time(s) and/or date(s) as Cavendish and the Company may agree).
The Placing Shares, when issued, will be credited as fully paid and will rank pari passu in all respects with the existing Ordinary Shares, including the right to receive all dividends and other distributions declared, made or paid after the date of issue.
Following Admission, the Company will have 844,609,624 Ordinary Shares in issue. This figure of 844,609,624 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 of their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Arsen Torosian, Group CEO and Co-Founder, commented:
“The successful Placing marks an important step in our strategy to build a unique income-generating digital asset treasury, enabling Tap to begin accumulating assets at what we believe are attractive levels while generating income through a proven Tap Earn product. I was pleased to participate in the Placing personally, alongside other investors, reflecting my confidence in the strategy and the opportunity ahead.
With over US$5.6 million of digital asset deposits already generating income through Tap Earn, we are building on an established revenue-generating platform to create a differentiated digital asset treasury. We look forward to putting the funds raised to work and continuing to build what we believe can become the UK’s largest income-generating digital asset treasury.”
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.
For further information, please contact:
|
Tap Global Group plc Arsen Torosian, Chief Executive Officer |
via Vigo Consulting |
|
SPARK Advisory Partners Limited (AIM Nominated Adviser) Andrew Emmott / Angus Campbell |
+44 (0)20 3368 3555 |
|
Cavendish Capital Markets (Broker) Adrian Hadden / George Lawson (Corporate Finance); Dale Bellis / Jason Trill (Sales & Corporate Broking) |
+44 (0)20 7220 0500 |
|
AlbR Capital Gavin Burnell / Jon Belliss / Colin Rowbury |
+44 (0)20 7469 0930 |
|
Vigo Consulting (Investor Relations) Ben Simons / Amelia Thorn / Georgina Moul |
+44 (0)20 7390 0230; tapglobal@vigoconsulting.com |
About Tap Global Group plc
Tap (AIM: TAP, OTCID: TAPIF) is a regulated crypto-fintech. Through one app, more than 400,000 customers in 25+ countries trade over 70 cryptoassets spend wherever Mastercard is accepted — hundreds of millions of locations in more than 220 countries and territories, and earn yield on their holdings through Tap Earn. Tap's European business was the first cryptocurrency fintech approved by Mastercard in Europe. In August 2026, Tap launched a Digital Asset Income Strategy (“DAIS”): a yield-earning reserve of digital assets, deployed through Tap Earn. The Group has been licensed by the Gibraltar Financial Services Commission under its DLT framework for six years.
Investor website: www.investor.tap.global
This announcement contains forward-looking statements; actual results may differ materially. All FY26 figures are unaudited and subject to audit adjustment. Cryptoasset holdings are stated at market value as at 30 June 2026 and include the Group's holding of XTP, the Group's native token; cryptoasset values are volatile and may differ materially at the date of this Announcement. Audited results for FY26 are expected to be published in December 2026. Programme figures are point-in-time, unaudited and reported at deployment-account level. Yields are variable and not guaranteed; customer rates may change. Cryptoasset values are volatile and participation in the Tap Earn programme carries risk, as set out in the programme's terms and risk disclosures. This announcement does not constitute investment advice or a financial promotion of the Tap Earn programme.
The person responsible for arranging the release of this Announcement on behalf of the Company is Arsen Torosian, a director of the Company.
IMPORTANT NOTICES
The distribution of this Announcement and/or the Placing and/or issue of the Placing Shares in certain jurisdictions may be restricted by law. No action has been taken by the Company, Cavendish or any of their respective affiliates, agents, directors, officers, consultants, partners or employees (Representatives) that would permit an offer of the Placing Shares or possession or distribution of this Announcement or any other offering or publicity material relating to such Placing Shares in any jurisdiction where action for that purpose is required. Persons into whose possession this Announcement comes are required by the Company and Cavendish to inform themselves about and to observe any such restrictions.
This Announcement or any part of it is for information purposes only and does not constitute or form part of any offer to issue or sell, or the solicitation of an offer to acquire, purchase or subscribe for, any securities in the United States, Australia, Canada, the Republic of South Africa or Japan or any other jurisdiction in which the same would be unlawful. No public offering of the Placing Shares is being made in any such jurisdiction.
The Placing Shares have not been approved or disapproved by the US Securities and Exchange Commission, any state securities commission or other regulatory authority in the United States, nor have any of the foregoing authorities passed upon or endorsed the merits of the Placing or the accuracy or adequacy of this Announcement. Any representation to the contrary is a criminal offence in the United States. The relevant clearances have not been, nor will they be, obtained from the securities commission of any province or territory of Canada, no prospectus has been lodged with, or registered by, the Australian Securities and Investments Commission or the Japanese Ministry of Finance; the relevant clearances have not been, and will not be, obtained from the South African Reserve Bank or any other applicable body in the Republic of South Africa in relation to the Placing Shares; and the Placing Shares have not been, nor will they be, registered under or offered in compliance with the securities laws of any state, province or territory of the United States, Australia, Canada, the Republic of South Africa or Japan. Accordingly, the Placing Shares may not (unless an exemption under the relevant securities laws is applicable) be offered, sold, resold or delivered, directly or indirectly, in or into the United States, Australia, Canada, the Republic of South Africa or Japan or any other jurisdiction outside the United Kingdom or the EEA.
Persons (including, without limitation, nominees and trustees) who have a contractual right or other legal obligations to forward a copy of this Announcement should seek appropriate advice before taking any such action.
This Announcement may contain, or may be deemed to contain, “forward-looking statements” with respect to certain of the Company's plans and its current goals and expectations relating to its future financial condition, performance, strategic initiatives, objectives and results. Forward-looking statements sometimes use words such as “aim”, “anticipate”, “target”, “expect”, “estimate”, “intend”, “plan”, “goal”, “believe”, “seek”, “may”, “could”, “outlook” or other words of similar meaning. By their nature, all forward-looking statements involve risk and uncertainty because they relate to future events and circumstances which are beyond the control of the Company, including amongst other things, United Kingdom domestic and global economic business conditions, market-related risks such as fluctuations in interest rates and exchange rates, the policies and actions of governmental and regulatory authorities, the effect of competition, inflation, deflation, the timing effect and other uncertainties of future acquisitions or combinations within relevant industries, the effect of tax and other legislation and other regulations in the jurisdictions in which the Company and its affiliates operate, the effect of volatility in the equity, capital and credit markets on the Company's profitability and ability to access capital and credit, a decline in the Company's credit ratings; the effect of operational risks; and the loss of key personnel. As a result, the actual future financial condition, performance and results of the Company may differ materially from the plans, goals and expectations set forth in any forward-looking statements. Any forward-looking statements made in this Announcement by or on behalf of the Company speak only as of the date they are made. Except as required by applicable law or regulation, the Company expressly disclaims any obligation or undertaking to publish any updates or revisions to any forward-looking statements contained in this Announcement to reflect any changes in the Company's expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based.
Cavendish Capital Markets Limited is authorised and regulated by the FCA in the United Kingdom and is acting exclusively for the Company and no one else in connection with the Accelerated Bookbuild and the Placing, and Cavendish will not be responsible to anyone (including any Placees) other than the Company for providing the protections afforded to its clients or for providing advice in relation to the Accelerated Bookbuild or the Placing or any other matters referred to in this Announcement.
No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by Cavendish or by any of its Representatives as to, or in relation to, the accuracy or completeness of this Announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefor is expressly disclaimed.
SPARK Advisory Partners Limited is authorised and regulated by the FCA in the United Kingdom and is acting exclusively for the Company and no one else in connection with the Placing, and SPARK will not be responsible to anyone (including any Placees) other than the Company for providing the protections afforded to its clients or for providing advice in relation to the Placing or any other matters referred to in this Announcement. The responsibilities of SPARK as the Company's nominated adviser under the AIM Rules for Nominated Advisers are owed solely to the Exchange and are not owed to the Company or to any director of the Company or to any other person.
No statement in this Announcement is intended to be a profit forecast or estimate, and no statement in this Announcement should be interpreted to mean that earnings per share of the Company for the current or future financial years would necessarily match or exceed the historical published earnings per share of the Company.
The price of shares and any income expected from them may go down as well as up and investors may not get back the full amount invested upon disposal of the shares. Past performance is no guide to future performance, and persons needing advice should consult an independent financial adviser.
The Placing Shares to be issued pursuant to the Placing will not be admitted to trading on any stock exchange other than the AIM market of the London Stock Exchange.
Neither the content of the Company's website nor any website accessible by hyperlinks on the Company's website is incorporated in, or forms part of, this Announcement.
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