REG - Ora Technology PLC - Ora completes placing of £255,400

Aquis ExchangeAnnouncement

02/12/2024 18:00

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RNS Number : 4865O  Ora Technology PLC  02 December 2024

This announcement contains information which, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (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. 

 

02 December 2024

 

Ora Technology PLC

 

("Ora" or the "Company")

Ora completes placing of £255,400

Ora Technology PLC (AQSE: ORA/ OTC: ORCPF) is pleased to announce a placing by
Clear Capital Markets for a total of 3,192,500 new ordinary shares ("Placing
Shares") of £0.001 each in the share capital of the Company ("Ordinary
Shares") at an issue price of £0.08 (the "Placing Price") per Ordinary Share,
raising gross proceeds of £255,400 (before expenses) (the "Placing").

The Placing Shares, when issued and fully paid, will rank pari passu in all
respects with the existing Ordinary Shares in issue and therefore will rank
equally for all dividends or other distributions declared, made or paid after
the issue of the Placing Shares.

Total Voting Rights:

Application will be made to the Aquis Stock Exchange for admission of
the 3,192,500 Placing Shares to trading on Aquis. It is expected that
admission will become effective and dealings in the Placing Shares will
commence on Aquis at 8.00 a.m. on or around 9 December 2024.

Following Admission, the total number of Ordinary Shares in the capital of the
Company in issue will be 209,870,075 with voting rights. The above figure
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 to their interest in, the Company under the FCA's Disclosure and
Transparency Rules.

For further information, please contact:

 Ora Technology plc

 Mike Edwards         Via First Sentinel

 First Sentinel (Corporate Adviser)

 Brian Stockbridge    brian@first-sentinel.com (mailto:brian@first-sentinel.com)

  

                      +44 (0) 20 3855 5551
 Clear Capital Markets (Broker)

 Bob Roberts          +44 (0) 20 3869 6080

 

About Ora Technology

 

Ora Technology PLC is a software company that is developing a digital carbon
trading platform that intends to offer users the ability to buy, sell and
retire carbon credits in the voluntary carbon market, an instrument used by
both the public and private sectors to work towards carbon neutral and
net-zero climate goals. Ora's 'Ora Carbon' platform aims to allow access to
carbon assets - and the broader carbon economy - with the goal of reducing the
complexity of current industry practices and an emphasis towards providing a
simple and intuitive user experience.

 

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