REG-Augmentum Fintech Plc: Retail Offer

Augmentum FintechAnnouncement

26/10/2020 07:05

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (EU) 596/2014.

THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE
OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION
OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF AUGMENTUM FINTECH
PLC.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON
LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE,
PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

THIS ANNOUNCEMENT AMOUNTS TO A FINANCIAL PROMOTION FOR THE PURPOSES OF SECTION
21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000, AS AMENDED (“FSMA”) AND
HAS BEEN APPROVED BY PRIMARYBID LIMITED WHICH IS AUTHORISED AND REGULATED BY
THE FINANCIAL CONDUCT AUTHORITY (FRN 779021).

26 October 2020

Augmentum Fintech plc

(“Augmentum Fintech” or the “Company”)

Retail Offer

Augmentum Fintech plc (LSE: AUGM), the UK’s only publicly listed fintech
investment company, is pleased to announce an Offer for Subscription via
PrimaryBid (the “Retail Offer”) of new ordinary shares of 1 pence each in
the Company (“New Ordinary Shares”) at an issue price of 120 pence per
New Ordinary Share (the “Issue Price”), being a discount of 6.3 per cent
to the closing price per ordinary share on 23 October 2020 of 128 pence per
ordinary share.  The Company is also conducting an institutional placing of
further ordinary shares at the Issue Price (the “Placing”) as announced on
26 October 2020. Admission is expected to take place at 8.00 a.m. on 3
November 2020. The Retail Offer and the Placing are conditional on the new
ordinary shares to be issued pursuant to the Retail Offer and the Placing
being admitted to trading on 3 November 2020 ("Admission") (or such later date
and time as may be agreed, being not later than 13 November 2020). 
Completion of the Retail Offer is conditional upon the completion of the
Placing.

The proceeds of the Retail Offer and Placing will be used to fund investments
selected from the Company’s near-term qualified pipeline, which currently
contains approximately £120 million of investment opportunities across all
target sectors and geographies, and continues to grow.

Retail Offer

The Company values its retail investor base and is therefore pleased to
provide retail investors the opportunity to participate in the Retail Offer by
applying exclusively through the www.PrimaryBid.com platform and the
PrimaryBid mobile app available on the Apple App Store and Google Play.
PrimaryBid does not charge investors any commission for this service.

The Retail Offer, via the PrimaryBid.com platform and the PrimaryBid mobile
app, is now open to individual investors and will close at 5 p.m. on 29
October 2020.  The Retail Offer may close early if it is oversubscribed.

Subscriptions under the Retail Offer will be considered by the Company on a
“first come, first served” basis, subject to conditions (which are
available to view on PrimaryBid.com).

The Company, in consultation with PrimaryBid, reserves the right to scale back
any order at its discretion. In the event applications for New Ordinary Shares
under either the Placing or the Retail Offer exceed the number of New Ordinary
Shares available for issue under the Placing and the Retail Offer,
applications under the Placing and/or the Retail Offer will be scaled back.
The Company and PrimaryBid reserve the right to reject any application for
subscription under the Retail Offer without giving any reason for such
rejection.

No commission will be charged to investors on applications to participate in
the Retail Offer made through PrimaryBid.  It is vital to note that once an
application for New Ordinary Shares has been made and accepted via PrimaryBid,
an application cannot be withdrawn.

For further information on PrimaryBid.com or the procedure for applications
under the Retail Offer, visit www.PrimaryBid.com or call PrimaryBid.com on
+44 20 3026 4750. 

The New Ordinary Shares will be issued free of all liens, charges and
encumbrances and will, when issued and fully paid, rank pari passu in all
respects with the Company's existing Ordinary Shares.

 Augmentum Fintech plc Tim Levene, Portfolio Manager Nigel Szembel, Investor Relations  +44 (0)20 3961 5420 +44 (0)7802 362088  
 PrimaryBid Limited James Deal Fahim Chowdhury                                          + 44 (0) 203 026 4750                   

Details of the Retail Offer

The Company highly values its retail investor base which has supported the
Company alongside institutional investors since IPO. Given the support of
retail shareholders since launch, the Company believes that it is appropriate
to provide retail investors with the opportunity to participate in the Retail
Offer. The Company is therefore making the Retail Offer available, exclusively
through PrimaryBid.

The Retail Offer is offered under the exemptions against the need for a
prospectus allowed under the Prospectus Regulation Rules. As such, there is no
need for publication of a prospectus pursuant to the Prospectus Regulation
Rules, or for approval of the same by the Financial Conduct Authority. The
Retail Offer is only being made in the UK and is not being made into any
Restricted Jurisdiction or any other jurisdiction where it would be unlawful
to do so.

There is a minimum subscription of £100 per investor under the terms of the
Retail Offer which is open to investors subscribing via PrimaryBid.

For further details please refer to the PrimaryBid.com website
at www.PrimaryBid.com. The terms and conditions on which the Retail Offer is
made, including the procedure for application and payment for New Ordinary
Shares, is available to all persons who register with PrimaryBid.com.

Investors should make their own investigations into the merits of an
investment in the Company. Nothing in this announcement amounts to a
recommendation to invest in the Company or amounts to investment, taxation or
legal advice.

It should be noted that a subscription for New Ordinary Shares and investment
in the Company carries a number of risks. Investors should consider the risk
warnings set out on PrimaryBid.com and the PrimaryBid mobile app before making
a decision to subscribe for New Ordinary Shares. Investors should take
independent advice from a person authorised and experienced in advising on
investment in securities such as the New Ordinary Shares if they are in any
doubt. 



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