REG - Caledonian Holdings - Result of Broker Option and other matters

Caledonian HoldingsAnnouncement

27/03/2025 08:15

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RNS Number : 4160C  Caledonian Holdings PLC  27 March 2025

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION
11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.

 

27 March 2025

 

Caledonian Holdings plc

(formerly Vela Technologies plc)

("Caledonian Holdings" or "the Company")

 

Result of Broker Option

 

Update on Admission of Fundraising Shares and issue of Warrants

 

Further to the Company's announcement on 24 March 2025, the Board of
Caledonian Holdings, the AIM-quoted investing company, announces that the
Broker Option has now closed. The Broker Option has raised £112,500 at the
Issue Price of 0.0025p per share through the issue of 4,500,000,000 new
Ordinary Shares ("Broker Option Shares"). In addition, recipients of Broker
Option Shares have been granted one warrant for every two Broker Option Shares
subscribed for, exercisable at a price of 0.0075p per warrant (the "Broker
Option Warrants"), resulting in the issue of 2,250,000,000 Broker Option
Warrants. The Broker Option Warrants are on the same terms as the Warrants
issued pursuant to the Fundraising, as detailed in the Company's announcement
of 4 March 2025.

 

The total amount raised by the Company pursuant to the Fundraising and the
Broker Option is approximately £1.2 million (before expenses).

 

Admission of the Placing Shares and issue of Warrants

 

Admission of the 33,080,000,000 Placing Shares is due to occur at 8.00 a.m.
today ("First Admission"). Immediately following First Admission, the Company
will issue 16,540,000,000 Warrants to subscribe for new Ordinary Shares in the
Company at a price of 0.0075p per Ordinary Shares exercisable for a period of
24 months from the date of the Placing, resulting in each participant of the
Placing being issued with 1 Warrant for every two Placing Shares subscribed
for.

 

Admission of the Subscription Shares and the Broker Option Shares

 

Application has been made to the London Stock Exchange for the 10,920,000,000
Subscription Shares and the 4,500,000,000 Broker Option Shares to be admitted
to trading on AIM ("Second Admission"). Second Admission is expected to occur
at 8.00 a.m. on or around 1 April 2025. The Broker Option Shares will rank
pari passu with the Company's existing Ordinary Shares.

 

Total voting rights

 

Following First Admission, the Company's enlarged issued share capital will be
52,050,695,255 Ordinary Shares. The Company holds no Ordinary Shares in
Treasury. This figure of 52,050,695,255 Ordinary Shares may be used by
shareholders in the Company as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change in their interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.

 

A further announcement will be made in relation to total voting rights in the
Company's share capital following the admission of the Subscription Shares and
the Broker Option Shares.

 

Capitalised terms used in this announcement shall have the same meaning as in
the announcement of 4 March 2025 unless otherwise defined herein.

 

For further information, please contact:

 Caledonian Holdings plc                      Tel: +44 (0) 7950 389469

 Brent Fitzpatrick, Non-Executive Chairman

 Jim McColl, Executive Director
 Allenby Capital Limited (Nominated Adviser)  Tel: +44 (0) 20 3328 5656
 Nick Athanas / Piers Shimwell
 Peterhouse Capital Limited (Broker)          Tel: +44 (0) 20 7469 0930

 

 

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