RCS - HeiQ Limited - Fundraise and Notice of GM

ComputershareAnnouncement

09/12/2024 14:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241209:nRSI3519Pa&default-theme=true

RNS Number : 3519P  HeiQ Limited  09 December 2024

HeiQ Limited (the "Company)

 

Fundraise by underwritten open offer to raise up to £8,426,000 and Notice of
General Meeting

Proposed Share Consolidation and Open Offer

HeiQ Limited (formerly HeiQ plc) announces today that it has distributed a
circular to shareholders via its registrar, Computershare Investor Services
plc, regarding a proposed share consolidation and open offer. The details of
the proposals are as follows:

Share Consolidation

The Company is proposing to consolidate its current issued share capital on a
1-for-20 basis. Following the consolidation, every 20 existing ordinary shares
will be consolidated into one new ordinary share. The proposed consolidation
is expected to reset the share price to GBP 1.00 per share.

Open Offer

The Company is launching an open offer to raise approximately GBP 8.4 million,
providing eligible shareholders with the opportunity to subscribe for new
ordinary shares on a 1-for-1 basis at a subscription price of GBP 1.00 per
share.

The open offer is underwritten up to GBP 8 million through irrevocable
undertakings from a core group of investors, including:

·      Darren Morcombe, founder of Springtide Capital, a private
investment company in micro-cap listed companies, venture capital and
resource-oriented companies. He was founder, chairman & major shareholder
of world's largest gold refinery company and is a major shareholder of several
private and public companies.

·      Pierre Lassonde, co-founder of Franco-Nevada Corporation, the
first publicly traded gold royalty company.

·      Thomas R. F. Dunn, Chairman of Orbian, a company specializing in
supply chain finance solutions.

·      Valentin Doronichev co-founder of Invitro, the largest medical
laboratory company in Eastern Europe;

·      Carlo Centonze, CEO and co-founder of HeiQ.

The open offer will close on 19 December 2024, and all eligible shareholders
are invited to participate.

 

 

General Meeting

The Company has convened a General Meeting to seek shareholder approval for
the proposed share consolidation and issuance of shares under the open offer.
Details of the meeting are as follows:

·      Date: 23 December 2024

·      Time: 11:00 CET / 10.00 GMT

·      Location: HeiQ Swiss headquarters, Ruetistrasse 12, 8952
Schlieren (Zurich), Switzerland

Participation Guidance

·      Shareholders holding their HeiQ shares in CREST are advised to
contact their broker to take up their entitlements.

·     Certificated shareholders will receive communications either
electronically or as a hard copy pack, based on their preference registered
with the Company's registrar.

·      Shareholders that do not receive information by the above
channels are asked to contact the corporate secretary before the 16(th)
December.

Documentation and Enquiries

The open offer circular and related documentation can be accessed on the
Company's website under Investor Relations | Results, reports and
presentations
(https://www.heiq.com/investor-relations/results-reports-and-presentations/) .
Shareholders with specific questions regarding the open offer or how to
participate are encouraged to contact Ross Ainger at ross.ainger@heiq.com

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAUPGPGPUPCGGB