REG - Defence Holdings PLC - Closing of Broker Option and Final Allocation

Defence HoldingsAnnouncement

30/05/2025 08:45

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RNS Number : 7783K  Defence Holdings PLC   30 May 2025

The information contained within this announcement is deemed by the Company to
constitute inside information stipulated under the Market Abuse Regulation
(EU) No. 596/2014, as retained as part of the law of England and Wales. Upon
the publication of this announcement via the Regulatory Information Service,
this inside information is now considered to be in the public domain.

FOR IMMEDIATE RELEASE
30 May 2025
 
 

London, UK

 

Defence Holdings PLC

("Defence" or "Company")

Closing of Broker Option and final allocation of the Placing

Defence (LSE: ALRT), the UK's first publicly listed pure-play defence
technology platform, is pleased to announce that the broker option announced
on 29 May 2025 has raised an additional £450,000, before expenses, at a price
of 0.325p per share ("Placing Price"). This is in additional to the previously
announced conditional placing participation and subscriptions announced on 29
May 2025. The total fundraise at the Placing Price being £3.45m.

Fortified Securities ("Fortified") acted as sole broker and Shard Capital
Partners LLP is engaged as the placing agent ("Shard") to the Company for the
Fundraising and have entered into a placing agreement with the Company (the
"Placing Agreement").

 

Key Highlights:

· Total conditional placing raise (inclusive of broker option and director
participation) being £3.45m gross proceeds (the "Fundraise").

· Principal Use of Net Proceeds to fully enable Defence's development
strategy within the 4 core technology areas previously announced.

· The Fundraise is subject to Shareholders' approval at a general meeting to
be held no later than 30 June 2025 (the "General Meeting") as well as a
published supplemental prospectus (which is anticipated to be published on or
prior to the date of the General Meeting). Full details of the Fundraise and
the use of proceeds will be detailed in the circular to be published for the
General Meeting which is anticipated to be published on or around 6 June 2025.

Brian Stockbridge Co-Founder and Board Director said:

"We are pleased with the strong support received for this Placing and
Subscription, particularly the interest shown by new institutional investors.
The participation of the Board, with Directors subscribing £350,000, reflects
our confidence in Defence's long-term strategy and growth potential. The
proceeds from this fundraise will enable the development of our four core
technology areas.  This marks a significant step forward in delivering on our
strategic vision."

Timetable

 A definitive timetable of events is to be announced upon publication of the
circular for the General Meeting to, inter alia, provide the Resolutions to
complete the Fundraise. However, the Directors anticipate the General Meeting
to approve the Resolutions to be on or around 30 June 2025 with the
publication of a supplemental prospectus approved by the Financial Conduct
Authority (as the competent authority) to be on or around such date.

Closing of the Fundraise is conditional on both an approved supplemental
prospectus as well as the passing of the Resolutions. Pursuant to the terms of
the Placing Agreement, the Fundraise is conditional on closing occurring prior
to 31 July 2025.

Total Voting Rights

The Company's issued share capital consists of 804,984,029 shares with a
nominal value of £0.001 each, with voting rights ("Ordinary Shares").

The Company does not hold any Ordinary Shares in Treasury.

The above figure may be used by shareholders in the Company as the denominator
for the calculation by which they will determine if they are required to
notify their interest in, or a change to their interest in, the share capital
of the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

Enquiries:

 

 Defence Holdings plc  Brian Stockbridge                                                     +44 (0)20 3855 5551

                       press@defencetechnologies.com (mailto:press@defencetechnologies.com)

 Fortified Securities  Guy Wheatley                                                          +44 (0)7493 989014

 (Broker)              guy.wheatley@fortifiedsecurities.com
                       (mailto:guy.wheatley@fortifiedsecurities.com)

 

About Defence Holdings PLC (ALRT)

Headquartered in London, Defence Holdings PLC is a publicly listed company
trading under the stock ticker (ALRT) dedicated to delivering high-performance
defence and security solutions for the UK and European markets. Leveraging
deep capital-markets expertise and a network of technology partners, the
Company intends to develop and acquire advanced sensors, AI-driven analytics,
secure communications and autonomous platforms that enhance the operational
advantage of its customers across land, sea, air, space and cyber domains.

Website:  (http://www.defencetechnologies.com) www.defencetechnologies.com
(http://www.defencetechnologies.com)

 

 

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