Equipmake Holdings - Result of Retail Offer
14/02/2024 17:51
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RNS Number : 1873D Equipmake Holdings PLC 14 February 2024
This Announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the
European Union (Withdrawal) Act 2018) ("UK MAR")).
14 February 2024
Equipmake Holdings PLC
("Equipmake" or the "Company")
Result of Retail Offer
Further to the announcements dated 12 February 2024, Equipmake, the UK-based
engineering specialist pioneering the development and production of
electrification products across the automotive, aerospace, bus, and coach
industries, is pleased to announce that, following the closing of the Retail
Offer via the BookBuild Platform at 4.35 p.m. today, 1,836,696 new Ordinary
Shares will be issued at a price of 6 pence per Retail Offer Share in
connection with the Retail Offer, raising gross proceeds of £110,202.
Admission of Ordinary Shares
Application has been made for the Retail Offer Shares, Non-VCT Placing Shares
and Subscription Shares, in aggregate 22,170,029 Ordinary Shares, to be
admitted to trading on the Aquis Apex exchange ("Admission"). Admission is
expected to commence at 8:00 a.m. on or around 16 February 2024.
The New Ordinary Shares will be issued fully paid and will rank pari passu in
all respects with the Company's existing Ordinary Shares.
Upon Admission, the Company will have 1,020,074,569 Ordinary Shares in issue.
There are no shares held in treasury. The total voting rights in the Company
upon Admission is therefore 1,020,074,569 and shareholders may use this
figure as the denominator by which they are required to notify their interest
in, or change to their interest in, the Company under the Disclosure Guidance
and Transparency Rules.
Capitalised terms used in this announcement and not separately defined shall
have the same meanings as defined in the Company's announcement (Launch
Announcement) published at 13.:01 on 12 February 2024.
For further information, please contact:
Equipmake Via St Brides Partners
Ian Foley, Founder and CEO
Steven McGillivray, CFO
Panmure Gordon (Corporate Adviser and Joint Broker) Tel: +44 (0)20 7886 2500
James Sinclair-Ford / Freddie Twist / Joseph Tan
Hugh Rich / Sam Elder
VSA Capital Limited (Joint Broker) Tel +44 (0)20 3005 5000
Simon Barton / Simba Khatai / Alex Cabral
St Brides Partners (Financial PR Adviser) Tel: +44 (0)20 7236 1177
Susie Geliher / Paul Dulieu equipmake@stbridespartners.co.uk
About Equipmake
Equipmake is the UK-based engineering specialist pioneering the development
and production of electrification products which are used across the
automotive, aerospace and other sectors in support of the transition from
conventional fossil-fuelled to zero-emission powertrains.
Equipmake produces ultra-high performance electric motors and complete EV
drivetrains and ultra-fast power electronic systems. As well as developing
proprietary technology - such as an ultra-compact, lightweight high
performance spoke motor - it also offers bespoke R&D solutions.
Equipmake has developed a vertically integrated solution providing fully
bespoke solutions. The Company has built a significant pipeline of
opportunities, as demand for electric vehicles increases as part of the global
decarbonisation movement.
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