REG - HeiQ PLC - Result of Placing

HeiqAnnouncement

16/02/2024 07:00

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RNS Number : 3602D  HeiQ PLC  16 February 2024

16 February 2024

 

HeiQ Plc

("HeiQ" or "the Company")

Result of Placing

HeiQ (LSE:HEIQ), a leading company in materials innovation and hygiene
technologies, announces that, further to the announcement made on 15 February
2024 regarding the Fundraising (the "Launch Announcement"), it has raised the
maximum of £0.685 million (before expenses) via the placing of 7,866,709
Placing Shares at the Issue Price of 8.7 pence per share. The Placing was
undertaken through an accelerated bookbuild.

A further announcement will be made on 23 February 2023 announcing the result
of the Retail Offer.

A circular will shortly be posted to Shareholders who have opted to receive a
hard copy, together with a notice of the General Meeting, to be held at the
offices of Cavendish Financial Plc, One Bartholomew Close, London, UK at 2
p.m. on 13 March 2024 (the "Circular"). The Circular will contain further
details of the Fundraising, the Acquisition and the General Meeting. This
document will also be available to view on the Company's website and on the
Financial Conduct Authority's ("FCA") national storage mechanism.

Applications will be made for the New Ordinary Shares and the Conversion
Shares to be admitted to the standard segment of the Official List and
admitted to trading on the London Stock Exchange ("Admission"). Admission is
expected to become effective on or around 14 March 2024 and the New Ordinary
Shares and Conversion Shares will be issued fully paid and will rank pari
passu in all respects with the existing issued ordinary shares of the Company.

Capitalised terms in this announcement have the same meaning as those defined
in the Launch Announcement.

For further information, please contact:

 HeiQ Plc                                          +41 56 250 68 50

 Carlo Centonze (CEO)
 Cavendish Capital Markets Limited (Broker)        +44 (0) 207 397 8900

 Stephen Keys / Callum Davidson
 SEC Newgate (Media Enquiries)                     +44 (0) 20 3757 6882

 Elisabeth Cowell / Molly Gretton / Tom Carnegie   HeiQ@s (mailto:HeiQ@secnewgate.co.uk) ecnewgate (mailto:HeiQ@secnewgate.co.uk)
                                                   .co.uk (mailto:HeiQ@secnewgate.co.uk)

 

About HeiQ

HeiQ is a Swiss-based international company that innovates pioneering and
differentiating materials in partnership with established global brands. We
bridge the academic and commercial worlds to conceive performance-enhancing
materials and technologies, working with aligned brands to research,
manufacture and bring products to market, aiming for lab to consumer in
months. Our goal is to improve the lives of billions by innovating the
materials that go into everyday products, making them more hygienic,
comfortable, protective, and sustainable.

Our strong IP portfolio positions us as an innovation leader for niche,
premium and high-margin products in the textile chemicals, man-made fibers,
paints and coatings, antimicrobial plastics, probiotics and household cleaner
markets. We have also expanded into healthcare facilities, probiotic cleaning,
and hygiene coatings markets to help make hospitals and healthcare
environments more hygienic.

We have developed over 200 technologies in partnership with 300 major brands.
With a substantial research and development pipeline, including key technology
development projects HeiQ AeoniQ, HeiQ ECOS, HeiQ GrapheneX, and HeiQ Synbio,
HeiQ aims to deliver shareholder value through sales growth and entry into new
lucrative markets through disruptive innovation and M&A.

We have built a strong reputation for ESG & sustainable innovation, having
won multiple awards including the Swiss Technology Award twice and the Swiss
Environmental Award. Under experienced leadership, we are committed to driving
our profit in close connection with people and the planet. For more
information, please visit www.heiq.com.

 

 

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