REG - Ilika plc - Result of Oversubscribed Retail Offer

IlikaAnnouncement

28/05/2025 18:00

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RNS Number : 4925K  Ilika plc  28 May 2025

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, NEW
ZEALAND, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR JAPAN OR IN
OR INTO ANY OTHER JURISDICTION WHERE TO DO SO WOULD BREACH ANY APPLICABLE LAW
OR REGULATION.

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF
CONSTITUTE AN OFFER FOR SALE OR SUBSCRIPTION OF ANY SECURITIES IN THE COMPANY.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION,
RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE
ACQUIRE OR DISPOSE OF ANY SECURITIES OF THE COMPANY IN ANY JURISDICTION WHERE
TO DO SO WOULD BREACH ANY APPLICABLE LAW OR REGULATION.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (596/2014/EU) AS IT FORMS PART OF UK DOMESTIC LAW
BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED) ("MAR").

28 May 2025

Ilika plc

 

("Ilika", the "Group", or the "Company")

 

Result of Oversubscribed Retail Offer

Further to the announcement by the Company in respect of the Retail Offer
dated 22 May 2025 (the "Retail Offer Announcement"), Ilika plc (AIM: IKA), is
pleased to announce that, following the closing of the Retail Offer on the
BookBuild platform on 28 May 2025, the Retail Offer was significantly
oversubscribed. Accordingly, the Company has elected to increase scale of the
Retail Offer to raise total gross proceeds of £0.9 million (the "Retail
Offer") through the issue of 2,727,273 Retail Offer Shares at the Issue Price
of 33 pence per share.

Consequently, it is anticipated that 9,884,017 Placing Shares, 81,819 Director
Subscription Shares and 2,727,273 Retail Offer Shares (together, the "New
Ordinary Shares") resulting in a total of 12,693,109 New Ordinary Shares being
issued in relation to the Fundraising. The total gross monies raised (before
expenses) is approximately £4.2 million. The proceeds will be used as
outlined in the retail offer announcement dated 22 May 2025 with the excess
being proportionately assigned to further advance the commercial status of
both of the Company's product lines.

Allocations were made to existing Shareholders, applying the principles of
soft pre-emption.  Given the significant demand, existing Shareholders
received 100 per cent. of their soft pre-emptive allowance, when their order
matched or exceeded their soft pre-emptive allowance. Where the order was
greater than the soft pre-emptive allowance shareholders received c. 89.97 per
cent of their additional demand(1).

Other than where defined, capitalised terms used in this announcement have the
meanings given to them in the Retail Offer Announcement.

Total Voting Rights

Following Admission of the New Ordinary Shares, the Company will have
180,802,175 Ordinary Shares in issue with the Company holding no Ordinary
Shares in treasury. Therefore, the total number of voting rights will also be
180,802,175. This figure may be used by shareholders as the denominator for
the calculations 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.

For further information, please contact:

 For more information contact:
 Ilika plc                                                               www.Ilika.com (http://www.ilika.com/)
 Graeme Purdy, Chief Executive Officer                                   Via FTI Consulting
 Jason Stewart, Chief Financial Officer

 Cavendish Capital Markets Limited (Nominated Adviser & Broker)
 Peter Lynch                                                             +44 (0)131 220 9772
 Neil McDonald                                                           +44 (0)131 220 9771

 Pearl Kellie                                                            +44 (0)131 220 9775

 FTI Consulting (Comms Advisors)     Ilika@fticonsulting.com
 Ben Brewerton
 Elizabeth Adams
 Dwight Burden

 

(1) Soft Pre-emptive allowance Calculation: Existing shares X 100% (Dilution
from total new shares being issued) = Soft Pre-emptive allowance allocation
shares

Additional Demand: (Total Order shares - Soft Pre-emptive allowance allocation
shares) x c.89.97% = Additional demand allocation shares

Further information on the Company can be found on its website at:
www.Ilika.com

This announcement should be read in its entirety. In particular, the
information in the "Important Notices" section of the announcement should be
read and understood.

IMPORTANT NOTICE

The content of this announcement has been prepared by, and is the sole
responsibility of, the Company.

This announcement, and the information contained herein is not for release,
publication or distribution, directly or indirectly, in whole or in part, in
or into or from the United States of America, Canada, Australia, New Zealand,
Singapore, the Republic of South Africa, the Republic of Ireland or Japan or
into any other jurisdiction where to do so might constitute a violation of the
relevant laws or regulations of such jurisdiction (the "Restricted
Jurisdictions").

This announcement is not for publication or distribution, directly or
indirectly, in or into the United States of America. This announcement is not
an offer of securities for sale into the United States. The Retail Offer
Shares referred to herein have not been and will not be registered under the
Securities Act and may not be offered or sold in the United States, expect
pursuant to an applicable exemption from registration. No public offering of
Retail Shares is being made in the United States.

This announcement does not constitute or form part of an offer to sell or
issue or a solicitation of an offer to buy, subscribe for or otherwise acquire
any securities in any jurisdiction including, without limitation, the
Restricted Jurisdictions or any other jurisdiction in which such offer or
solicitation would be unlawful. This announcement and the information
contained in it is not for publication or distribution, directly or
indirectly, to persons in a Restricted Jurisdiction, unless permitted pursuant
to an exemption under the relevant local law or regulation in any such
jurisdiction.

The distribution of this announcement may be restricted by law in certain
jurisdictions and persons into whose possession any document or other
information referred to herein comes should inform themselves about and
observe any such restriction. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such jurisdiction.

This announcement has not been approved by the London Stock Exchange or any
other securities exchange.

No prospectus or offering document will be made available in connection with
the matters contained in this Announcement and no such prospectus is required
(in accordance with Regulation (EU) 2017/1129 as it forms part of UK law by
virtue of the European Union (Withdrawal) Act 2018) to be published.

Certain statements in this announcement are forward-looking statements which
are based on the Company's expectations, intentions and projections regarding
its future performance, anticipated events or trends and other matters that
are not historical facts. These forward-looking statements, which may use
words such as "aim", "anticipate", "believe", "could", "intend", "estimate",
"expect" and words of similar meaning, include all matters that are not
historical facts. These forward-looking statements involve risks, assumptions
and uncertainties that could cause the actual results of operations, financial
condition, liquidity and dividend policy and the development of the industries
in which the Group's businesses operate to differ materially from the
impression created by the forward-looking statements. These statements are not
guarantees of future performance and are subject to known and unknown risks,
uncertainties and other factors that could cause actual results to differ
materially from those expressed or implied by such forward-looking statements.
Given those risks and uncertainties, prospective investors are cautioned not
to place undue reliance on forward-looking statements. Forward-looking
statements speak only as of the date of such statements and, except as
required by the FCA, the London Stock Exchange or applicable law, the Company
undertakes no obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events or
otherwise.

Any indication in this announcement of the price at which the Ordinary Shares
have been bought or sold in the past cannot be relied upon as a guide to
future performance. Persons needing advice should consult an independent
financial adviser. No statement in this announcement is intended to be a
profit forecast and no statement in this announcement should be interpreted to
mean that earnings per share of the Company for the current or future
financial years would necessarily match or exceed the historical published
earnings per share of the Group.

The information contained within this Announcement is deemed by the Company to
constitute inside information as stipulated under MAR. Upon the publication of
this Announcement via a Regulatory Information Service, this inside
information is now considered to be in the public domain.

Cavendish Capital Markets Limited, which is authorised and regulated in the
United Kingdom by the FCA, is acting for the Company and for no one else in
connection with the transaction or arrangements described in this announcement
and will not be responsible to anyone other than the Company for providing the
protections afforded to clients of Cavendish Capital Markets Limited or for
providing advice in relation to the transaction or arrangements described in
this announcement, or any other matters referred to in this announcement.

No representation or warranty, express or implied, is or will be made as to,
or in relation to, and no responsibility or liability is or will be accepted
by or on behalf of the Company, Cavendish Capital Markets Limited, or by their
affiliates or their respective agents, directors, officers and employees as
to, or in relation to, the accuracy or completeness of this announcement or
any other written or oral information made available to or publicly available
to any interested party or its advisers, and any liability therefore is
expressly disclaimed.

The Retail Offer Shares to be issued pursuant to the Retail Offer will not be
admitted to trading on any stock exchange other than to trading on AIM, being
the market of that name operated by the London Stock Exchange.

Neither the content of the Company's website (or any other website) nor the
content of any website accessible from hyperlinks on the Company's website (or
any other website) is incorporated into, or forms part of, this announcement.

 

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