REG - KRM22 PLC - Result of Placing

KRM22Announcement

Wed 07:00

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RNS Number : 3808D  KRM22 PLC  15 October 2025

THIS ANNOUNCEMENT (INCLUDING THE APPENDICES) 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HEREIN ARE RESTRICTED AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION,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, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR IN OR
INTO ANY OTHER JURISDICTION WHERE TO DO SO WOULD BREACH ANY APPLICABLE LAW OR
REGULATION.

THIS ANNOUNCEMENT (INCLUDING THE APPENDICES) IS FOR INFORMATION PURPOSES ONLY
AND DOES NOT ITSELF CONSTITUTE AN OFFER FOR SALE OR SUBSCRIPTION OF ANY
SECURITIES IN THE COMPANY. THIS ANNOUNCEMENT (INCLUDING THE APPENDICES) 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 KRM22 PLC IN ANY JURISDICTION WHERE TO DO SO WOULD BREACH ANY
APPLICABLE LAW OR REGULATION.

UNLESS OTHERWISE INDICATED, CAPITALISED TERMS IN THIS ANNOUNCEMENT HAVE THE
MEANINGS GIVEN TO THEM IN THE DEFINITIONS SECTION INCLUDED IN APPENDIX I.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF THE
MARKET ABUSE REGULATION NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED ("MAR"). UPON
THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.

KRM22 PLC

("KRM22", the "Company" or the "Group")

Result of Placing

KRM22 plc (AIM: KRM.L), the technology and software investment company, with a
particular focus on risk management in capital markets, is pleased to announce
it has successfully concluded the bookbuild announced on 14 October 2025 (the
"Launch Announcement") and the Placing has now closed.

The Fundraising has successfully raised gross proceeds of approximately £9.2
million pursuant to a placing of 14,968,545 Placing Shares and a subscription
for 8,143,955 Subscription Shares, both at the Issue Price of 40 pence per
Ordinary Share.

The Issue Price represents a discount of approximately 3.61% to the closing
middle market price of an Ordinary Share on the day immediately preceding the
Launch Announcement.

Notice of General Meeting and Shareholder Circular

 

As referred to in the Launch Announcement, the Company is seeking the approval
of Shareholders for the allotment of the Fundraising Shares. The Company
announces that it will therefore shortly despatch a circular to Shareholders
of the Company to convene a General Meeting of the Company to be held at 10:30
am on 5 November 2025 at the offices of Cavendish, One Bartholomew Close,
London, EC1A 7BL. The Circular and associated Notice of General Meeting will
be available on the Company's website https://krm22.com/investors/ from 16
October 2025.

 

Admission and Total Voting Rights

 

Subject to all resolutions being passed at the General Meeting, application
will be made to the London Stock Exchange for admission of the Fundraising
Shares to trading on AIM. It is expected that Admission will become effective
and dealings in the Fundraising Shares will commence on AIM at 8.00 a.m. on or
around 6 November 2025 (or such later date as may be agreed between the
Company and Cavendish, but no later than 20 November 2025).

 

The Fundraising Shares will be issued fully paid and will rank pari passu in
all respects with the Existing Ordinary Shares.

 

Following Admission of the Fundraising Shares, the total number of Ordinary
Shares in the capital of the Company in issue will be 59,269,490 with voting
rights. This figure may be used by shareholders as the denominator for the
calculations by which they will determine if or they are required to notify
their interest in, or a change to their interest in, the Company's share
capital pursuant to (i) the Company's Articles, (ii) the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules and/or (iii) the AIM
Rules for Companies issued by the London Stock Exchange plc as amended from
time to time.

 

Participation by Substantial Shareholders

Existing substantial Shareholders, Kestrel Investment Partners and Canaccord
Genuity have each agreed to subscribe for 4,050,000 and 3,475,000 Placing
Shares, respectively, in the Placing. As both shareholders held more than 10%
of the Company's voting rights prior to the Fundraising, their participation
in the Placing is deemed a related party transaction pursuant to Rule 13 of
the AIM Rules.

The Directors, having consulted with Cavendish, acting in its capacity as the
Group's Nominated Adviser, consider the participation by Kestrel Investment
Partners and Canaccord Genuity in the Placing to be fair and reasonable
insofar as the Shareholders are concerned.

Capitalised terms used in this announcement have the meanings given to them in
the Launch Announcement, unless context provides otherwise.

 

For further information please contact:

 

KRM22
Plc
investorrelations@krm22.com

Dan Carter, CEO

Kim Suter, CFO

Cavendish Capital Markets Limited (Nominated Adviser and Broker) +44 (0)20
7220 0500

Stephen Keys / Isaac Hooper

Sunila de Silva (ECM)

About KRM22 plc

KRM22 is a closed-ended investment company which listed on AIM on 30 April
2018.  The Company has been established with the objective of creating value
for its investors through the investment in, and subsequent growth and
development of, target companies in the technology and software sector, with a
focus on risk management in capital markets.

Through its investments and the Global Risk Platform, KRM22 helps capital
market companies reduce the cost and complexity of risk management.  The
Global Risk Platform provides applications to help address firms' trading and
corporate risk challenges and to manage their entire enterprise risk profile.

Capital markets companies' partner with KRM22 to optimise risk management
systems and processes, improving profitability and expanding opportunities to
increase portfolio returns by leveraging risk as alpha.

KRM22 plc is listed on AIM and the Group is headquartered in London, with
offices in several of the world's major financial centres.

See more about KRM22 at www.krm22.com (http://www.krm22.com/)

 

Market Abuse Regulation

 

Market soundings, as defined in MAR, were taken in respect of the Placing,
with the result that certain persons became aware of inside information, as
permitted by MAR. That inside information is set out in this Announcement and
has been disclosed as soon as possible in accordance with paragraph 7 of
article 17 of MAR. Therefore, those persons that received inside information
in a market sounding are no longer in possession of inside information
relating to the Company and its securities.

 

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