REG - Onward Opportunities - Additional Subscription and Total Voting Rights

Onward OpportunitiesAnnouncement

06/12/2024 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241206:nRSF0457Pa&default-theme=true

RNS Number : 0457P  Onward Opportunities Limited  06 December 2024

6 December 2024

 

Onward Opportunities Limited

("Onward Opportunities" or the "Company")

 

Additional Subscription and Total Voting Rights

 

Onward Opportunities Limited, the UK smaller company focussed investment
company, is pleased to announce that, further to the announcement of 7.00 a.m.
on 4 December 2024, in response to investor demand it has raised additional
gross proceeds of an aggregate of approximately £0.27 million by way of an
additional direct subscription with the Company for an aggregate of 228,768
new ordinary shares (the "Additional Subscription Shares") at a price of
119.75 pence per Additional Subscription Share.

 

Pursuant to the Additional Subscription, application has been made for all
Subscription Shares to be admitted to trading on AIM ("Admission"). Admission
is expected to occur at 8.00 a.m. on or around 9 December 2024 and the
Subscription Shares will, on issue, rank pari passu in all respects with the
Company's existing ordinary shares.

 

Total Voting Rights

 

On Admission, the Company will have a total of 23,979,754 ordinary shares in
issue. No ordinary shares are held in treasury. The figure of 23,979,754 may
be used by the Company's shareholders as the denominator in the calculations
by which they will determine if they are required to notify their interest in,
or a change to their interest in, the Company under the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.

 

Capitalised terms used but not otherwise defined in this announcement shall
have the meanings set out in the Company's announcement of the Subscription at
7.00 a.m. on 4 December 2024.

 

FOR FURTHER ENQUIRIES:

 

 Onward Opportunities Limited                                                    Tel: +44 (0)20 3416 9143

 Andrew Henton, Chairman                                                         hello@dowgate.co.uk

 Dowgate Wealth Limited (Portfolio Manager)                                      Tel: +44 (0)20 3416 9143

 Laurence Hulse, Investment Director                                             hello@dowgate.co.uk

 Cavendish Capital Markets Limited (Nominated Adviser and Joint Broker)          Tel: +44 (0) 207 220 0500

 Ben Jeynes / Camilla Hume / Dan Hodkinson / Hamish Waller (Corporate Finance)

 Chris West / Charlie Combe (Sales and ECM)

 Dowgate Capital Limited (Joint Broker)                                          Tel: +44 (0)20 3903 7715

 Russell Cook / Nicholas Chambers

To find out more, please visit: www.onwardopportunities.co.uk
(http://www.onwardopportunities.co.uk)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  IOEUPGMAPUPCUWQ