REG - Onward Opportunities - Additional Subscription and Total Voting Rights

Onward OpportunitiesAnnouncement

20/03/2025 07:15

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RNS Number : 3853B  Onward Opportunities Limited  20 March 2025

The information contained within this announcement is deemed by the Company to
constitute inside information pursuant to Article 7 of EU Regulation 596/2014
as it forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 as amended. Upon the publication of this announcement
via a Regulatory Information Service, this inside information is now
considered to be in the public domain.

 

20 March 2025

 

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 14 March 2025, in response to investor demand it has raised additional
gross proceeds of approximately £0.06 million by way of an additional direct
subscription (the "Additional Subscription") for 48,000 new ordinary shares
(the "Additional Subscription Shares") at a price of 124.9 pence per
Additional Subscription Share.

 

Pursuant to the Additional Subscription, application has been made for all
Additional Subscription Shares to be admitted to trading on AIM ("Admission").
Admission is expected to occur at 8.00 a.m. on or around 24 March 2025 and the
Additional 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 25,680,624 ordinary shares in
issue. No ordinary shares are held in treasury. The figure of 25,680,624 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.

 

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, Lead Fund Manager                                               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

 Nicholas Chambers / Russell Cook

 SEC Newgate (Financial Communications)                                          Tel: +44 (0) 203 757 6880

 Bob Huxford / Molly Gretton                                                     onward@secnewgate.co.uk

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

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