REG - Onward Opportunities - Additional Subscription and Total Voting Rights

Onward OpportunitiesAnnouncement

21/07/2025 07:00

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RNS Number : 8311R  Onward Opportunities Limited  21 July 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.

 

21 July 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 16 July 2025, in response to investor demand it has raised additional gross
proceeds of approximately £0.6 million by way of an additional direct
subscription (the "Additional Subscription") for 452,698 new ordinary shares
(the "Additional Subscription Shares") at a price of 126.64 pence per
Additional Subscription Share.

 

The Subscription and Additional Subscription, in aggregate, raised gross
proceeds of £2.0 million. The net proceeds of which, being approximately
£1.93 million, will provide the Company with additional resources with which
to pursue its stated investing policy.

 

Pursuant to the Additional Subscription, application has been made for the
Additional Subscription Shares to be admitted to trading on AIM ("Admission").
Admission is expected to occur at 8.00 a.m. on or around 23 July 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 27,251,521 ordinary shares in
issue. No ordinary shares are held in treasury. The figure of 27,251,521 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.

 

Concert Party

 

On Admission, the members of the Concert Party in the Company will
collectively hold an aggregate of 11,407,204 ordinary shares in the Company,
representing 41.9 per cent. of the Company's enlarged issued ordinary share
capital, of which the Portfolio Manager holds 10,011,089 ordinary shares,
representing 36.7 per cent. of the Company's enlarged issued ordinary share
capital, on behalf of its discretionary clients.

 

Capitalised terms not otherwise defined in the text of this announcement have
the same meanings ascribed to them as in the "Issue of Equity" announcement
published by the Company at 7.00 a.m. on 16 July 2025.

 

 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)20 7220 0500

 Ben Jeynes / Hamish Waller - Corporate Finance

 Chris West / Matt Lewis - Sales and Corporate Broking

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

 Nicholas Chambers / Daniel Ingram

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

 

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