REG - Plexus Holdings Plc - Results of Retail Offer

Plexus HoldingsAnnouncement

21/03/2025 17:30

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RNS Number : 7474B  Plexus Holdings Plc  21 March 2025

Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil equipment &
services

 

21 March 2025

 

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
EU REGULATION 596/2014 (AS AMENDED) (WHICH FORMS PART OF DOMESTIC UK LAW
PURSUANT TO 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.

 

Plexus Holdings PLC

('Plexus' or 'the Company')

 

Results of Retail Offer

 

Further to the announcement by the Company in respect of the Retail Offer
dated 19 March 2025 (the "Retail Offer Announcement"), Plexus Holdings PLC
(AIM: POS), is pleased to announce that, following the closing of the Retail
Offer on the BookBuild platform on 21 March 2025, the Company has
conditionally raised total gross proceeds of £0.5 million (the "Retail
Offer") by way of a successful subscription for a total of 7,692,307
Retail Offer Shares at the Issue Price of 6.5 pence per share in
connection with the Retail Offer, which was significantly oversubscribed.

 

Allocations were made to existing Shareholders, applying the principles of
soft pre-emption.  Given the significant demand, existing Shareholders
received c.74% of their soft pre-emptive allowance (1).

 

Admission and Total Voting Rights

 

An application will be made to the London Stock Exchange for the New Ordinary
Shares to be admitted to trading on AIM, subject to the passing of the
Resolutions at the General Meeting. Admission is expected to become effective
in respect of, and dealings on AIM are expected to commence in, all of the New
Ordinary Shares, at 8:00 a.m. on 8 March 2025.

 

Further to the Company's announcement released at 7.00 a.m. on 19 March 2025
and assuming that the Subscription and Conversion proceeds, following
Admission of the New Ordinary Shares, the Company will have 172,691,366
Ordinary Shares in issue with the Company holding no Ordinary Shares in
treasury. Therefore, the total number of voting rights will
be 172,691,366. 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.

 

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

 

ENDS

 

For further information please visit www.plexusplc.com
(http://www.plexusplc.com) or contact:

 

 Plexus Holdings PLC                Tel: 01224 774222

 Craig Hendrie, CEO

 Mike Park, CFO

 Cavendish Capital Markets Limited  Tel: 0131 220 6939

 Derrick Lee

 Adam Rae

 St Brides Partners Ltd             plexus@stbridespartners.co.uk

 Isabel de Salis

 Paul Dulieu

 Will Turner

 

(1) - Soft Pre-emptive allowance Calculation: Existing shares X c. 62%
(Dilution from total new shares being issued) = Soft Pre-emptive allowance
allocation shares

 

NOTES

Plexus Holdings plc (AIM: POS) is an IP-led company specialising in developing
and providing wellhead systems and associated products and services for
offshore operations.

 

Headquartered in Aberdeen, the company focuses on providing wellheads for
Jack-up rig operations such as exploration and appraisal drilling, Plug &
Abandonment work and emerging markets for Carbon Capture & Storage,
hydrogen production and storage and geothermal. Plexus has a collaboration
agreement with SLB to supply Exact adjustable wellhead systems for Jack-up
applications and supports these operations with a range of proprietary
equipment and tools, and project engineering services.

 

Plexus is known for its highly innovative POS-GRIP® wellhead technology and
HG® metal-to-metal sealing systems, for which licences have been sold to
major industry players such as SLB and TechnipFMC for limited applications.
Plexus continues to develop products based on POS-GRIP technology for
challenging surface production wellhead platforms, special projects and
connector and subsea applications such as the Python® subsea wellhead system.

 

Plexus has always been at the forefront of innovation to reduce risk and
improve performance in the energy industry, such as developing through-BOP
wellhead systems which help to prevent blow-outs, and POS-GRIP "HG" Seals
which are leak-free throughout field life and so reduce methane emissions and
minimise maintenance costs. These innovations support the oil and gas
industry's ESG and NetZero, and in recognition of this, Plexus was Awarded the
London Stock Exchange's Green Economy Mark in 2021.

 

For more information visit: https://www.plexusplc.com/
(https://www.plexusplc.com/)

 

 

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