Business
Changes to timetable for proposed Equity Fundraise
BSF Enterprise PLC has updated the timetable for its proposed Equity Fundraise and Capital Reorganisation, with the record date for the Capital Reorganisation now expected around 26 February 2026 and CREST accounts to be credited with new ordinary shares on or around 27 February 2026. The company aims to obtain FCA approval for its prospectus before 28 February 2026, with the Equity Fundraise conditional on this approval and expiring on 26 May 2026. The Directors' unanimous recommendation for shareholders to vote in favour of the resolutions remains unchanged. Disclaimer*
About this update from Bsf Enterprise Plc
[{"type":"text","content":"\n\n15 December 2025\n \nBSF Enterprise PLC\n(\"BSF\" or the \"Company\")\n \nChanges to timetable for proposed Equity Fundraise and Capital Reorganisation\n \nFurther to the Company's announcements and despatch of the Notice of General Meeting on 28 November 2025, the Company provides an update on the proposed Equity Fundraise and Capital Reorganisation. Capitalised terms in this announcement have the same meaning as in the Notice of General Meeting, unless the context indicates otherwise.\n \nEquity Fundraise\nAs previously announced, the Equity Fundraise is conditional on, inter alia, the FCA's approval of the Prospectus to be issued by the Company within 180 days from the date of CLN, expiring on 26 May 2026. The Company is seeking to obtain the approval of the Prospectus before 28 February 2026.\n \nUpdate on Capital Reorganisation\nIt is now expected that the record date for the Capital Reorganisation will take place on or around 26 February 2026, and the expected date for CREST to be credited with New Ordinary Shares held in uncertificated form (where applicable) is on or around 27 February 2026.\n \nFull details of the proposed Capital Reorganisation are set out in the Notice of General Meeting sent to the Shareholders on 28 November 2025. The Directors' unanimous recommendation for the Shareholders to vote in favour of the Resolutions is unchanged from that included in the Notice of General Meeting.\n \nAn announcement will be made following the General Meeting to confirm the status of the Resolutions. \n \nThe Company anticipates that the timetable for the proposed Equity Fundraise and Capital Reorganisation will be as follows:\n \nExpected Timetable of Principal Events\n\n\n\n\nPublication of Notice of General Meeting and Forms of Proxy\n\n\n28 November 2025\n\n\n\n\nLatest time and date for receipt of Forms of Proxy and CREST Proxy Instructions for the General Meeting\n\n\n10.00 a.m. on 15 December 2025\n\n\n\n\nTime and date of the General Meeting\n\n\n10.00 a.m. on 17 December 2025\n\n\n\n\nAnnouncement of results of the General Meeting\n\n\n17 December 2025\n\n\n\n\nRecord time and date for Capital Reorganisation\n\n\n6.00 p.m. on 26 February 2026\n\n\n\n\nLatest time and date for dealing in Existing Ordinary Shares\n\n\n6.00 p.m. on 26 February 2026\n\...