Business
Retail Offer of up to £0.5 million
Earnz PLC has announced a retail offer to raise up to £0.5 million by issuing 10,000,000 ordinary shares at 5.0 pence per share, representing a discount to the previous closing price. The net proceeds will be used for additional working capital. The offer is conditional on shareholder approval at a General Meeting and admission of the new shares to AIM, expected around March 31, 2026. The retail offer is exclusively for UK investors who are existing shareholders and requires a minimum subscription of £100. Disclaimer*
About this update from Earnz Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, TO US PERSONS OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN, OR ANY MEMBER STATE OF THE EEA, OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\nTHE COMMUNICATION OF THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS OR MATERIALS RELATING TO THE RETAIL OFFER AS A FINANCIAL PROMOTION IS ONLY BEING MADE TO, AND MAY ONLY BE ACTED UPON BY, THOSE PERSONS IN THE UNITED KINGDOM FALLING WITHIN ARTICLE 43 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (WHICH INCLUDES AN EXISTING MEMBER OF EARNZ PLC). ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO SUCH PERSONS AND WILL BE ENGAGED IN ONLY BY SUCH PERSONS. THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF EARNZ PLC.\nFor immediate release\n12 March 2026\nEARNZ plc\n(\"EARNZ\", the \"Company\" or the \"Group\")\n\nRetail Offer of up to £0.5 million\n \nCapitalised terms used but not otherwise defined in this announcement shall have the meanings ascribed to such terms in the Placing Announcement (as defined below), unless the context requires otherwise.\n \nEARNZ plc (AIM: EARNZ), an energy services company whose objective is to capitalise on the drive for global decarbonisation, announces a retail offer via BookBuild of up to 10,000,000 Ordinary shares of 4 pence each in the capital of the Company at a price of 5.0 pence per Ordinary Share (the \"Placing Price\") to raise gross proceeds (before expenses) of up to £0.50 million.\nIn addition to the Retail Offer, the Company is also conducting a Placing of New Ordinary Shares at the Placing Price. A separate announcement has been made on 11 March 2026 at 4:41p.m. (the \"Placing Announcement\") regarding the Placing and its terms which also sets out the reasons for the Fundraising and the use of proceeds of the Fundraising. The Retail Offer is not part of the Placing and the Placing is not conditional upo...