Business
Result of oversubscribed Placing and Subscription
EnSilica plc has successfully raised approximately £9.7 million in gross proceeds through a significantly oversubscribed placing and subscription at an issue price of 47 pence per share. The funds will be used to accelerate new product development and expand its contract pipeline. The fundraising is structured in two tranches, with the first tranche of approximately £4.54 million expected to be admitted to AIM around March 17, 2026, and the second tranche of approximately £5.16 million conditional on shareholder approval at a general meeting on April 7, 2026. A retail offer is also anticipated. Following the first tranche admission, the total number of ordinary shares will be 106,260,699. Disclaimer*
About this update from Ensilica Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN (TOGETHER THIS \"ANNOUNCEMENT\"), IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) 596 / 2014 WHICH FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"UK MAR\"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN UK MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION, AS PERMITTED BY UK MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.\n \n13 March 2026\n \nEnSilica plc\n(\"EnSilica\", the \"Company\" or the \"Group\")\n \nResult of significantly oversubscribed Placing and Subscription\n \nOn 12 March 2026, EnSilica plc (AIM: ENSI), a leading fabless, application-specific chipmaker, announced a proposed equity fundraising by way of an accelerated bookbuild (the \"Fundraising Announcement\"). The Board of EnSilica is pleased to announce that the Bookbuild has concluded and that it has conditionally raised gross proceeds of approximately £9.7 million at the Issue Price of 47 pence per share through (i) the Placing of 20,632,297 Placing Shares to new and existing institutional investors and (ii) the Subscription for 6,000 Subscription Shares.\n \nThe net proceeds of the Fundraising will enable the Company to accelerate new products and projects and its growing contract pipeline, as set out in the Fundraising Announcement.\n \nDue to the limited existing share authorities available to issue new Ordinary Shares, the Placing will be conducted in two tranches, as follows:\n \n1. a placing of 9,660,063 Placing Shares (the \"First Tranche Placing Shares\") at the Issue Price, raising approximately £4.54 million, to be issued pursuant to the Company's existing authorities to issue and allot equity securities on a non-pre-...