Business
Result of Placing and Notice of General Meeting
Flowtech Fluidpower PLC has conditionally raised £9 million in gross proceeds through a placing of 16,981,132 new ordinary shares at 53.0 pence per share, representing an 11.5% discount to the previous day's closing price. The placing saw participation from both existing and new institutional investors, as well as £233,148 from certain directors. Additionally, a retail offer aims to raise up to £1 million. The new shares will represent approximately 21.2% of the enlarged share capital upon admission, expected on February 9, 2026. A circular detailing the placing, a retail offer, an acquisition, and a capital reorganisation will be posted to shareholders on January 21, 2026, with a general meeting scheduled for February 6, 2026. Disclaimer*
About this update from Flowtech Fluidpower Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A BREACH OF THE RELEVANT SECURITIES LAWS OF SUCH JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES AND DOES NOT CONSTITUTE A PROSPECTUS OR OFFERING MEMORANDUM OR AN OFFER IN RESPECT OF ANY SECURITIES AND NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION, FORMS OR IS INTENDED TO FORM THE BASIS FOR ANY INVESTMENT DECISION IN RESPECT OF FLOWTECH FLUIDPOWER PLC OR OTHER EVALUATION OF ANY SECURITIES OF FLOWTECH FLUIDPOWER PLC OR ANY OTHER ENTITY AND SHOULD NOT BE CONSIDERED AS A RECOMMENDATION THAT ANY INVESTOR SHOULD SUBSCRIBE FOR OR PURCHASE ANY SUCH SECURITIES.\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE UK VERSION OF THE MARKET ABUSE REGULATION (EU NO. 596/2014) AS IT FORMS PART OF UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"UK MAR\"). \nFor immediate release\n20 January 2026\nFlowtech Fluidpower PLC\nResult of Placing, Posting of Circular\nand\nNotice of General Meeting\n \nFlowtech Fluidpower PLC (\"Flowtech\" or the \"Company\") (AIM: FLO) is pleased to announce that, further to the announcement made earlier today regarding the Fundraising (the \"Launch Announcement\"), it has conditionally raised gross proceeds of £9 million by way of a placing of 16,981,132 new ordinary shares of 50 pence each (and following the Capital Reorganisation, 5 pence each) (the \"Ordinary Shares\") in the capital of the Company (the \"Placing Shares\") at a price of 53.0 pence per Placing Share (the \"Issue Price\").\nThe Placing was strongly supported by both existing and a number of new institutional investors. Allocations in the Placing will be confirmed to Placees as soon as practicable today.\nPanmure Liberum Limited and Singer Capital Markets Limited (together, the \"Joint Bookrunners\") are acting as joint bookrunners in connection with the Placing and Panmure Liberum Limite...