Business
Retail Offer
GENinCode Plc is launching a WRAP Retail Offer to raise up to £500,000 through the issuance of up to 50,000,000 new ordinary shares at 1 pence per share. This retail offer is in addition to a proposed placing and subscription aiming to raise a minimum of £3.5 million at the same 1 pence issue price, which represents a discount of approximately 47.4% to the previous day's closing price. The proceeds from both the retail offer and the placing/subscription will be used for the same purposes, and completion of the retail offer is conditional on the completion of the placing. Shareholder approval is required at a general meeting expected on February 9, 2026, with admission to AIM anticipated on February 11, 2026. Disclaimer*
About this update from Genincode Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, THE REPUBLIC OF 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.\n \nTHIS ANNOUNCEMENT AMOUNTS TO A FINANCIAL PROMOTION FOR THE PURPOSES OF SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (\"FSMA\") AND HAS BEEN APPROVED BY WINTERFLOOD SECURITIES LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY (FRN 141455).\n \n21 January 2026\n \nGENinCode Plc\n(\"GENinCode\" or the \"Company\")\n \nWRAP Retail Offer for up to £500,000\n \nGENinCode Plc (AIM: GENI), the genetics company focused on the prevention of cardiovascular disease (\"CVD\") and the early detection of ovarian cancer, is pleased to announce a retail offer via the Winterflood Retail Access Platform (\"WRAP\") to raise up to £500,000 (the \"WRAP Retail Offer\") through the issue of new ordinary shares of 1 pence each in the capital of the Company (\"Ordinary Shares\"). Under the WRAP Retail Offer up to 50,000,000 new Ordinary Shares (the \"WRAP Retail Offer Shares\") will be made available at a price of 1 pence per share.\n \nIn addition to the WRAP Retail Offer and as announced 21 January 2026, the Company is also proposing a placing and subscription of new Ordinary Shares (the \"Placing Shares\" and \"Subscription Shares\" and together with the WRAP Retail Offer Shares, the \"New Ordinary Shares\") to raise a minimum of £3.5 million (before expenses) through a bookbuild process (the \"Placing\") and subscription (the \"Subscription\") at a price of 1 pence per New Ordinary Share (the \"Issue Price\"). The Issue Price represents a discount of approximately 47.4 per cent. to the mid-market closing price of an Ordinary Share on 20 January 2026 (being the latest practicable date prior to this announcement). The issue price of the WRAP Retail Offer Shares is equal to the Issue Price.\n \nA separate announcement has been made regarding the Placing and its terms and sets out the reasons for the Placing and use of proceeds.&...