Business
Subscriptions, Director Dealings & Issue of Equity
Subscriptions, Director Dealings & Issue of Equity.
About this update from Haydale Plc
[{"type":"text","content":"\n\nTHE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE EU MARKET ABUSE REGULATION (EU) NO 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 AS AMENDED (\"UK MAR\"). THE COMPANY IS SOLELY RESPONSIBLE FOR THE CONTENT OF THIS ANNOUNCEMENT. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \nHaydale Graphene Industries plc\n(\"Haydale\", the \"Company\" or the \"Group\")\n \nSubscriptions, Director Dealings, Issue of Equity and Total Voting Rights\n \nHaydale (AIM: HAYD), the advanced materials group, announces that conditional subscriptions for an aggregate 474,010,883 new ordinary shares of 0.01 pence each in the capital of the Company (\"Ordinary Shares\") have been made by a discrete number of long-term strategic investors including EIS recipients, the Company's existing key strategic investor Quidos Technologies Limited (\"Quidos\") (which is owned by the CEO, Simon Turek, and long-time strategic investor Nick Pritchard) and Gareth Kaminski-Cook, Non-Executive Chair, at an issue price of £0.0045 per new Ordinary Share (\"Issue Price\") (together the \"Subscriptions\"). The Company had interest in excess of the number of shares available.\nThe Issue Price represents a discount of 28.0 per cent. to the closing mid-market price on 25 June 2025, being the last practicable date prior to this announcement, and a premium of 21.0 per cent. to the Company's 30-day VWAP of £0.0037 and a premium of 239.6% per cent. to the price at which the Company completed its last placing in October 2024.\nThe Subscriptions, raising approximately £2.13 million in total, will be completed using the Company's existing authorities granted by shareholders at its last annual general meeting on 30 December 2024 and amount to 12.3 per cent. of Haydale's current issued share capital. The Subscriptions have been entered into on an expedited basis in light of the Company's commercial traction as outlined in the announcement of 12 June 2025 and to take advantage of the Company's existing HMRC tax clearance for the purposes of the EIS/VCT legislation which is due to expire on 30 June 2025. The Subscriptions are conditional on, i...