Business
Result of WRAP Retail Offer
MedPal AI Plc has successfully concluded its WRAP Retail Offer, raising approximately £105,160, and has secured an additional £300,000 through a subscription agreement, both at a price of 2.5 pence per new ordinary share. Combined with the previously announced £527,000 from a placing, the company has raised a total of £932,160. A total of 16,206,396 new ordinary shares will be issued, and admission to trading on AIM is expected around March 26, 2026, at which point the company's total issued ordinary share capital will be 492,441,036 shares. Disclaimer*
About this update from Medpal Ai Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, NEW ZEALAND, 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.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 WHICH FORMS PART OF THE LAWS OF ENGLAND AND WALES PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"UK MAR\"). UPON PUBLICATION OF THIS ANNOUNCEMENT THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE WITHIN THE PUBLIC DOMAIN.\n \n25 March 2026\n \nMedPal AI Plc\n(\"MedPal AI\" or the \"Company\")\n \nResult of WRAP Retail Offer\n \nFurther to its announcement of 20 March 2026, MedPal AI plc (AIM: MPAL, FRA:Z1N), the UK digital health and AI company, is pleased to confirm the result of its WRAP Retail Offer (\"WRAP\"). The WRAP Retail Offer has raised gross proceeds of approximately £105,160. In addition the Company has entered into a subscription agreement to raise a further £300,000 at 2.5p per share (the \"Subscription\"). With the proceeds of the Placing of £527,000 announced on 20 March 2026, in aggregate the Company has therefore raised gross proceeds of approximately £932,160 at a price of 2.5 pence per new ordinary share. The Company will issue 16,206,396 new Ordinary Shares (\"Fundraise Shares\") in respect of the WRAP and the Subscription.\n \nAdmission and Total Voting Rights\nApplication has been made for the Fundraise Shares to be admitted to trading on AIM along with the Placing Shares (\"Admission\"). Admission is expected to become effective and dealings in the shares are expected to commence on or around 26 March 2026.\n \nUpon Admission, the Company's issued ordinary share capital will consist of 492,441,036 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, from Admission the total number of Ordinary Shares and voting rights in the Company will be 492,441,036. With effect from Admission, this figure may be used by Shareholders in the Company as the denominator ...