Business
WRAP Retail Offer
MedPal AI Plc is launching a retail offer via WRAP to raise up to £200,000 through the issuance of up to 8,000,000 new Ordinary Shares at 2.5 pence per share, representing a discount to the previous day's closing price. This retail offer is in addition to a placing aiming to raise approximately £527,000 at the same issue price. The proceeds from both the retail offer and the placing will be used for the same purposes, and admission of the new shares to AIM is anticipated on March 26, 2026. The retail offer is conditional on the completion of the placing and is open to eligible UK investors, with a minimum subscription of £100. 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, 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 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 \n \n20 March 2026\n \nMedPal AI Plc\n(\"MedPal AI\" or the \"Company\")\n \nWRAP Retail Offer for up to £200,000\n \nMedPal AI plc (AIM: MPAL), the digital health platform, is pleased to announce that it is undertaking a retail offer via the Winterflood Retail Access Platform (\"WRAP\") to raise up to £200,000 (the \"WRAP Retail Offer\") through the issue of up to 8,000,000 new Ordinary Shares of 0.02 pence each in the capital of the Company (the \"WRAP Retail Offer Shares\") at 2.5 pence per share (the \"Issue Price\"). The Issue Price represents a discount of approximately 13 per cent. to the mid-market closing price of an Ordinary Share on 19 March 2026 (being the latest practicable date prior to this announcement).\n \nIn addition to the WRAP Retail Offer and as announced by the Company on 20 March 2026, the Company is also undertaking a placing of new Ordinary Shares (the \"Placing Shares\" and together with the WRAP Retail Offer Shares, the \"New Ordinary Shares\") to raise approximately £527,000 (before expenses) through a bookbuild process (the \"Placing\") at 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. The proceeds of the WRAP Retail Offer will be utilised in the same way as the proceeds of the Placing.\n \nFor the avoidance of doubt, the WRAP Retail Offer is not part of the Placing. Completion of the WRAP Retail Offer is conditional, inter alia, upon the completion of the Placing but completion of the Placing is not conditional on the completion ...