Business
Proposed fundraise of £1.5m and JV
Proposed fundraise of £1.5m and JV.
About this update from Mirriad Advertising Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN, NEW ZEALAND OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED (\"EUWA\")) (\"MAR\"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED WITHIN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF INSIDE INFORMATION (AS DEFINED UNDER MAR). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THOSE PERSONS THAT RECEIVED INSIDE INFORMATION IN A MARKET SOUNDING ARE NO LONGER IN POSSESSION OF SUCH INSIDE INFORMATION, WHICH IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n13 May 2025\n \nMirriad Advertising plc\n(\"Mirriad\" or the \"Company\")\n \nProposed fundraise of a minimum of £1.5 million and proposed joint venture\n \nMirriad Advertising plc (AIM: MIRI), a leading in-content advertising and virtual product placement (\"VPP\") company, announces its intention to conduct a conditional fundraising (the \"Placing\") to raise a minimum of £1.5 million through a placing of a minimum of 15,000,000,000 new ordinary shares of £0.00001 each in the capital of the Company (\"Ordinary Shares\") to new and existing institutional investors (\"Placees\") at an issue price of 0.01 pence per new Ordinary Share (the \"Issue Price\").\n \nIn addition to the Placing, it is proposed that there will be a separate conditional retail offer to existing shareholders via the Winterflood Retail Access Platform (\"WRAP\") to raise up to approximately £0.2 million (before expenses) at the Issue Price (the \"WRAP Retail Offer\" and, together with the Placing, the \"Fundraise\"). The WRAP Retail Offer will provide existing...