Business
WRAP Retail Offer for up to £500,000
WRAP Retail Offer for up to £500,000.
About this update from Oberon Investments Group 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 \nOberon Investments Group plc\n(\"Oberon\" or the \"Company\")\n \nWRAP Retail Offer for up to £500,000\n \nOberon Investments Group plc (\"Oberon\" or the \"Company\") is pleased to announce a retail offer via the Winterflood Retail Access Platform (\"WRAP\") to raise up to £500,000 gross proceeds (the \"WRAP Retail Offer\") through the issue of new ordinary shares of 0.5 pence per share each in the capital of the Company (\"Ordinary Shares\"). Under the WRAP Retail Offer up to 13,888,888 new Ordinary Shares (the \"WRAP Retail Offer Shares\") will be made available at a price of 3.6 pence per share (the \"Issue Price\").\n \nIn addition to the WRAP Retail Offer and as announced at 7.a.m. on 19 September 2023 (the \"Placing Announcement\"), the Company has raised approximately £2.5 million before expenses, through a conditional placing, via Oberon Capital, of 69,444,443 new shares of 0.5 pence each in the Company at the Issue Price (the \"Placing\"). The Placing was supported by new and existing institutional shareholders.\n \nThe Placing 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 used for the same purposes 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, amongst other things, upon the completion of the Placing but completion of the Placing is not conditional on the completion of the WRAP Retail Offer.\n \nWRAP Retail Offer\n \nThe ...