Business
Result of Placing and Posting of Circular & NOM
Result of Placing and Posting of Circular & NOM.
About this update from Plexus Holdings
[{"type":"text","content":"\n\nPlexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil equipment & services\n \n19 March 2025\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 (AS AMENDED) (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED)). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \nPlexus Holdings PLC\n('Plexus' or 'the Company')\n \nResult of Placing and\nPosting of Circular & Notice of General Meeting\n \n \nPlexus Holdings PLC, the AIM-traded wellhead services business, is pleased to announce that further to the Company's announcement released at 7.00 a.m. on 19 March 2025 (the \"Launch Announcement\"), the accelerated bookbuild has closed and the Company has conditionally raised gross proceeds of £1.0 million), through the successful Placing of 15,904,977 New Ordinary Shares at the Issue Price of 6.5 pence per Ordinary Share.\n \nThe Launch Announcement confirmed that certain directors of the Company intend to subscribe for a total of 30,246,151 New Ordinary Shares in aggregate (the \"Subscription\") to raise a further £2.0 million. As the Company is currently in a close period under MAR until the publication of its FY24 Interim Results, the Directors' participation in the Subscription is expected to follow the publication of the FY24 Interim Results. Should the Subscription proceed the gross proceeds of the Fundraising will be approximately £3.0 million.\n \nIn addition to the Placing and Subscription the Company proposes to raise up to a further £0.5 million through the issue of New Ordinary Shares pursuant to a Retail Offer to existing retail Shareholders at the Issue Price. A further announcement will be made regarding the Retail Offer later today.\n \nThe Company intends to use the net proceeds of the Fundraise and any funds obtained through the Retail Offer, along with its existing cash resources, as follows:\n· £3 million will be used to fund the manufacture of eight additional sets of Exact-EX rental wellhead equipment, doubling the fleet for short term core business, and additional associated connectors and tooling; and\n·  ...