Business
First Day of Dealings on AIM
Power Probe PLC has successfully admitted its ordinary share capital to trading on AIM, raising approximately $15 million (£11.2 million) through a placing of new shares at 82 pence each. The company's market capitalization is expected to be around £60 million upon admission. The net proceeds will fund the opening of a new US manufacturing facility, recruitment of engineering talent, expansion of distribution capabilities, and bolster working capital. This move signifies a new chapter for Power Probe, aiming to support ambitious growth plans and capitalize on the increasing complexity and global demand for automotive electrical diagnostic tools, with a projected global market opportunity of $2.2 billion by 2032. Disclaimer*
About this update from Power Probe Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL.\n11 December 2025\nPower Probe PLC\n(\"Power Probe\", the \"Group\" or the \"Company\")\nFirst Day of Dealings on AIM\n \nPower Probe, a leading producer of automotive electrical diagnostic tools for professional service technicians, is pleased to announce the admission of its entire issued ordinary share capital to trading on AIM, a market operated by the London Stock Exchange plc (\"Admission\").\nAdmission will take place, and dealings in the Company's ordinary shares of 0.1 pence each (\"Ordinary Shares\") will commence, at 8.00 a.m. today under the ticker 'PWR'. The ISIN of the Ordinary Shares is GB00BSDYS558, the SEDOL of the Ordinary Shares is BSDYS55 and the Company's LEI number is 2138008NNTZ6JFU6J368.\nIn conjunction with Admission, aggregate gross proceeds of approximately $15 million (£11.2 million) have successfully been raised by way of a placing with investors of 13,702,384 new Ordinary Shares (the \"Placing\"), at a price of 82 pence per Ordinary Share (the \"Placing Price\").\nShore Capital and Corporate Limited is acting as nominated adviser and Shore Capital Stockbrokers Limited is acting as sole bookrunner and broker to the Company.\nChema Garcia, Chief Executive Officer, commented:\n\"Our IPO is a major milestone and exciting moment for Power Probe, and we are extremely grateful for the support we've received from investors. Since 1992, we've been growing our business to become a leading developer in the specialised automotive electrical diagnostics market, driven by a relentless focus on innovation and continuously adapting to the rapid evolution of vehicle technology.\nOur admission to AIM marks a new chapter in that journey and will enable us to deliver on our ambitious growth plans, including opening a new state-of-the-art US manufacturing facility, which will increase our overall production capacity and bring us closer to our core end markets.\nI would like to extend my sincere thanks to everyone who has been part of this journey, especially our dedicated team, without whom none of this wo...