Result of Retail Offer

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBIC OF IRELAND, SINGAPORE, HONG KONG OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

 

Tekmar Group plc 

("Tekmar", or the "Company")

Result of Retail Offer

 

Further to the announcements made on 31 March 2023 and 3 April 2023, Tekmar Group plc (AIM: TGP) is pleased to announce that it has conditionally raised gross proceeds of approximately £114,585 pursuant to the Retail Offer conducted via the BookBuild platform. A total of 1,273,164 Retail Offer Shares have been subscribed for by Retail Investors at the Issue Price.

The resulting total voting rights in the Company's shares will be confirmed following the conclusion of the General Meeting of the Company to be held at 10.30 a.m. on 19 April 2023.

Admission of the Retail Offer Shares to be issued under the Retail Offer is expected to take place at 8.00 a.m. on 20 April 2023. Completion of the Retail Offer is conditional, inter alia, upon the completion of the Placing and Admission taking effect.

Capitalised terms used in this announcement have the meanings given to them in the Circular published on 3 April 2023 , unless the context provides otherwise

Enquiries:

Tekmar Group plc	+44 (0) 1325 379 520
Alasdair MacDonald (Chief Executive Officer) Leanne Wilkinson (Chief Financial Officer)
Singer Capital Markets (Nominated Adviser, Sole Bookrunner and Joint Financial Adviser)	+44 (0) 20 7496 3000
Rick Thompson / George Tzimas / Alex Emslie
Bamburgh Capital Limited (Rule 3 Adviser and Joint Financial Adviser)	+44 (0) 131 376 0901
Murdo Montgomery / Richard Evans