Business
Results of Retail Offer and Total Voting Righ...
Results of Retail Offer and Total Voting Righ....
About this update from Xp Power Ltd.
[{"type":"text","content":"\n\n \n \n\n\n\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SINGAPORE OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION 4 March 2025 XP Power Limited(\"XP Power\", the \"Company\" and together with its subsidiary undertakings, the \"Group\")Results of Retail Offer and Total Voting RightsXP Power is pleased to announce the successful completion of the offer of new ordinary shares in the capital of the Company (\"Ordinary Shares\") to retail investors via the RetailBook platform announced earlier today (the \"Retail Offer\"). A total of 97,860 Retail Offer Shares have been placed at a price of 975 pence per Retail Offer Share (the \"Offer Price\"), raising gross proceeds of £1 million for the Company. The Offer Price of 975 pence per share represents a discount of approximately 5.2 per cent. to the closing price on 3 March 2025. In aggregate, the Placing and Retail Offer raised gross proceeds of £41 million and the Placing Shares and Retail Offer Shares represent 17.7 per cent. of the existing issued share capital of the Company. Admission and Settlement Applications have been made for the Retail Offer Shares to be admitted to the equity shares (commercial companies) category of the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of London Stock Exchange plc (together, \"Admission\"). It is expected that Admission will take place at 8.00 a.m. (London time) on 6 March 2025, and dealings in the Retail Offer Shares will commence at that time. The Retail Offer Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the existing issued Ordinary Shares. This includes the right to receive all dividends and other distributions declared or paid in respect of such Ordinary Shares after the date of issue of the new Ordinary Shares. The Retail Offer is conditional upon, amongst other things, Admission becoming effective and the completion of the Placing. Total voting ...