Business
New ATM Facility and Appointment of Joint Broker
Caledonian Holdings PLC has established a new At the Market Facility with Axis Capital Markets Limited, allowing the company to issue and sell up to 350,000,000 new ordinary shares, with an initial tranche of up to 26,010,702 shares representing approximately 20% of current issued share capital. Axis will act as Joint Broker alongside AlbR Capital Limited, with a broker fee of 3% and customary selling restrictions including a daily sale limit of 3% of issued share capital and a floor price. This facility aims to provide flexible capital raising at prevailing market prices to fund company development and satisfy existing debt obligations, with a minimum term of one year and a focus on minimising shareholder dilution. Disclaimer*
About this update from Caledonian Holdings Plc.
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain. 19 June 2026 Caledonian Holdings PLC ("Caledonian" or the "Company") New ATM Facility and Appointment of Joint Broker Caledonian Holdings PLC (AIM: CHP), the AIM quoted investing company focused on building an integrated financial services group, is pleased to announce it has established a new At the Market Facility ("ATM Facility") with Axis Capital Markets Limited ("Axis") pursuant to which the Company may issue and sell up to 350,000,000 new Ordinary Shares and the appointment of Axis as Joint Broker, alongside AlbR Capital Limited ("AlbR"). The establishment of the ATM Facility with Axis follows on from the authorities approved by shareholders at the annual general meeting of the Company held on 11 May 2026 to issue and allot up to 350,000,000 new ordinary shares pursuant to ATM facilities to be utilised by the Company. ATM Facility Under the ATM Facility, the Company will issue ordinary shares of nominal value £0.01 ("Ordinary Shares") in the capital of the Company ("ATM Shares") to an FCA-regulated custodian appointed by Axis (the "Custodian"), to be allotted and issued in tranches by mutual agreement between the Company and Axis (each an "ATM Tranche"). When issued, the ATM Shares will be fully paid and will rank pari passu in all respects with each other and with the existing Ordinary Shares in the Company. The Company intends to make a block admission application in respect of up to 26,010,702 ATM Shares (the "Initial ATM Tranche"), representing approximately 20% of the Company's current issued share capital. ATM Shares will be issued and allotted to Axis or its appointed custodian in tranches, as required pursuant to the ATM Facility. Axis will use all reasonable endeavours to sell the ATM Shares during the term of the ATM Facility (the minimum term of which is one year), subject to certain customary selling restrictions, which include: • a limit for not selling more than 3% of the Company's issued share capital in a single day; • ...
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