Business
Result of Placing and Subscription
Cirata plc has successfully completed an oversubscribed fundraising, raising gross proceeds of £5.1 million through a placing and subscription of 34,155,349 new ordinary shares, representing approximately 27% of existing shares. The placing raised £2.7 million and the subscription raised £2.5 million, both at an issue price of 15 pence per share, which is an 18.9% discount to the previous closing price. A separate retail offer aims to raise up to £0.38 million. Directors and senior employees are participating in the subscription with an aggregate investment of approximately £0.14 million. Admission of the new shares to AIM is expected on 28 July 2026. Disclaimer*
About this update from Cirata Plc
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF 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 IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE AN OFFER TO BUY, ACQUIRE OR SUBSCRIBE FOR (OR THE SOLICITATION OF AN OFFER TO BUY, ACQUIRE OR SUBSCRIBE FOR) SECURITIES IN ANY JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE UK VERSION OF THE MARKET ABUSE REGULATION (EU NO. 596/2014) AS IT FORMS PART OF UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION. 26 June 2026 Cirata plc ("Cirata" or the "Company") Result of Placing and Subscription Cirata plc (LSE: CRTA) is pleased to announce the successful completion of the oversubscribed bookbuild in respect of its conditional placing and subscription (together the "Fundraising") announced on 25 June 2026 (the "Launch Announcement"), raising, in aggregate, gross proceeds of £5.1 million (c.$6.7 million). A total of 34,155,349 new Ordinary Shares will be issued pursuant to the Placing and the Subscription, representing approximately 27 per cent. of the Existing Ordinary Shares of the Company ("New Ordinary Shares"). A total of 17,795,610 Placing Shares have been placed by Stifel Nicolaus Europe Limited ("Stifel") and Panmure Liberum Limited ("Panmure Liberum"), acting as joint bookrunners (the "Joint Bookrunners"), at a price of 15.0 pence per Placing Share (the "Issue Price") pursuant to the Placing, raising gross proceeds of approximately £2.7 million (c. $3.5 million) (the "Placing"). Completion of the Placing and the Subscription is conditional upon, inter alia, the passing of the GM Resolutions by Shareholders at the General Meeting and Admission. Further to the disclosure in the Launch Announcement, 500,000 of the New Ordinary Shares (representing...