Business
Result of WRAP Retail Offer
Emmerson PLC has successfully raised aggregate gross proceeds of approximately £850,000 through a Placing, Subscription, and WRAP Retail Offer, issuing a total of 42,500,000 new Ordinary Shares at an issue price of 2 pence per share. The WRAP Retail Offer alone contributed £100,000 from the issuance of 5,000,000 new Ordinary Shares. Admission of these new shares to trading on AIM is expected on 27 March 2026, at which point the Company's total issued ordinary share capital will be 1,336,366,195 Ordinary Shares. Disclaimer*
About this update from Emmerson Plc
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, SOUTH AFRICA OR JAPAN, OR ANY MEMBER STATE OF THE EEA, OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 WHICH FORMS PART OF THE LAWS OF ENGLAND AND WALES PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR"). UPON PUBLICATION OF THIS ANNOUNCEMENT THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE WITHIN THE PUBLIC DOMAIN. 24 March 2026 Emmerson PLC ("Emmerson" or the "Company") Result of WRAP Retail Offer Emmerson Plc, the Moroccan focused potash development company, is pleased to confirm, further to the announcements made on Friday 20 March 2026 (the "Retail Offer Announcement"), the result of the Company's Placing, Subscription and WRAP Retail Offer (together, the "Fundraise") at the Issue Price of 2 pence per share. Terms defined in the Retail Offer Announcement have the same meanings in this announcement. The Company announces that it has raised aggregate gross proceeds of £100,000 pursuant to the WRAP Retail Offer, alongside the previously announced Placing and Subscription. Accordingly, the Company will issue a total of 5,000,000 new Ordinary Shares at the Issue Price pursuant to the WRAP Retail Offer. In total, the Placing, Subscription and the WRAP Retail Offer have raised gross proceeds of approximately £850,000 for the Company, through the issue of 42,500,000 new Ordinary Shares in aggregate. Admission and Total Voting Rights Applications have been made for the Placing Shares, the Subscription Shares and the WRAP Retail Offer Shares to be admitted to trading on AIM ("Admission"). Admission is expected to become effective at 8.00 a.m. on 27 March 2026. Upon Admission, the Company's issued ordinary share capital will consist of 1,336,366,195 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, from Admission the total number of Ordinary Shares and voting rights in the Com...