Business
Retail Offer
Maintel Holdings PLC is launching a retail offer of up to 1,250,000 new ordinary shares at 80 pence per share, representing a 33.3% discount to the previous day's closing price of 120 pence. This retail offer, alongside a placing and convertible loan notes, aims to raise £6 million in total before expenses, with net proceeds intended to strengthen the balance sheet, support new projects, enhance tendering capabilities, and fund a transformation program. The offer is conditional on refinancing and shareholder approval, with dealings expected to commence on AIM on June 2, 2026. Disclaimer*
About this update from Maintel Holdings Plc
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, TO US PERSONS 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. FURTHER,THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF MAINTEL HOLDINGS PLC IN THE UNITED STATES, CANADA, AUSTRALIA, NEW ZEALAND OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL OR REQUIRE REGISTRATION. NO PUBLIC OFFERING OF THE SECURITIES REFERRED TO HEREIN IS BEING MADE IN ANY SUCH JURISDICTION. THE COMMUNICATION OF THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS OR MATERIALS RELATING TO THE RETAIL OFFER AS A FINANCIAL PROMOTION IS ONLY BEING MADE TO, AND MAY ONLY BE ACTED UPON BY, THOSE PERSONS IN THE UNITED KINGDOM FALLING WITHIN ARTICLE 43 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (WHICH INCLUDES AN EXISTING MEMBER OF MAINTEL HOLDINGS PLC). ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO SUCH PERSONS AND WILL BE ENGAGED IN ONLY BY SUCH PERSONS. THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF MAINTEL HOLDINGS PLC. 13 May 2026 MAINTEL HOLDINGS PLC Retail Offer The Board of Maintel Holdings plc (the "Company") is pleased to announce a retail offer via BookBuild (the "Retail Offer") of new ordinary shares of 1 penny each in the capital of the Company ("Ordinary Shares"). Under the Retail Offer, up to 1,250,000 new Ordinary Shares (the "Retail Offer Shares") will be made available at a price of 80 pence per Retail Offer Share (the "Issue Price"). In addition to the Retail Offer, earlier today the Company announced a placing of new Ordinary Shares ("Placing") at the Issue Price and the issue of convertible loan notes ("Convertible Loan Notes") (together with the Placing and the Retai...
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