Business
WRAP Retail Offer for up to £100,000
Emmerson Plc is launching a WRAP Retail Offer to raise up to £100,000 through the issuance of up to 5,000,000 new ordinary shares at 2 pence per share, representing a slight discount to the previous day's closing price. This offer, which is conditional on the completion of a concurrent placing and subscription raising approximately £850,000, aims to provide existing UK retail shareholders an opportunity to participate. The proceeds from both the retail offer and the placing/subscription will be used for the same purposes, with admission to AIM anticipated on March 27, 2026. Disclaimer*
About this update from Emmerson Plc
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, 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. THE COMMUNICATION OF THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS OR MATERIALS RELATING TO THE WRAP 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 EMMERSON PLC). ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO SUCH PERSONS AND WILL BE ENGAGED IN ONLY WITH 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 EMMERSON PLC. 20 March 2026 Emmerson PLC ("Emmerson" or the "Company") WRAP Retail Offer for up to £100,000 Emmerson Plc (AIM: EML), the Moroccan focused potash development company, is pleased to announce a retail offer via the Winterflood Retail Access Platform ("WRAP") to raise up to £100,000 (the "WRAP Retail Offer") through the issue of new ordinary shares of no par value each in the capital of the Company ("Ordinary Shares"). Under the WRAP Retail Offer up to 5,000,000 new Ordinary Shares (the "WRAP Retail Offer Shares") will be made available at a price of 2 pence per share (the "Issue Price"). The Issue Price represents a discount of approximately 2.4 per cent. to the mid-market closing price of an Ordinary Share on 19 March 2026 (being the latest practicable date prior to this announcement). The Retail Offer may be increased by the board of the Company depending on demand. In addition to the WRAP Retail Offer and as announced 7:00 a.m. on 20 March 2026, the Company has conducted a placing and subscription of new Ordinary Shares (the "Placing Shares" and "Subscription Shares" and together with the WRAP Retail Offer ...