Result of Retail Offer
Abingdon Health PLC announced the results of its Retail Offer, which raised £176,509.26 through the issuance of 2,941,821 Retail Offer Shares at a price of 6 pence per share. This contributes to total gross proceeds of approximately £3.4 million raised in aggregate through the Placing and Retail Offer. Application has been made for admission of the New Ordinary Shares to trading on AIM, expected to commence on 31 October 2025 at 8:00 a.m., subject to resolutions passed at the General Meeting on 30 October 2025. The new shares will rank equally with existing ordinary shares.
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TERMS NOT OTHERWISE DEFINED HEREIN SHALL HAVE THE MEANINGS GIVEN TO THEM IN THE COMPANY'S ANNOUNCEMENT RELEASED ON 13 OCTOBER 2025 AT 5:04PM.
Abingdon Health plc
("Abingdon Health", the "Group" or the "Company")
Result of Retail Offer
Abingdon Health plc (AIM: ABDX), a leading international developer, manufacturer and regulatory services provider for rapid diagnostic tests and med-tech, announces that the Retail Offer launched on 14 October 2025 via the bookbuild platform has raised in aggregate £176,509.26 through the issuance of 2,941,821 Retail Offer Shares at a price of 6 pence per share.
Accordingly, the Company has conditionally raised total gross proceeds of approximately £3.4 million in aggregate by way of the Placing and Retail Offer.
Admission
Application will be made to the London Stock Exchange for admission of the New Ordinary Shares to trading on AIM. It is expected that, subject to the necessary resolutions being passed at the General Meeting, Admission will become effective and dealings in the new Ordinary Shares will commence at 8:00 a.m. on 31 October 2025. The new Ordinary Shares will be issued fully paid and will rank pari passu in all respects with the Company's Existing Ordinary Shares.
Admission is conditional, inter alia, upon Admission becoming effective, the Placing Agreement not having been terminated and becoming unconditional, and upon the approval of the Resolutions by the Shareholders at the Company's forthcoming General Meeting to be held on 30 October 2025.
Capitalised terms used but not defined in this announcement have the meanings given to them in the Company's announcement released at 5:04 p.m. on 13 October 2025 in respect of the Proposed Placing to raise up to £3.34 million (before expenses) and Retail Offer to raise up to £200,000 (before expenses) unless the context provides otherwise.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.