Defence Holdings PLC
ALRT · Main Market · Industrial Goods and Services · mcap £16m · 0.6p 4 open situations →
Open · 4
MoD testing contract
A 5 June 2026 Transparency Notice named the company in a proposed MoD contract of about £226,000 over three months. The 28 July 2026 results cited a revenue-bearing MoD contract after year end. On 18 September 2026 the company announced a second UK Government contract, a six-month pilot starting immediately; its customer and value are undisclosed.
- Customer
- Customer requirements and operational application not disclosed 18 Sep 2026 ↗
- Conditions
- completion of relevant approval and procurement processes
- Scope
- fuse open-source and classified intelligence; generate Courses of Action; human-controlled deployment of effects
- Status
- Results of 28 July 2026 describe a revenue-bearing contract triggered after year end; value not restated 28 Jul 2026 ↗
- Expectation
- More contracts expected to follow, per the company 28 Jul 2026 ↗
- Second contract
- Six-month initial pilot with the UK Government, announced 18 September 2026, starting immediately 18 Sep 2026 ↗
- 18 Sep 2026 Second UK Government pilot started
- 28 Jul 2026 Results cite revenue-bearing MoD contract after year end
- 5 Jun 2026 Transparency Notice published; award not yet completed
At-the-market equity facility
On 25 June 2026 the company launched an accelerated bookbuild to raise up to about £4m at 1p, a 24.81% discount, with Fortified as sole bookrunner; a broker offer of up to £1m was added and the ATM suspended. On 26 June 2026 it announced completion of the full £4m placing, described as significantly oversubscribed and scaled back. Admission is expected on 1 July 2026, taking shares in issue to 2,873,485,974.
- Size
- £4m gross; 400,000,000 new shares; placing completed 26 June 2026 26 Jun 2026 ↗
- Price
- 1 pence per share 26 Jun 2026 ↗
- Discount
- 24.81% to the 1.33p close on 24 June 2026 26 Jun 2026 ↗
- Use of money
- Working capital and strategic defence partnerships
- Underwriting
- Not underwritten; Fortified uses reasonable endeavours
- Share count
- 2,873,485,974 ordinary shares in issue after Admission 26 Jun 2026 ↗
- 26 Jun 2026 Placing completed, oversubscribed; admission pending
- 25 Jun 2026 Accelerated bookbuild launched; broker offer open
- 5 Feb 2026 £713k raised in total by 16 January 2026
- 22 Dec 2025 £620k raised by 18 Dec 2025
Project Ixian commercialisation
Next: Contract signing with first customer; formal update once restrictions lift
- 22 Dec 2025 Final stages of contract finalisation, first customer
- 20 Oct 2025 final stages, validated with UK defence stakeholders
Second sovereign-AI product with hyperscaler
- 6 Nov 2025 Oracle OCI collaboration framework announced
- 20 Oct 2025 active co-development with hyperscale partner
Closed · 1
Company filings. Not investment advice.