Result of Retail Offer & Subscription
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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 AURRIGO INTERNATIONAL 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.
Aurrigo International plc
("Aurrigo" or the "Company")
Result of Retail Offer
Further to the announcement made by the Company on 16 November 2023, Aurrigo International plc (AIM: AURR), a leading international provider of transport technology solutions, announces that it has raised gross proceeds of £176,255 pursuant to its retail offer via the BookBuild Platform from existing retail shareholders ("Retail Offer"). Subject to the Retail Offer becoming unconditional, a total of 176,255 new ordinary shares of £0.002 each ("Retail Offer Shares") will be issued at 100 pence per Retail Offer Share ("Issue Price"). In addition, the Company has raised £100,000 by way of a direct subscription for 100,000 new Ordinary Shares ("Subscription Shares" and together with the Retail Offer Shares the "New Ordinary Shares") at the Issue Price (the "Subscription").
Consequently, an application has been made to the London Stock Exchange for the admission of, in aggregate, 276,255 New Ordinary Shares to trading on AIM ("Admission"). Admission and dealings in the New Ordinary Shares are expected to take place at 8.00 a.m. on or around 1 December 2023.
The Retail Offer and Subscription is conditional (amongst other things) upon Admission and completion of the Placing announced on 15 November 2023, which is expected to take place at 8.00 a.m. on or around 1 December 2023.
Following Admission, the Company's enlarged issued ordinary share capital will be 45,782,922. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
| Aurrigo International plc David Keene, Chief Executive Officer Graham Keene, Director of Corporate Development Ian Grubb, Chief Financial Officer | Via Instinctif |
| Singer Capital Markets (Nominated Adviser, Sole Broker and Retail Offer Coordinator) Phil Davies, Rick Thompson, Jalini Kalaravy | +44 (0)20 7496 3000 |
| Instinctif Partners (Financial Communications) Rozi Morris, Tim McCall, Isadora Pegler | +44 (0)20 7457 2020 aurrigo@instinctif.com |
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