WRAP Retail Offer for up to £300,000
Retail offer of up to £300,000 at 44p per share, alongside separate £5m placing.
- Retail Offer size up to £300,000
- Retail Offer Shares up to 681,818 shares
- Issue Price 44 pence per share
- Discount to closing price approximately 7.4%
- Placing minimum £5 million
- Minimum subscription per investor £100
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Aurrigo International plc (AIM: AURR), a leading international provider of transport technology solutions, is pleased to announce a retail offer (the "Retail Offer") via the Winterflood Retail Access Platform ("WRAP"). The Retail Offer is being undertaken alongside a Placing to raise a minimum of £5 million (the "Placing"), as announced separately today. Under the Retail Offer up to 681,818 new Ordinary Shares (the "Retail Offer Shares") will be made available to eligible retail investors at a price of 44 pence per share (the "Issue Price") representing a discount of approximately 7.4 per cent. to the closing price on 10 December 2024 (being the last practicable date prior to this Announcement). It is intended that the proceeds of the Retail Offer will be utilised to further accelerate the Board's strategy.
The Retail Offer is conditional on the Retail Offer Shares being admitted to trading on the AIM Market and on the passing of certain resolutions by Shareholders at a General Meeting to be held at 3.00 p.m. on 6 January 2025. A circular, containing further details of the Placing and Retail Offer and notice of the General Meeting is expected to be published and despatched to Shareholders shortly. It is anticipated that admission of the Retail Offer Shares will become effective and that dealings in the Retail Offer Shares will commence on AIM, at 8.00 a.m. on 8 January 2025.
For the avoidance of doubt, the Retail Offer is not part of the Placing. Completion of the Retail Offer is conditional, inter alia, upon the completion of the Placing.
WRAP Retail Offer
The Retail Offer is expected to close at 12.00 p.m. on 13 December 2024. Eligible retail investors should note that financial intermediaries may have earlier closing times. The result of the Retail Offer is expected to be announced by the Company on or around 13 December 2024.
There is a minimum subscription of £100 per investor under the Retail Offer. The terms and conditions on which investors subscribe will be provided by the relevant financial intermediaries including relevant commission or fee charges.
The Company reserves the right to amend the size of the retail offer at its discretion. The Company reserves the right to scale back any order and to reject any application for subscription under the Retail Offer without giving any reason for such rejection.
| Aurrigo International plc David Keene, Chief Executive Officer Ian Grubb, Chief Financial Officer | +44 (0)2476 635818 |
| Alma Strategic Communications Hilary Buchanan Caroline Forde Will Ellis Hancock | +44(0)20 3405 0205 |
| Cucumber PR Russ Cockburn | +44 (0)78 1260 0271 |
| Winterflood Retail Access Platform Joe Winkley Sophia Bechev | WRAP@winterflood.com +44(0) 20 3100 0286 |
The Company's LEI is 213800FPH71B7UWC7104.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.