WRAP Retail Offer for up to £0.5 million
Aurrigo launches retail offer for up to £0.5 million at 45 pence per share alongside placing and subscription.
- WRAP Retail Offer size up to £0.5 million
- WRAP shares on offer up to 1,111,111 ordinary shares
- Issue price per share 45 pence
- Placing and Subscription minimum c.£13 million
- Discount to mid-market price approximately 10 per cent.
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Aurrigo International plc (AIM: AURR), a leading international provider of transport technology solutions, is pleased to announce a retail offer via the Winterflood Retail Access Platform ("WRAP") to raise up to £0.5 million (the "WRAP Retail Offer") through the issue of new ordinary shares of £0.002 each in the capital of the Company ("Ordinary Shares"). Under the WRAP Retail Offer up to 1,111,111 new Ordinary Shares (the "WRAP Retail Offer Shares") will be made available at a price of 45 pence per share.
In addition to the WRAP Retail Offer and as also announced today, the Company is also proposing a placing of new Ordinary Shares (the "Placing Shares") through a bookbuild process (the "Placing") and a subscription of new Ordinary Shares (the "Subscription Shares") to raise a minimum of c.£13 million (before expenses) at a price of 45 pence per Placing Share (the "Placing Price"). The Placing Price represents a discount of approximately 10 per cent. to the mid-market closing price of an Ordinary Share on 26 August 2025 (being the latest practicable date prior to this announcement). The issue price of the WRAP Retail Offer Shares is equal to the Placing Price. Taken together, the Placing Shares, the Subscription Shares and the WRAP Retail Offer Shares comprise the "New Ordinary Shares").
A separate announcement has been made regarding the Placing and Subscription and its terms and sets out the reasons for the Placing and Subscription and use of proceeds. The proceeds of the WRAP Retail Offer will be utilised in the manner disclosed in that announcement.
For the avoidance of doubt, the WRAP Retail Offer is not part of either the Placing or the Subscription. Completion of the WRAP Retail Offer is conditional, inter alia, upon the completion of the Placing and Subscription but completion of the Placing is not conditional on the completion of the WRAP Retail Offer.
The WRAP Retail Offer is conditional on the WRAP 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 11:00 a.m. on 19 September 2025. A circular, containing further details of the Placing and Subscription and WRAP 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 WRAP Retail Offer Shares will become effective and that dealings in the WRAP Retail Offer Shares will commence on AIM, at 8.00 a.m. on 22 September 2025.
WRAP Retail Offer
Therefore, the Company is making the WRAP Retail Offer open to eligible investors in the United Kingdom, being new or existing shareholders of Aurrigo, following release of this announcement and through certain financial intermediaries.
The Retail Offer is expected to close at 12:00 noon on 29 August 2025. 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 29 August 2025.
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.
| Aurrigo International plc David Keene, Chief Executive Officer Ian Grubb, Chief Financial Officer | +44 (0)2476 635818 |
| Winterflood Retail Access Platform Kaitlan Billings Sophia Bechev | WRAP@winterflood.com +44(0) 20 3100 0214 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.