Result of WRAP Retail Offer
WRAP Retail Offer raises £0.32m via issue of 712,929 shares at 45p; total fundraise £14.1m.
- WRAP Retail Offer gross proceeds £0.32 million
- WRAP Retail Offer shares issued 712,929 at 45 pence per share
- Total gross proceeds (Placing, Subscription, WRAP Retail Offer) £14.1 million
- Total shares issued in fundraise 31,370,563 shares
Select text to share a quote on X · sign in to keep highlights & notes in your AURR notes
Aurrigo International plc (AIM: AURR), a leading international provider of transport technology solutions, is pleased to confirm, further to the announcements made on 27 August 2025, that it has raised aggregate gross proceeds of approximately £0.32 million pursuant to the WRAP Retail Offer. Accordingly, the Company will issue a total of 712,929 new Ordinary Shares at the Issue Price of 45 pence per share pursuant to the WRAP Retail Offer.
In total, the Placing, the Subscription and the WRAP Retail Offer have raised gross proceeds of approximately £14.1 million for the Company, via the Placing of 8,990,968 Placing Shares, the Subscription of 21,666,666 Subscription Shares and the 712,929 WRAP Retail Offer Shares.
Admission and Total Voting Rights
Applications have been made for the WRAP Retail Offer Shares to be admitted to trading on AIM ("Third Admission"). Third Admission is expected to become effective on or around 22 September 2025 (alongside the simultaneous admission of the Third Tranche Placing Shares and the Second Tranche Subscription Shares).
Third Admission is conditional upon, inter alia, First Admission, Second Admission, the Subscription Letter not having been terminated, upon the Placing Agreement not having been terminated and becoming unconditional in respect of the Third Tranche Placing Shares and also upon the passing of the Fundraise Resolutions by Shareholders at the General Meeting.
The new Ordinary Shares to be issued pursuant to the WRAP Retail Offer will be issued free of all liens, charges and encumbrances and will, on Third Admission, rank pari passu in all respects with the new Ordinary Shares to be issued pursuant to the Placing, the Subscription and the Company's existing Ordinary Shares.
A further announcement will be made following the General Meeting, which will include the total voting rights in the Company's share capital following admission of the Third Tranche Placing Shares, Second Tranche Subscription Shares and Retail Offer Shares.
Terms used but not defined in this announcement have the same meaning as set out in the Company's Placing Launch Announcement released on 27 August 2025.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.