Update on Proposed Equity Fundraise
BSF Enterprise PLC has announced a delay in its proposed equity fundraise and capital reorganisation, which were approved by shareholders on 17 December 2025. The company stated that the process is taking longer than anticipated as it continues to assess options and progress workstreams, and that the equity fundraise remains conditional on the approval of a prospectus. The Board is seeking certainty to ensure timely completion and will provide further updates as appropriate.
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Further to the Company's announcements on 28 November 2025 and 15 December 2025 (the "Announcements"), the Company provides an update on the proposed Equity Fundraise and Capital Reorganisation. As previously announced, the resolutions required to implement the Equity Fundraise and Capital Reorganisation were approved at a general meeting of the Company held on 17 December 2025. Capitalised terms used in this announcement have the same meanings as in the Announcements unless the context requires otherwise.
Equity Fundraise
The Equity Fundraise remains conditional, inter alia, on approval of a prospectus to be published by the Company within the required timeframe following the entry into the relevant financing arrangements.
Further to the above, the Company confirms that it will not meet the anticipated timetable in respect of the proposed transaction and Capital Reorganisation.
The process remains ongoing and is taking longer than initially anticipated as the Company continues to assess its options and progress the required workstreams.
The Board continues to consider the proposed transaction, seeking certainty to enable it to be completed in a timely manner.
The Company will provide further updates as appropriate.
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| Shard Capital (Broker) Damon Heath Isabella Pierre | 0207 186 9000 0207 186 9927 |
| AlbR Capital Limited (Broker) Colin Rowbury Jon Belliss | +44 (0)20 7469 0930 |
ISIN of the Ordinary Shares is GB00BHNBDQ51. SEDOL Code is BHNBDQ5.
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