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Result of Retail Offer and Restoration of Trading

In brief · summary, not quotable

Built Cybernetics raised £3.07m via placing, subscription, convertible loan agreements and retail offer; admission expected 4 November 2026.

  • Gross proceeds from Retail Offer £130,115
  • Total gross proceeds from Fundraising £3.07m
  • Placing proceeds £2.3m
  • CLA proceeds £0.5m
  • Retail Offer Shares issued 8,674,384 shares at 1.5p
  • Total Ordinary Shares post-Admission 809,039,665
Full announcement

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Total Voting Rights

Built Cybernetics (AIM: BUC), the smart buildings group, is pleased to confirm, further to the Company’s announcement at 7.30 a.m. on 8 October 2026 (the “Launch Announcement”) and other announcements made on 8 October 2026, the result of its Retail Offer via the Winterflood Retail Access Platform (“WRAP”).

The Company announces that it has raised aggregate gross proceeds of £130,115 pursuant to the Retail Offer. Accordingly, the Company will issue a total of 8,674,384 Retail Offer Shares at the Issue Price of 1.5 pence per share pursuant to the Retail Offer.

In total, the Company has therefore conditionally raised a total of approximately £3.07 million via its Fundraising, being approximately £2.3 million pursuant to the Placing, approximately £0.1 million pursuant to the Subscription of Subscription Shares, £0.5 million pursuant to the CLAs and £130,115 pursuant to the Retail Offer.

The issue of the Retail Offer Shares will be conditional upon, inter alia, the passing of certain Resolutions (granting the Directors authority to issue and allot new ordinary shares otherwise than on a pre-emptive basis) to be put to shareholders of the Company at the General Meeting of the Company which is expected to be held at noon on 2 November 2026 at the offices of the Company, 10 Bonhill Street, London EC2A 4PE, whereby such authority will be utilised by the Directors to, inter alia, enable the issue of the Retail Offer Shares. The issue of the Retail Offer Shares will also be conditional on Admission.

Admission and Total Voting Rights

Application will be made to the London Stock Exchange for a total of 410,345,443 New Ordinary Shares, comprising the Consideration Shares, the Note Satisfaction Shares, the Loan Assignment Shares, the Ecolibrium Management Shares, the Placing Shares, the Subscription Shares, and the Retail Offer Shares to be admitted to trading on AIM.

It is expected that Admission will become effective and dealings in the New Ordinary Shares will commence at 8.00 a.m. on 4 November 2026, conditional upon, inter alia, the passing of the Resolutions, Completion and satisfaction of the conditions of the Placing.

Upon Admission, the Company's issued ordinary share capital will consist of 809,039,665 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, from Admission the total number of Ordinary Shares and voting rights in the Company will be 809,039,665. With effect from Admission, 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 to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Capital Access Window

As detailed in the Launch Announcement, the Company entered a Capital Access Window at 7.30 a.m. BST on 28 September 2026, in order to reach a broader range of investors during the Fundraising. Following the close of the Retail Offer, it is intended that normal trading in the Company's existing Ordinary Shares will resume at 7.30 a.m. on 13 October 2026.

Unless otherwise defined in this announcement, capitalised terms have the meanings given to them in the circular expected to be published by the Company and sent to the Shareholders on or around the date of this announcement (the “Circular”).

Investor Enquiries We encourage all investors to share questions on this announcement via our investor hubhttps://builtcybernetics.com/link/PwE8Ae
Built Cybernetics plc Clive Carver, Chairman Nick Clark, Chief Executive+44 (0)20 7843 3001
Canaccord Genuity Limited , Nominated Adviser and Joint Broker Stuart Andrews Elizabeth Halley-Stott+44 (0)20 7523 8000
Allenby Capital Limited , Joint Broker Nick Naylor, Alex Brearley (Corporate Finance) Jos Pinnington, Lauren Wright (Sales and Corporate Broking)+44 (0)20 3002 2073
Winterflood Retail Access Platform Sophia Bechev, Kaitlan BillingsWRAP@marex.com +44 (0)20 7071 0488

The Company's LEI is 213800WWNHLPUBSUK220.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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