Launch of Retail Offer
Cirata PLC has launched a conditional retail offer of new ordinary shares via RetailBook Limited, aiming to raise up to £380,000 (approximately $500,000) at an issue price of 15.0 pence per share, which represents an 18.9% discount to the previous day's closing mid-price. This offer, available to both new and existing investors with a minimum subscription of £250, is part of a larger fundraising effort that also includes a placing and subscription for institutional investors. The net proceeds are intended for balance sheet stability, pipeline conversion, and investment in Cirata Symphony. The retail offer is conditional on shareholder approval at a general meeting on July 24, 2026, and admission to trading on AIM, expected on July 28, 2026.
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| = | Cirata announces a conditional retail offer of new Ordinary Shares via RetailBook Limited (" RetailBook ") for up to £380,000 (c.$500,000) ; |
| = | The Issue Price for the new Ordinary Shares is 15.0 pence per new Ordinary Share, representing a discount of 18.9 per cent to the closing mid-price of the Company's existing Ordinary Shares on 24 June 2026; |
| = | The Retail Offer is available to both existing shareholders and new investors; |
| = | There is a minimum subscription of £250 per investor in the Retail Offer; |
| = | No commission will be charged by RetailBook on applications to the Retail Offer. |
| = | More information on RetailBook's partner network and how investors can participate in the Retail Offer can be found here: https://app.retailbook.com/offers/cirata-plc . |
The Retail Offer
Cirata (LSE: CRTA), the data activation platform is pleased to announce a conditional retail offer of new ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") via RetailBook (the "Retail Offer") for up to £380,000 (c.$500,000) at an issue price of 15.0 pence per new Ordinary Share (the "Issue Price"), representing a discount of 18.9 per cent to the closing mid-price of the Company's existing Ordinary Shares on 24 June 2026. The Company is also conducting a placing of new Ordinary Shares to institutional investors by way of an accelerated bookbuilding process (the "Placing") and a subscription for new Ordinary Shares (the "Subscription", together with the Placing and the Retail Offer, the "Fundraising") as announced by the Company earlier today. For the avoidance of doubt, the Retail Offer is not part of the Placing.
The Fundraising is conditional on, inter alia, the approval of the shareholders of the Company at a general meeting of the Company to be convened for 11.00 a.m. on 24 July 2026 and on the new Ordinary Shares to be issued pursuant to the Fundraising being admitted to trading on AIM ("Admission"). Admission is expected to take place at 8.00 a.m. on 28 July 2026.
The Retail Offer will not be completed without the Placing and Subscription also being completed.
The net proceeds of the Fundraising are intended to be used by the Company for, balance sheet stability, pipeline conversion and investment in Cirata Symphony.
Reason for the Retail Offer
The Retail Offer is open to eligible investors resident and physically located in the United Kingdom following release of this announcement. The Retail Offer is expected to close at 8.00 a.m. on 29 June and may close earlier at the discretion of the Company or if it is oversubscribed.
Investors can participate through RetailBook's partner network of investment platforms, retail brokers and wealth managers, subject to such partners' participation. More information on RetailBook's partner network can be found at https://app.retailbook.com/offers/cirata-plc.
Eligibility for the Retail Offer
Eligible investors wishing to subscribe for new Ordinary Shares should contact their investment platform, retail broker or wealth manager to confirm if they are participating in the Retail Offer, for details of their terms and conditions, process (including for using their ISA, SIPP or GIA and the procedure for application and payment of the new Ordinary Shares and details of how any funds committed with be treated if the Retail Offer does not proceed) and any relevant fees or charges.
Some partners may only accept applications from existing shareholders and/or existing customers.
There is a minimum subscription of £250 per investor. The terms and conditions on which investors subscribe will be provided by the relevant financial intermediaries including relevant commission or fee charges. Note, no commission will be charged to investors by RetailBook in connection with the Retail Offer.
| Cirata plc Stephen Kelly, Chief Executive Officer Ed Kee, Finance Director Dan Hayes, Investor Relations | Via FTI Consulting |
| RetailBook Limited Mike Ward / James Deal | c apitalmarkets @retailbook.com |
| Stifel, Nominated Adviser Fred Walsh / Brough Ransom / Ben Good / Dan Dearden-Williams | +44 (0) 20 7710 7600 |
| FTI Consulting, PR adviser Matt Dixon / Kwaku Aning | +44 (0) 20 3727 1137 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.