WRAP Retail Offer for up to £100,000
Emmerson Plc is launching a WRAP Retail Offer to raise up to £100,000 through the issuance of up to 5,000,000 new ordinary shares at 2 pence per share, representing a slight discount to the previous day's closing price. This offer, which is conditional on the completion of a concurrent placing and subscription raising approximately £850,000, aims to provide existing UK retail shareholders an opportunity to participate. The proceeds from both the retail offer and the placing/subscription will be used for the same purposes, with admission to AIM anticipated on March 27, 2026.
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Emmerson Plc (AIM: EML), the Moroccan focused potash development company, is pleased to announce a retail offer via the Winterflood Retail Access Platform ("WRAP") to raise up to £100,000 (the "WRAP Retail Offer") through the issue of new ordinary shares of no par value each in the capital of the Company ("Ordinary Shares"). Under the WRAP Retail Offer up to 5,000,000 new Ordinary Shares (the "WRAP Retail Offer Shares") will be made available at a price of 2 pence per share (the "Issue Price"). The Issue Price represents a discount of approximately 2.4 per cent. to the mid-market closing price of an Ordinary Share on 19 March 2026 (being the latest practicable date prior to this announcement). The Retail Offer may be increased by the board of the Company depending on demand.
In addition to the WRAP Retail Offer and as announced 7:00 a.m. on 20 March 2026, the Company has conducted a placing and subscription of new Ordinary Shares (the "Placing Shares" and "Subscription Shares" and together with the WRAP Retail Offer Shares, the "New Ordinary Shares") to raise approximately £850,000 (before expenses) through a bookbuild process (the "Placing") and the Subscription ("Subscription") at the Issue Price.
The proceeds of the WRAP Retail Offer will be utilised in the same way as the proceeds of the Placing and Subscription.
The WRAP Retail Offer and the Placing and Subscription are conditional on the New Ordinary Shares being admitted to trading on AIM ("Admission"). It is anticipated that Admission will become effective and that dealings in the New Ordinary Shares will commence on AIM at 8.00 a.m. on 27 March 2026.
Sign up to WRAP Deal Notifications at: www.winterflood.com/wrap
WRAP Retail Offer
Therefore, the Company is making the WRAP Retail Offer available to eligible investors in the United Kingdom following release of this announcement, being existing shareholders of Emmerson, and through certain financial intermediaries.
The WRAP Retail Offer is expected to close at 4:30 pm on Monday 23 March 2026. Eligible shareholders should note that financial intermediaries may have earlier closing times.
There is a minimum subscription of £100 per investor under the WRAP Retail Offer. The terms and conditions on which investors subscribe will be provided by the relevant financial intermediaries including relevant commission or fee charges.
The Company's LEI is 213800JA8ZK1K6CWYP61.
UK Product Governance Requirements
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.