Result of WRAP Retail Offer
Emmerson PLC has successfully raised aggregate gross proceeds of approximately £850,000 through a Placing, Subscription, and WRAP Retail Offer, issuing a total of 42,500,000 new Ordinary Shares at an issue price of 2 pence per share. The WRAP Retail Offer alone contributed £100,000 from the issuance of 5,000,000 new Ordinary Shares. Admission of these new shares to trading on AIM is expected on 27 March 2026, at which point the Company's total issued ordinary share capital will be 1,336,366,195 Ordinary Shares.
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Emmerson Plc, the Moroccan focused potash development company, is pleased to confirm, further to the announcements made on Friday 20 March 2026 (the "Retail Offer Announcement"), the result of the Company's Placing, Subscription and WRAP Retail Offer (together, the "Fundraise") at the Issue Price of 2 pence per share. Terms defined in the Retail Offer Announcement have the same meanings in this announcement.
The Company announces that it has raised aggregate gross proceeds of £100,000 pursuant to the WRAP Retail Offer, alongside the previously announced Placing and Subscription. Accordingly, the Company will issue a total of 5,000,000 new Ordinary Shares at the Issue Price pursuant to the WRAP Retail Offer.
In total, the Placing, Subscription and the WRAP Retail Offer have raised gross proceeds of approximately £850,000 for the Company, through the issue of 42,500,000 new Ordinary Shares in aggregate.
Admission and Total Voting Rights
Applications have been made for the Placing Shares, the Subscription Shares and the WRAP Retail Offer Shares to be admitted to trading on AIM ("Admission"). Admission is expected to become effective at 8.00 a.m. on 27 March 2026.
Upon Admission, the Company's issued ordinary share capital will consist of 1,336,366,195 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 1,336,366,195. 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.
The Company's LEI is 213800JA8ZK1K6CWYP61.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.