Result of Retail Offer and Notice of GM
EnSilica plc has successfully conditionally raised approximately £14.9 million through a placing, subscription, and retail offer, with the retail offer alone contributing around £0.9 million. The company has announced the results of its retail offer and the posting of a notice for a General Meeting scheduled for 27 July 2026, where resolutions will be proposed to enable the allotment of new ordinary shares. Admission of these new shares to AIM is expected on 29 July 2026, subject to the passing of the resolutions.
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£14.9 million conditionally raised pursuant to the Placing, Subscription and the Retail Offer
On 7 July 2026, EnSilica plc (AIM: ENSI), a leading fabless microchip maker with a growing portfolio of reusable IP, serving the Space and Communications, Industrial, and Automotive markets, announced that it had conditionally raised gross proceeds of approximately £14 million at the Issue Price of 91 pence per share through: (i) the Placing of 15,381,315 Placing Shares to new and existing institutional investors; and (ii) the Subscription for 3,300 Subscription Shares. Shortly thereafter EnSilica also announced the launch of the Retail Offer to new retail investors and existing shareholders of the Company.
The Retail Offer closed at 12.00 p.m. yesterday, 9 July 2026, and the Directors are pleased to announce that the Retail Offer has conditionally raised approximately £0.9 million (before expenses) through the issuance of 973,569 Retail Offer Shares at the Issue Price.
Accordingly, subject to the passing of certain Resolutions at the forthcoming General Meeting (as detailed below), the Company has conditionally raised a total of approximately £14.9 million pursuant to the Placing, Subscription and the Retail Offer (together, the "Fundraising").
Notice of General Meeting and posting of Circular
Completion of the Retail Offer, the Subscription and the Second Tranche Placing are subject to, inter alia, the passing of certain Resolutions at a General Meeting of the Company on 27 July 2026 to enable the allotment of new Ordinary Shares pursuant to the Second Tranche Placing, the Subscription and the Retail Offer.
The Company will post a Circular to Shareholders on 10 July 2026 containing details of the Fundraising and the notice of General Meeting to be held on 27 July 2026. A copy of the Circular will be available on the Company's website later tomorrow at www.ensilica.com.
Admission to AIM
Application has been made to the London Stock Exchange plc for the 4,570,461 new Ordinary Shares to be issued pursuant to the Second Tranche Placing, the Subscription and the Retail Offer to be admitted to trading on AIM and, subject to the passing of the Resolutions, it is expected that such Admission will become effective and dealings in such new Ordinary Shares will commence on AIM at 8.00 a.m. on 29 July 2026.
Unless otherwise defined, definitions contained in this Announcement have the same meaning as set out in the announcement made by the Company on 6 July 2026.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.