Result of Retail Offer
Flowtech Fluidpower PLC has successfully raised gross proceeds of £0.6 million through its retail offer, issuing 1,180,070 new ordinary shares at the issue price. Combined with the placing, the total gross proceeds raised amount to approximately £9.6 million. Admission of these new shares to the AIM market of the London Stock Exchange is expected on 9 February 2026, subject to shareholder approval at the General Meeting on 6 February 2026. Upon admission, the company's total issued ordinary share capital will be 81,436,375 ordinary shares, each with one voting right.
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Flowtech Fluidpower PLC ("Flowtech" or the "Company") (AIM: FLO) is pleased to announce that, following the Fundraising announced on 20 January 2026, it has conditionally raised gross proceeds of £0.6 million by way of a retail offer via the Winterflood Retail Access Platform. Pursuant to the Retail Offer, the Company will issue a total of 1,180,070 new ordinary shares of 50 pence each (and following the Capital Reorganisation, 5 pence each) (the "Ordinary Shares") in the capital of the Company at the Issue Price (the "Retail Offer Shares").
In total, the Placing and the Retail Offer have raised gross proceeds of approximately £9.6 million for the Company, via the Placing of 16,981,132 Placing Shares and the 1,180,070 Retail Offer Shares.
Admission and Total Voting Rights
The Retail Offer and the Placing remain subject to, inter alia, the passing of the Resolutions at a General Meeting of the Company on 6 February 2026. Subject to the passing of the Resolutions, application will be made to the London Stock Exchange for the new Ordinary Shares (namely, the Placing Shares and the Retail Offer Shares) to be admitted to trading on the AIM market of the London Stock Exchange ("Admission") 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 9 February 2026.
Upon Admission, the Company's issued ordinary share capital will consist of 81,436,375 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 81,436,375. 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 new Ordinary Shares to be issued pursuant to the Retail Offer will be issued free of all liens, charges and encumbrances and will, on Admission, rank pari passu in all respects with the new Ordinary Shares to be issued pursuant to the Placing and the Company's existing Ordinary Shares.
Terms used but not defined in this announcement have the same meaning as set out in the Company's announcement released at 7.01 a.m. on 20 January 2026.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.