Issue of Equity
Gfinity PLC has successfully raised an additional £75,000 through a further subscription at 0.04 pence per new Ordinary Share, bringing the total funds raised from this subscription and a prior one to £1,000,000 before expenses. These proceeds will be allocated to the commercialisation of CIQ, new business opportunities, and general working capital. In total, 2,500,000,000 new Ordinary Shares will be issued, and upon admission, expected around 22 September 2026, the Company's total issued share capital will be 8,436,308,108 Ordinary Shares.
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As announced on 8 September 2026, the Board of Gfinity plc had, conditional on Admission, raised £925,000,000 through a Company arranged subscription ("Subscription") at a price of 0.04 p per new Ordinary Share ("Issue Price"). The Company has received an additional subscription on the same terms in respect of a further £75,000 at the Issue Price which the Company has accepted ("Further Subscription"). The proceeds (before expenses) from the Further Subscription will also be used to continue the ongoing commercialisation of CIQ, new business opportunities and provide general working capital.
In aggregate therefore, pursuant to the Subscription and the Further Subscription, the Company has raised £1,000,000 (before expenses) through a direct Subscription for a total of 2,500,000,000 new Ordinary Shares ("Total Subscription Shares"), conditional on admission, at the Issue Price.
The Total Subscription Shares will, when issued, rank pari passu in all respects with the existing Ordinary Shares. Application will be made for admission to trading on AIM of the Total Subscription Shares and which is expected to take place on or around 22 September 2026.
Total Voting Rights
Following the issue of the Total Subscription Shares, the Company's total issued share capital will consist of 8,436,308,108 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury and accordingly there are no voting rights in respect of any treasury shares.
On Admission, the abovementioned figure of 8,436,308,108 Ordinary Shares 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, Gfinity under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Other information
A copy of this announcement is available at the Company's website: www.gfinityplc.com
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.