Retail Offer
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Getech (the "Company") is pleased to announce a retail offer via the BookBuild platform to raise up to £0.2 million (the "Retail Offer") through the issue of new ordinary shares of £0.0025 each in the capital of the Company ("Ordinary Shares"). Under the Retail Offer up to 10,000,000 new Ordinary Shares (the "Retail Offer Shares") will be made available at a price of 2 pence per share (the "Issue Price").
In addition to the Retail Offer and, as announced earlier today, the Company has conditionally raised £1.5 million (gross) through a placing and subscription of new Ordinary Shares (together with the Retail Offer Shares, the "New Shares") at the Issue Price.
The Issue Price represents a premium of approximately 11.11 per cent to the closing share price on 8 August 2024 of 1.8 pence per share (being the latest practicable date prior to the date of this Announcement).
A separate announcement has been made regarding the Placing and its terms and sets out the reasons for the Placing and use of proceeds. The proceeds of the Retail Offer will be utilised in the same way as the proceeds of the Placing.
The Placing, Subscription and Retail Offer are conditional, inter alia, upon the Shareholders passing the Resolution to be proposed at a general meeting of the company to be held at 10 a.m. on 27 August 2024 at the offices of Cavendish at One Bartholomew Close, London EC1A 7BL
The Retail Offer, Placing and Subscription are conditional, inter alia, on the New Shares being admitted to trading on the AIM market ("AIM") of the London Stock Exchange plc ("Admission"). It is anticipated that Admission will become effective and that dealings in the New Shares will commence on AIM, at 8.00 a.m. on 28 August 2024.
The Retail Offer is not part of the Placing or Subscription. Completion of the Retail Offer is conditional, inter alia, upon the completion of the Placing but completion of the Placing (and Subscription) is not conditional on the completion of the Retail Offer.
Capitalised terms used in this announcement have the meanings given to them in the Company's announcement regarding the Fundraising released earlier today, unless the context provides otherwise.
Expected Timetable in relation to the Retail Offer
| Retail Offer opens | 8.00 a.m. on 9 August 2024 |
| Latest time and date for commitments under the Retail Offer | 4.30 p.m. on 21 August 2024 |
| Results of the Retail Offer announced | 22 August 2024 |
| Admission and dealings in New Shares issued pursuant to the Retail Offer commence | 28 August 2024 |
| Dealing Codes | |
| Ticker | GTC |
| ISIN for the Ordinary Shares | GB00B0HZVP95 |
| SEDOL for the Ordinary Shares | B0HZVP9 |
Retail Offer
The Company values its retail Shareholder base and believes that it is appropriate to provide its existing retail shareholders in the United Kingdom the opportunity to participate in the Retail Offer. The Company is therefore making the Retail Offer available in the United Kingdom through the financial intermediaries which will be listed, subject to certain access restrictions, on the following website: https://www.bookbuild.live/deals/D1MGG1/authorised-intermediaries
The Retail Offer will be open to eligible investors in the United Kingdom at 8.00 a.m. on 9 August 2024. The Retail Offer is expected to close at 4:30 p.m. on 21 August 2024. Investors should note that financial intermediaries may have earlier closing times. The Retail Offer may close early if it is oversubscribed.
There is a minimum subscription of £250 per investor under the terms of the Retail Offer which is open to investors in the United Kingdom subscribing via the intermediaries which will be listed, subject to certain access restrictions, on the following website: https://www.bookbuild.live/deals/D1MGG1/authorised-intermediaries
| Situation: | Retail Offer | ||
| Issuer Name: | GETECH GROUP PLC | ||
| Security: | ORDINARY SHARES GBP0.0025 | ||
| Terms: | Retail Offer Raise Target: £200,000.00 Retail Offer Placing Shares: 10,000,000 Issue Price: GBX 2 | ||
| ISIN GB00B0HZVP95 | SEDOL B0HZVP9 | TITLE GETECH GROUP PLC PLC ORDINARY SHARES GBP0.0025 | SETTLEMENT TYPE CREST |
| Dates | Description | ||
| 8:00 a.m., 9 August 2024 | Deal open for orders | ||
| 4:30 p.m., 21 August 2024 | Deal closed for orders | ||
| 28 August 2024 | Admission date | ||
| 28 August 2024 | Settlement date | ||
| 12 September 2024 | Long stop date |
The Company's LEI is: 213800L36BCDMGT89738.
UK Product Governance Requirements
EU Product Governance Requirements
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