Result of WRAP Retail Offer
Fundraising of £3.0 million completed via placing, subscription and retail offer at 14p per share.
- Gross proceeds raised £3.0 million
- Issue price per share 14 pence
- Total new shares issued 21,428,570
- Ordinary shares post-admission 89,663,372
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Inspiration Healthcare Group plc (AIM: IHC), the global medical technology company pioneering specialist neonatal intensive care medical devices, is pleased to confirm, further to the announcements made on 26 June 2024, the result of its capital raising at the Issue Price of 14 pence per share. The Company announces that it has raised aggregate gross proceeds of £0.5 million pursuant to the WRAP Retail Offer, alongside the previously announced Placing and Subscription (the "Fundraising" and together with the WRAP Retail Offer, the "Capital Raising"). Accordingly, the Company will issue a total of 3,571,428 new Ordinary Shares at the Issue Price pursuant to the WRAP Retail Offer.
In total, the Fundraising and the WRAP Retail Offer have raised gross proceeds of approximately £3.0 million for the Company, via the Fundraising of 17,857,142 Placing and Subscription Shares and the 3,571,428 WRAP Retail Offer Shares.
Admission and Total Voting Rights
Applications have been made for the Placing and Subscription Shares and the WRAP Retail Offer Shares to be admitted to trading on AIM ("Admission"). Admission is expected to become effective on or around 8.00 a.m. on 23 July 2024.
Upon Admission, the Company's issued ordinary share capital will consist of 89,663,372 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 89,663,372. 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.
Terms used but not defined in this announcement have the same meaning as set out in the Company's announcement released at 7.00 a.m. on 26 June 2024.
The Company's LEI is 213800GKFT3ENAPMDL15.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.