Result of Oversubscribed WRAP Retail Offer
Cadence Minerals plc has successfully raised approximately £450,000 in gross proceeds through an oversubscribed WRAP Retail Offer at an issue price of 4.5 pence per share, resulting in the issuance of 10 million new Ordinary Shares. This brings the total gross proceeds from the Placing, Subscription, and Retail Offer to approximately £2.25 million, with a total of 50 million new Ordinary Shares being issued. Upon admission to AIM, expected around October 1, 2026, the Company's total issued ordinary share capital will be 481,756,650 shares, all ranking pari passu.
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Cadence Minerals plc (AIM: KDNC) is pleased to confirm, further to the announcement made on 22 September 2026, the result of its Fundraise at the Issue Price of 4.5 pence per share. The Company announces that it has raised aggregate gross proceeds of approximately £450,000 pursuant to the Retail Offer, alongside the previously announced Placing and Subscription. Accordingly, the Company will issue a total of 10 million new Ordinary Shares at the Issue Price pursuant to the Retail Offer.
In total, the Placing and Subscription and the Retail Offer have raised gross proceeds of approximately £2.25 million for the Company, via the Placing and Subscription of 40 million Placing and Subscription Shares and the 10 million Retail Offer Shares.
Admission and Total Voting Rights
Applications have been made for the Retail Offer Shares to be admitted to trading on AIM ("Admission"). Admission is expected to become effective on or around 1 October 2026.
Upon Admission, the Company's issued ordinary share capital will consist of 481,756,650 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 481,756,650. 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, the Subscription 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 16:30 p.m. BST on 18 September 2026.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.