Completion of Fundraising
Maintel Holdings Plc has successfully completed its fundraising, securing £5.5 million which will be used to strengthen its balance sheet, provide working capital for new projects, enhance tendering and procurement, and support its Transformation programme. Admission of 4,369,545 new Ordinary Shares to AIM is scheduled for 8:00 a.m. on June 23, 2026, at which point the company's total issued ordinary share capital will be 18,731,037 shares.
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Maintel is pleased to announce that, further to the announcement on 29 May 2026 that the Company had conditionally raised £5.5 million pursuant to the Fundraising, the Refinancing has now completed and save for Admission, all of the conditions to completion of the Fundraising have been satisfied.
Application has been made for 4,369,545 new Ordinary Shares to be admitted to trading on AIM. Since the conditions for completion of the Fundraising have been satisfied, Admission will now occur at 8.00 a.m. on 23 June 2026.
Following Admission, the issued ordinary share capital of the Company will comprise 18,731,037 Ordinary Shares with one voting right per share. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company is 18,731,037. This figure may be used by shareholders 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 share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Unless otherwise defined, all capitalised terms used but not defined in this announcement shall have the meaning given to them in the announcement of the Fundraising made by the Company at 7.00 a.m. on 13 May 2026.
For further information please contact: Maintel Holdings PLC Tel: 0344 871 1122 Dan Davies, Chief Executive Officer Gab Pirona, Chief Financial Officer Cavendish (Nomad and Broker) Tel: 020 7220 0500 Jonny Franklin-Adams / Seamus Fricker / Andrea Callaghan (Corporate Finance) Sunila de Silva (Corporate Broking) Hudson Sandler (Financial PR) Tel: 020 7796 4133 Wendy Baker / Nick Moore maintel@hudsonsandler.com
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Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.