Launch of WRAP Retail Offer
MedPal AI launches retail offer to raise up to £1m at 8p per share to fund Universal Pharmacy asset acquisition.
- Retail offer size up to £1,000,000
- Number of shares up to 12,500,000
- Issue price 8p per share
- Discount to mid-market closing price approximately 5.9%
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| Further to its announcement today of the acquisition of certain assets from Universal Pharmacy Ltd (in administration) which can be viewed here News article | London Stock Exchange, MedPal AI (AIM: MPAL), the digital health platform, is pleased to announce that it is undertaking a retail offer via the Winterflood Retail Access Platform ("WRAP") to raise up to £1,000,000 (the "WRAP Retail Offer") through the issue of up to 12,500,000 new Ordinary Shares (the "WRAP Retail Offer Shares") at 8p per share (the "Issue Price"). The Issue Price represents a discount of approximately 5.9 per cent. to the mid-market closing price of an Ordinary Share on 30 September 2025 (being the latest practicable date prior to this announcement). |
The proceeds of the WRAP Retail Offer will be used to progress the Company's strategy with regard to the recently announced acquisition of assets from Universal Pharmacy Ltd (in administration), which will enable MedPal AI to establish itself in the rapidly growing GLP-1 agonist market for obesity treatment, including drugs such as semaglutide (eg. Ozempic and Mounjaro).
For the avoidance of doubt, the WRAP Retail Offer is not part of the Placing announced separately by the Company.
The WRAP Retail Offer is conditional on the WRAP Retail Offer Shares being admitted to trading on AIM ("Admission"). It is anticipated that Admission will become effective and that dealings in the WRAP Retail Offer Shares will commence on AIM at 8.00 a.m. on 8 October 2025.
WRAP Retail Offer
Therefore, the Company is making the WRAP Retail Offer open to eligible investors in the United Kingdom, being new or existing shareholders of MedPal AI, following release of this announcement and through certain financial intermediaries.
A number of retail platforms are able to access the WRAP Retail Offer. Investors wishing to subscribe for WRAP Retail Offer Shares should contact their broker or wealth manager who will confirm if they are participating in the WRAP Retail Offer.
The WRAP Retail Offer is expected to close at 9.00 p.m. on 1 October 2025. Eligible retail investors should note that financial intermediaries may have earlier closing times. The result of the WRAP Retail Offer is expected to be announced by the Company on or around 2 October 2025.
There is a minimum subscription of £100 per investor under the WRAP Retail Offer. The terms and conditions on which investors subscribe will be provided by the relevant financial intermediaries including relevant commission or fee charges.
| MedPal AI plc Jason Drummond | www.medpalplc.com |
| Cairn Financial Advisers LLP Louise O'Driscoll/Jo Turner | +44 20 7213 0880 |
| Clear Capital Markets Limited Bob Roberts | +44(0) 20 3869 6080 |
| Winterflood Retail Access Platform Sophia Bechev, Kaitlan Billings | WRAP@winterflood.com +44(0) 20 3100 0214 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.