WRAP Retail Offer
MedPal AI Plc is launching a retail offer via WRAP to raise up to £200,000 through the issuance of up to 8,000,000 new Ordinary Shares at 2.5 pence per share, representing a discount to the previous day's closing price. This retail offer is in addition to a placing aiming to raise approximately £527,000 at the same issue price. The proceeds from both the retail offer and the placing will be used for the same purposes, and admission of the new shares to AIM is anticipated on March 26, 2026. The retail offer is conditional on the completion of the placing and is open to eligible UK investors, with a minimum subscription of £100.
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MedPal AI plc (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 £200,000 (the "WRAP Retail Offer") through the issue of up to 8,000,000 new Ordinary Shares of 0.02 pence each in the capital of the Company (the "WRAP Retail Offer Shares") at 2.5 pence per share (the "Issue Price"). The Issue Price represents a discount of approximately 13 per cent. to the mid-market closing price of an Ordinary Share on 19 March 2026 (being the latest practicable date prior to this announcement).
In addition to the WRAP Retail Offer and as announced by the Company on 20 March 2026, the Company is also undertaking a placing of new Ordinary Shares (the "Placing Shares" and together with the WRAP Retail Offer Shares, the "New Ordinary Shares") to raise approximately £527,000 (before expenses) through a bookbuild process (the "Placing") at the Issue Price.
The WRAP Retail Offer and the Placing are conditional on the New Ordinary Shares being admitted to trading on AIM ("Admission"). It is anticipated that Admission will become effective and that dealings in the New Ordinary Shares will commence on AIM, at 08.00 a.m. on 26 March 2026.
Sign up to WRAP Deal Notifications at: www.winterflood.com/wrap
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.
The Retail Offer is expected to close at 12.00 p.m. on 24 March 2026. Eligible retail investors should note that financial intermediaries may have earlier closing times. The result of the Retail Offer is expected to be announced by the Company on or around 24 March 2026.
There is a minimum subscription of £100 per investor under the 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(0) 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 |
The Company's LEI is 984500EDP8B0A14CBA61.
UK Product Governance Requirements
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.