WRAP Retail Offer for up to £70,000
Physiomics raises up to £70,000 via retail offer and approximately £500,000 via placing at £0.005 per share.
- WRAP Retail Offer up to £70,000
- Placing approximately £500,000
- Issue price per share £0.005
- Discount to mid-market close approximately 37.5%
- WRAP Retail Offer Shares up to 14,000,000
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Physiomics plc (AIM: PYC), a leading mathematical modelling, data science and biostatistics company supporting the development of new therapeutics and personalised medicine solutions, is pleased to announce a retail offer via the Winterflood Retail Access Platform ("WRAP") to raise up to £70,000 (the "WRAP Retail Offer") through the issue of new ordinary shares of £0.004 each in the capital of the Company ("Ordinary Shares"). Under the WRAP Retail Offer up to 14,000,000 new Ordinary Shares (the "WRAP Retail Offer Shares") will be made available at a price of £0.005 per share.
In addition to the WRAP Retail Offer and as announced at 7.00 a.m. on 13 February 2025, the Company is also proposing a placing of new Ordinary Shares (the "Placing Shares" and together with the WRAP Retail Offer Shares, the "New Ordinary Shares") to raise approximately £500,000 (before expenses) through a bookbuild process (the "Placing") at a price of £0.005 per Placing Share (the "Placing Price"). The Placing Price represents a discount of approximately 37.5 per cent. to the mid-market closing price of an Ordinary Share on 12 February 2025 (being the latest practicable date prior to this announcement). The issue price of the WRAP Retail Offer Shares is equal to the Placing 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, on or around 8.00 a.m. on 18 February 2025.
WRAP Retail Offer
Therefore, the Company is making the WRAP Retail Offer open to eligible investors in the United Kingdom, being existing shareholders of Physiomics plc, following release of this announcement and through certain financial intermediaries.
The WRAP Retail Offer is expected to close at 11.00 a.m. on 17 February 2025. Eligible shareholders should note that financial intermediaries may have earlier closing times.
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.
It is a term of the WRAP Retail Offer that the total value of the WRAP Retail Offer Shares available for subscription at the Placing Price does not exceed £70,000, or such size as agreed by the Company.
The Company's LEI is 213800A71DSZ6ABMTQ91.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.