Result of Retail Offer
RC Fornax plc has conditionally raised approximately £2.32 million in gross proceeds through a fundraising that included a retail offer, issuing 38,697,131 new shares at an issue price of 6 pence per ordinary share. The retail offer, which closed today, involved 1,197,131 new shares. The fundraising is contingent on resolutions being passed at a General Meeting on December 5, 2025, with admission of the new shares to AIM expected around December 8, 2025. Following admission, the company's total issued share capital will be 95,942,718 ordinary shares.
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On 14 November 2025, RC Fornax (AIM: RCFX) announced the launch of a fundraising comprising a Placing in conjunction with a Retail Offer via RetailBook. The Retail Offer completed and closed at 7.30 a.m. today, with 1,197,131 New Shares to be issued at the Issue Price of 6 pence per Ordinary Share.
Following the close of the Retail Offer, the Company has conditionally raised gross proceeds of approximately £2.32 million at the Issue Price via the Fundraising. The Company will therefore issue and allot a total of 38,697,131 New Shares.
The Retail Offer is conditional upon the Fundraising resolutions being duly passed without amendment at the Company's General Meeting to be held on 5 December 2025 and Admission becoming effective at 8.00 a.m. on or around 8 December 2025, but in any event not later than the Longstop Date.
Capitalised terms used in this announcement shall, unless defined in this announcement or unless the context provides otherwise, bear the same meaning ascribed to such terms in the Company's announcement's released at 4.40 p.m. on 14 November 2025.
Admission and Total Voting Rights
Application will be made to the London Stock Exchange for the 38,697,131 New Shares to be admitted to trading on AIM. Admission is expected to take place and dealings in the New Shares are expected to commence at 8.00 a.m. on or around 8 December 2025, at which time it is also expected that the New Shares will be enabled for settlement in CREST. The New Shares will rank pari passu with the existing Ordinary Shares.
Following Admission, the Company's total issued share capital will consist of 95,942,718 Ordinary Shares, with no shares held in treasury. Therefore, on Admission, this figure may be used by Shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to 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.
References to times in this Announcement are to London time unless otherwise stated.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.