Result of Placing and Posting of Circular
Rosslyn Data Technologies plc has conditionally raised approximately £1.1 million through a placing of 36,405,687 shares at 2.0 pence per share, alongside the issue of 2026 Convertible Loan Notes, and is also undertaking a retail offer to raise up to £0.25 million. Directors and substantial shareholders are participating in the fundraising, with the independent director confirming the terms are fair and reasonable. The conditional placing, convertible loan notes, fee shares, and retail offer are subject to shareholder approval at a General Meeting, with first admission of firm placing shares expected on March 31, 2026, and second admission for conditional shares on April 14, 2026.
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Rosslyn (AIM: RDT), the provider of a leading cloud-based enterprise data analytics platform, is pleased to announce that, further to the announcement made on 25 March 2026 regarding the Fundraising (the "Launch Announcement"), it has conditionally raised approximately £1.1 million (before expenses) via the placing of 36,405,687 Placing Shares (comprising 7,399,000 Firm Placing Shares and 29,006,687 Conditional Placing Shares) at the Issue Price of 2.0 pence per share and the issue of the 2026 Convertible Loan Notes.
In addition, a retail offer via Bookbuild platform to raise up to £0.25 million was announced and opened to eligible investors in the United Kingdom at 5.20 p.m. on 26 March 2026 (the "Retail Offer Announcement"). It is expected that the Retail Offer will be closed at 12.00 p.m. on 31 March 2026. Further information of the Retail Offer can be found in the Retail Offer Announcement.
Directors, PDMR and Substantial Shareholders' participation in the Fundraising
Further to the Launch Announcement, James Appleby and John Chessher as Directors of the Company have confirmed their intention to subscribe for 3,000,000 Placing Shares and 1,000,000 Placing Shares respectively, and Canaccord has conditionally subscribed for £175,000 of the 2026 Convertible Loan Notes.
In addition, the following PDMR and certain substantial shareholders (as defined in the AIM Rules) have conditionally subscribed for, in aggregate, 18,000,000 Placing Shares at the Issue Price, as follows:
| Name | Number of Existing Ordinary Shares | Number of Placing Shares subscribed for | Number of Ordinary Shares held on Admission | Expected % of Enlarged Issued Share Capital |
|---|---|---|---|---|
| Ed Riddell Finance D irector | Nil | 500,000 | 500,000 | 0.39% |
| First Equity Limited | 10,680,000 | 10,000,000 | 20,680,000 | 16.16% |
| Bottomley Family | 8,425,000 | 7,500,000 | 15,925,000 | 12.44% |
Related Party Transactions
The participation in the Fundraising by James Appleby and John Chessher as Directors of the Company, and by Canaccord, First Equity Limited and the Bottomley Family as substantial shareholders (the "Related Parties") constitute related party transactions for the purposes of Rule 13 of the AIM Rules for Companies.
The independent Director of the Company (being Paul Watts), having consulted with Cavendish, the Company's nominated adviser, confirms that the terms of the transaction by each of the Related Parties are fair and reasonable insofar as Shareholders are concerned.
General Meeting
The Conditional Placing, the issue of the 2026 Convertible Loan Notes, the issue of the Fee Shares and the Retail Offer are conditional on, inter alia, the passing of the Resolutions by Shareholders at the General Meeting, notice of which is set out at the end of the Circular.
The Circular, including the Notice of General Meeting, is being posted to Shareholders today and is available on the Company's website at https://www.rosslyn.ai/investors.
Admission, settlement and dealings
Application has been made to the London Stock Exchange plc for the admission of the Firm Placing Shares to trading on AIM and it is expected that First Admission will occur at 8.00 a.m. on 31 March 2026.
Subject to the passing of the Resolutions, application will be made to the London Stock Exchange for the admission of the Conditional Placing Shares, the Fee Shares and the Retail Offer Shares to trading on AIM. Second Admission is expected to occur at 8.00 a.m. on 14 April 2026 or such later time and/or date as Cavendish and the Company may agree (being in any event no later than 8.00 a.m. on 28 April 2026).
Capitalised terms in this announcement shall have the same meaning as in the Circular.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.