Result of WRAP Retail Offer
Oscillate Plc has successfully raised approximately £33,787 through its WRAP Retail Offer at an issue price of 22.5 pence per share, resulting in the issuance of 150,167 shares. This retail offer, combined with the placing and subscription, brings the total gross proceeds raised by the company to approximately £2.95 million. These funds will be utilized to advance exploration activities in Namibia, Botswana, and Côte d'Ivoire, with the company aiming to establish itself as a mid-cap copper and future-metals exploration and development group. Admission of the WRAP Retail Offer Shares to AIM is anticipated around April 27, 2026.
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Oscillate Plc, a company focused on building an independent copper and future metals developer, is pleased to confirm, further to the announcements made on 1 April 2026, the result of its retail offer via the Winterflood Retail Access Platform ("
WRAP
") ("
WRAP Retail Offer
")
at the Issue Price of 22.5 pence per WRAP Retail Offer Share. The Company announces that it has raised aggregate gross proceeds of approximately £33,787 pursuant to the WRAP Retail Offer. Accordingly, the Company will issue a total of 150,167 WRAP Retail Offer Shares at the Issue Price pursuant to the WRAP Retail Offer.
In total, subject to Admission to AIM, the Placing and Subscription and the WRAP Retail Offer have raised gross proceeds of approximately £2.95 million for the Company.
CEO Robin Birchall commented:
"We are delighted to have received this additional funding support. Retail shareholders are valuable to us, which is why it was important that we included a retail offer as part of the fundraise. We look forward to putting these funds to good use as we seek to prove the potential value of our prospective exploration tenements in Namibia, Botswana and Côte d'Ivoire. We would like to thank all participants for supporting our plan to create a mid-cap copper and future-metals exploration and development group."
Admission to AIM
Application will be made to the London Stock Exchange for the WRAP Retail Offer Shares to be admitted to trading on AIM ("
Admission
"). Admission is expected to become effective on or around 27 April 2026.
The WRAP Retail Offer Shares to be issued pursuant to the WRAP Retail Offer will be issued free of all liens, charges and encumbrances and will, on Admission, rank
pari passu
in all respects with the new Ordinary Shares to be issued pursuant to the Placing, the Subscription and the Company's existing Ordinary Shares.
The Company's LEI is 213800OGUKNP4BM2CS88.
Terms used but not defined in this announcement have the same meaning as set out in the Company's announcement released at 9:35 am 1 April 2026.
| Oscillate PLC/ Serval Resources Robin Birchall Cathy Malins | robin.birchall@servalresources.com +44 (0) 7711 313 019 cathy.malins@servalresources.com +44 (0) 7876 796 629 |
| AlbR Capital Limited (Corporate Adviser) | +44 (0) 207 469 0930 |
| SP Angel (Corporate Broker) Richard Morrison Charlie Bouverat | +44 (0) 203 470 0470 |
| Tavistock Communications (PR) Charles Vivian Eliza Logan | +44 (0) 20 7920 3150 servalresources@tavistock.co.uk |
| Winterflood Retail Access Platform Sophia Bechev, Kaitlan Billings | WRAP@winterflood.com +44 (0) 20 3100 0214 |
United States
" or "
US
This announcement is not an offer of securities for sale into the United States.
No public offering of securities is being made in the United States.
Winterflood
SP
Angel, which is authorised and regulated by the FCA in the United Kingdom, is acting Nominated Adviser to the Company in connection with the Placing. SP Angel has not authorised the contents of, or any part of, this announcement, and no liability whatsoever is accepted by SP Angel for the accuracy of any information or opinions contained in this announcement or for the omission of any material information. The responsibilities of SP Angel as the Company's Nominated Adviser under the Market Rules for Companies and the Market Rules for Nominated Advisers are owed solely to London Stock Exchange plc and are not owed to the Company or to any director or shareholder of the Company or any other person, in respect of its decision to acquire shares in the capital of the Company in reliance on any part of this announcement, or otherwise.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.