Result of Placing
Tap Global Group PLC has successfully conditionally raised £1.0 million before expenses through the issue of 100,000,000 Placing Shares at 1.0 penny per share, with the placing being heavily oversubscribed. Trading in the Company's Ordinary Shares is expected to resume at 7:30 a.m. today, 22 September 2026, following the closure of the Capital Access Window. The Chief Executive Officer subscribed for 17,500,000 Placing Shares, and the Company will issue Broker Warrants to subscribe for 2,000,000 new Ordinary Shares. Application has been made for the admission of the 100,000,000 Placing Shares to trading on AIM, expected on 25 September 2026, after which the Company will have 844,609,624 Ordinary Shares in issue.
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Tap Global Group plc (AIM: TAP), the innovative digital finance hub that brings money, payments and crypto settlement services together in a single user-friendly app, is pleased to announce that, further to the announcement published on 18 September 2026 regarding the Placing (the “Launch Announcement”), it has conditionally raised £1.0 million (before expenses) by way of the issue of 100,000,000 Placing Shares at the Placing Price of 1.0 penny per Placing Shares. The Placing was heavily oversubscribed.
Closure of Capital Access Window
The Company confirms that the Capital Access Window announced on 18 September 2026 has closed following completion of the Placing. Accordingly, the suspension of trading in the Company's Ordinary Shares will be lifted and trading will resume at 7:30 a.m. today, 22 September 2026.
Director participation in the Placing
Arsen Torosian, Chief Executive Officer, has subscribed for 17,500,000 Placing Shares at the Placing Price and, following Admission, will hold 459,981,185 Ordinary Shares, representing 54.5 per cent. of the enlarged issued share capital of the Company.
Issue of Warrants
In connection with the Placing, the Company has agreed on Admission to issue the Broker Warrants. The Broker Warrants will grant Cavendish the right to subscribe for 2,000,000 new Ordinary Shares within 60 months following Admission at a subscription price equal to the Placing Price.
Admission
Application has been made to the London Stock Exchange for admission of the 100,000,000 Placing Shares to trading on AIM. Admission is expected to occur at 8.00 a.m. on 25 September 2026 (or such later time(s) and/or date(s) as Cavendish and the Company may agree).
Following Admission, the Company will have 844,609,624 Ordinary Shares in issue. This figure of 844,609,624 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change of their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Arsen Torosian, Group CEO and Co-Founder, commented:
“The successful Placing marks an important step in our strategy to build a unique income-generating digital asset treasury, enabling Tap to begin accumulating assets at what we believe are attractive levels while generating income through a proven Tap Earn product. I was pleased to participate in the Placing personally, alongside other investors, reflecting my confidence in the strategy and the opportunity ahead.
With over US$5.6 million of digital asset deposits already generating income through Tap Earn, we are building on an established revenue-generating platform to create a differentiated digital asset treasury. We look forward to putting the funds raised to work and continuing to build what we believe can become the UK’s largest income-generating digital asset treasury.”
Investor website: www.investor.tap.global
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.