Placing of £0.37 Million
Tekcapital plc announced a placing of 3,569,048 new ordinary shares at a price of 10.5p per share, raising US$0.5 million (£0.37 million). An existing shareholder subscribed for these shares, providing the company with additional resources to pursue its investment strategy. Application has been made for the placing shares to be admitted to trading on AIM, expected around 16 October 2025. Following the issue of these shares, the total number of ordinary shares in issue with voting rights will be 238,328,525.
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Tekcapital Plc (AIM: TEK) the UK intellectual property investment group focused on creating valuable products that can improve people's lives, announces that an existing shareholder in the Company has subscribed for 3,569,048 new ordinary shares in the Company ("Placing Shares") at the closing price on 10 October 2025, being 10.5p per Placing Share. The subscription monies will provide the Company with additional resources with which to pursue its investment strategy.
Admission and Total Voting Rights
Application has been made for the Placing Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on or around 16 October 2025.
Following the issue of the 3,569,048 Placing Shares, which, on Admission, will rank pari passu with the existing Ordinary Shares, the total number of Ordinary Shares in issue with voting rights in the Company will be 238,328,525. There are no shares held in treasury.
The above figure of 238,328,525 Ordinary Shares may therefore be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Clifford M. Gross Ph.D., Executive Chairman of Tekcapital plc commented:
"We are very grateful for the continued support of one of our existing shareholders who is keen to increase his investment in the Company at no discount to the prior day's closing price."
Clifford M. Gross, Ph.D.
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