Result of WRAP Retail Offer
WRAP Retail Offer raised £0.155 million; total fundraise proceeds now £5.38 million.
- WRAP Retail Offer gross proceeds £0.155 million
- New Ordinary Shares issued 488,216
- Total fundraise gross proceeds £5.38 million
- Total issued ordinary share capital post-Admission 67,125,375
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| Wellnex Life Limited (AIM: WNX | ASX: WNX), an Australian incorporated innovative brand and distribution company with a driven focus on consumer-centric health and wellness products, confirms that further to the announcement made on 19 March 2025, that it has raised aggregate gross proceeds of £0.155 million (A$0.317 million) pursuant to the WRAP Retail Offer. Accordingly, the Company will issue a total of 488,216 new Ordinary Shares at the Issue Price pursuant to the WRAP Retail Offer. |
In total, the Fundraise and the WRAP Retail Offer have raised gross proceeds of approximately £5.38 million (A$11.0 million) for the Company.
George Karafotias, Chief Executive officer of Wellnex Life, said "My colleagues and I are excited by the opportunities for the Company arising from its listing on AIM and are grateful to the investors who have chosen to support us, including our new shareholders who have partaken in the WRAP Retail Offer, demonstrating additional support from private investors in the UK.
"It has been a long process but following the recent settlement of the deferred consideration for Pain Away, we can pursue new business development opportunities with a significantly stronger balance sheet. I look forward to providing our shareholders with further updates as we work towards our goal of becoming a major participant in the global consumer health market. "
Admission and Total Voting Rights
Application has been made for the WRAP Retail Offer Shares to be admitted to trading on AIM ("Admission"). Admission is expected to become effective on 28 March 2025.
Upon Admission, the Company's issued ordinary share capital will consist of 67,125,375 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, from Admission the total number of Ordinary Shares and voting rights in the Company will be 67,125,375. With effect from Admission, this figure may be used by Shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules and the provisions of the Company's constitution.
Terms used but not defined in this announcement have the same meaning as set out in the Company's announcement released at 01:14 p.m. on 19 March 2025.
The Company's LEI is 2138001FL9C36DUOUX55.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.