Result of Retail Offer & Total Voting Rights
Windar Photonics PLC has announced the successful closure of its Retail Offer, which was significantly over-subscribed with applications exceeding £0.9 million, leading to an upsized Retail Offer of £245,000. The company has conditionally raised total gross proceeds of approximately £5.12 million. Following these transactions, the total number of ordinary shares and voting rights in the company will be 200,636,774 upon admission to trading on AIM, expected around 28 August 2026.
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Windar (AIM: WPHO), a wind energy technology company specialising in LiDAR‑based wind measurement and turbine performance optimisation, is pleased to announce that the Retail Offer has now closed, having been significantly over-subscribed with applications exceeding £0.9 million.
As announced at 6.36 p.m. on 26 August 2026 (the "Directors' Participation Announcement"), as a result of certain settlement mechanics, David Lis subscribed for 900,000 Retail Offer Shares which resulted in the Retail Offer being upsized to £245,000.
Accordingly, the Company has conditionally raised total gross proceeds of approximately £5.12 million pursuant to the Fundraising being the maximum available given existing share authorities.
The table below summarises David Lis' participation in the Retail Offer and further details are set out at the end of this announcement:
| Director | Existing beneficial shareholding | New Ordinary Shares subscribed for in the Retail Offer | Shareholding on Admission | Shareholding as a percentage of the enlarged share capital upon Admission |
|---|---|---|---|---|
| David Lis | 6,358,181 | 900,000 | 7,258,181 | 3.62% |
1 For the avoidance of doubt, this figure includes the 4,100,000 Ordinary Shares issued to David pursuant to the Directors' Intended Subscription as detailed in the Directors' Participation Announcement.
Admission and Total Voting Rights
Application has been made to London Stock Exchange plc for the admission to trading on AIM of the Retail Offer Shares together with the Placing Shares, the Direct Subscription Shares and the Director Shares ("Admission"). It is expected that Admission will become effective and dealings will commence at 8:00 a.m. on or around 28 August 2026.
Upon Admission, the Company's issued ordinary share capital will consist of 200,636,774 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 200,636,774. 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.
The Retail Offer Shares 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 Direct Subscription and the Directors' Intended Subscription and the Company's existing Ordinary Shares.
Capitalised terms used but not defined in this announcement have the meanings given to them in the Company's announcement released at 3:21pm on 24 August 2026.
| a) | Name | Windar Photonics PLC | ||||
| b) | LEI | 2138003JZZMKJGOOCR02 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of £0.01 each ISIN: GB00BTFR4F17 | ||||
| b) | Nature of the transaction | Subscription for new Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | 900,000 Ordinary Shares £45,000 | ||||
| e) | Date of the transaction | 28 August 2026 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.