EU and US could reach trade deal this weekend - Reuters
LONDON - AFC Energy plc (AIM:AFC) announced on Wednesday a retail offer of new ordinary shares at £0.10 per share, representing a 26.3% discount to the closing mid-price on July 16, 2025.
The retail offer is being conducted via RetailBook alongside a separate institutional placing and director subscription. Retail investors can participate through RetailBook’s partner network, which includes AJ Bell, Hargreaves (LON:HRGV) Lansdown and interactive investor, with a minimum subscription of £50.
Applications can be made through tax-efficient vehicles such as ISAs and SIPPs, as well as General Investment Accounts. The offer is available to both existing shareholders and new investors, with no commission charged by RetailBook on applications.
The retail offer is conditional on shareholder approval at a General Meeting scheduled for August 7, 2025. If approved, admission of the retail offer shares to trading on AIM is expected around August 8, 2025.
According to the company’s statement, proceeds from the retail offer will be used for general corporate purposes. The company indicated it values its retail shareholder base and believes providing this opportunity to participate is in the best interests of shareholders and stakeholders.
The retail offer is expected to close at 2 p.m. on July 21, 2025, but may close earlier if oversubscribed or at the company’s discretion. The company reserves the right to scale back any order at its discretion.
The aggregate value of shares available for subscription is capped at £5 million, though this amount may be increased at the company’s discretion.
This announcement was based on a press release statement from AFC Energy.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.