LONDON - Aurrigo International plc (AIM: AURR), a company specializing in transport technology solutions, has announced a retail offer to raise up to £300,000 through the Winterflood Retail Access Platform (WRAP). This offer is a part of a broader fundraising strategy that includes a separate Placing aimed at raising a minimum of £5 million, as disclosed on the same day.
The retail offer involves up to 681,818 new Ordinary Shares available to eligible retail investors at 44 pence per share, a 7.4 percent discount to the closing price as of December 10, 2024. The company aims to use the proceeds to expedite its strategic plans.
This retail initiative is contingent upon the shares being admitted to trading on the AIM Market and the approval of certain shareholder resolutions at a General Meeting scheduled for January 6, 2025. The expected admission and commencement of trading on AIM for the Retail Offer Shares is January 8, 2025.
Eligible retail investors are encouraged to contact their brokers or wealth managers to participate, with the offer set to close at noon on December 13, 2024. It should be noted that financial intermediaries may set earlier deadlines. The outcome of the retail offer is anticipated to be announced around the same date.
Investors are reminded that participation in the retail offer involves risks, including the potential loss of the entire investment. The minimum subscription per investor is set at £100, and the terms, including any commission or fees, will be provided by the participating financial intermediaries. The company also reserves the right to adjust the size of the offer and to reject any application without explanation.
The Retail Offer Shares, once issued, will be fully paid and eligible for all dividends and other distributions declared after the date of issue. The offer is available exclusively in the United Kingdom (TADAWUL:4280), exempt from the requirement to publish a prospectus under certain sections of the Financial Services and Markets Act 2000 (FSMA).
This announcement is based on a press release statement and does not constitute an investment recommendation or advice. Prospective investors should seek independent advice if they have any doubts about investing in the company. It is also important to note that the value of investments can fluctuate, and past performance is not indicative of future results.
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