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LONDON - Caledonian Holdings PLC (AIM:CHP) announced Tuesday it has secured £1.05 million through a placing of approximately 30 billion new ordinary shares at 0.0035 pence per share to fund its investment strategy in the financial services sector.
The AIM-quoted investing company will issue the shares in two tranches: 8.58 billion shares in a firm placing utilizing existing authorities, and 21.42 billion shares in a conditional placing subject to shareholder approval at an upcoming general meeting.
Participants in the placing will receive one warrant for every two shares subscribed, resulting in nearly 15 billion warrants with an exercise price of 0.0075 pence and a two-year validity period from admission.
"We are delighted with the strong support received for this fundraise, which will enable us to accelerate our strategy of backing high-potential businesses in the financial services sector," said Jim McColl, Executive Director of Caledonian Holdings.
The company plans to use the proceeds to pursue investment opportunities, strengthen its executive team, and for general working capital purposes. The placing was supported by both existing shareholders and new investors.
Two current directors, Brent Fitzpatrick and Chris Cooke, along with former director Emma Wilson, have subscribed for a total of 957 million placing shares. Their participation constitutes a related party transaction under AIM rules.
In June 2025, Caledonian made its first investment under its revised strategy, putting £750,000 into AlbaCo Limited, acquiring a 2.7% interest in the Scottish bank focused on lending to small and medium-sized businesses.
The firm placing shares are expected to be admitted to trading on AIM around July 21, while the conditional placing shares would be admitted around August 7, subject to shareholder approval.
Peterhouse Capital Limited acted as sole broker for the placing, according to the company’s press release statement.
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