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LONDON - Mulberry Group plc (AIM:MUL) announced Thursday a retail share offer for existing shareholders through RetailBook, allowing them to purchase new ordinary shares at £0.975 per share.
The luxury fashion company is offering up to 1,259,610 new ordinary shares, with a minimum subscription of £250 per investor. The offer price represents the closing mid-price of Mulberry’s shares on July 9, 2025.
The retail offer follows Mulberry’s earlier announcement of a £20 million fundraising through convertible loan notes subscribed by major shareholders Challice Limited and Frasers Group PLC.
Eligible shareholders can participate through RetailBook’s partner network, which includes AJ Bell, Hargreaves (LON:HRGV) Lansdown, and interactive investor. Applications can be made through ISAs, SIPPs, or general investment accounts.
The retail offer is conditional on shareholder approval at a general meeting scheduled for July 30, 2025, and admission of the new shares to trading on AIM, expected on July 31, 2025.
According to the company, the net proceeds from both the fundraising and retail offer will support targeted investments to accelerate future growth and help meet medium-term financial targets.
The retail offer is expected to close at 12 p.m. on July 18, 2025, but may close earlier if oversubscribed or at the company’s discretion. The total value of shares available under the offer is capped at £1.23 million.
The company stated in its press release that it values its existing shareholder base and believes the retail offer provides shareholders the opportunity to maintain their respective stakes in the company.
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