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LONDON - Tasty plc (AIM:TAST) announced on Friday a retail offer of new ordinary shares to raise up to £1 million, alongside a separate £9.25 million fundraising through a conditional placing and subscription.
The retail offer will issue new shares at 0.5 pence each, representing a 13.9 percent discount to the company’s three-month volume weighted average price of 0.58 pence per share as of July 31, 2025.
The retail offer is open to eligible existing and new retail shareholders in the United Kingdom (TADAWUL:4280) through financial intermediaries listed on the BookBuild platform. Cavendish Capital Markets Limited is acting as the retail offer coordinator.
The retail offer opened on August 1 and is expected to close at noon on August 6, 2025, though it may close earlier if oversubscribed. Admission of the retail offer shares to trading on AIM is expected on August 22, 2025.
Completion of the retail offer is conditional upon the completion of the separate placing and subscription, as well as shareholder approval of certain resolutions at a General Meeting scheduled for August 21, 2025.
According to the company’s statement, proceeds from the combined fundraising will be used to pursue a revised growth strategy, which the board believes will provide opportunities to grow sales and increase shareholder value through both organic and inorganic growth.
The retail offer is not part of the placing or subscription, and completion of those elements is not conditional on the retail offer’s completion.
Tasty plc made the announcement via a regulatory news service statement.
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