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LONDON - Time To ACT plc (AQSE:TTA), a company specializing in technology for the energy transition supply chain, has raised £274,000 through an equity fundraise, issuing 685,000 new ordinary shares at a price of 40p each. The announcement made today follows the subscription launch on May 15, 2025.
The company also reported the conversion of £60,618.94 of existing loan notes and accumulated interests into 151,546 new ordinary shares, also priced at 40p per share. This conversion is part of the company’s broader strategy to strengthen its balance sheet.
Chris Heminway, Executive Chairman of Time To ACT, participated in the transaction, subscribing for 50,000 shares through his company, Hephaestus Cleantech Limited, amounting to £20,000. Post-admission, Heminway is expected to hold an interest in 37.80% of the company’s ordinary shares. The directors, independent of the transaction, have deemed it fair and reasonable to the shareholders.
The new ordinary shares and conversion shares will be admitted to trading on the AQSE Growth Market, with admission anticipated around Thursday, May 22, 2025. These shares will rank equally with the existing ordinary shares and will be available in both certificated and uncertificated form.
Following the admission, Time To ACT’s issued share capital will consist of 14,805,016 ordinary shares. Shareholders can use this number as the denominator for notifications under the FCA’s Disclosure and Transparency Rules.
This announcement, which contains inside information, is based on a press release statement and is intended for informational purposes only. It does not constitute an offer to sell or issue or a solicitation to buy, subscribe for, or otherwise acquire shares in Time To ACT plc in any jurisdiction where such an offer or solicitation would be unlawful.
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