Time to ACT plc announces equity fundraise at 40p per share

LONDON - Time to ACT plc (AQSE:TTA), a technology group specializing in the energy transition supply chain, has declared its intention to raise a minimum of £264,000 through an equity fundraise. The company plans to issue new ordinary shares at a price of 40p each to institutional and other investors. The proceeds from the fundraise will be allocated to support the company’s business plan and provide general working capital.

The equity fundraise was initiated immediately following the announcement on Thursday, with the final number of shares to be determined at the close of the fundraise at 4:00pm on Friday, 16 May 2025. The results will be disclosed promptly after the conclusion.

Time to ACT aims to admit the new ordinary shares to trading on the AQSE Growth Market, with expectations for this to occur around Wednesday, 21 May 2025. These shares will be on par with the existing ordinary shares and will be available in both certificated and uncertificated forms, facilitating transactions through the CREST system post-admission.

Time to ACT operates through its two main businesses, Diffusion Alloys and GreenSpur. Diffusion Alloys focuses on diffusion coatings, essential for protecting metal components in extreme environments like those in hydrogen and nuclear energy generation. The company has partnered with Johnson Matthey (LON:JMAT) plc to scale up production to meet growing demands for low carbon hydrogen. GreenSpur, on the other hand, has developed a generator design that eliminates the need for Rare Earth magnets, addressing supply chain constraints associated with these critical components in electrical generators and motors.

The announcement contains inside information for the purposes of the UK Market Abuse Regulation, and the directors of Time to ACT have taken responsibility for this announcement’s contents. This fundraising initiative is based on a press release statement and does not constitute an offer to sell or issue or solicitation to buy shares in any jurisdiction where such an offer would be unlawful.

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