This Announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014 (which forms part of
domestic UK law pursuant to the European Union (Withdrawal) Act
2018) ("UK MAR")).
14 February 2024
Equipmake Holdings
PLC
("Equipmake" or the
"Company")
Result of Retail Offer
Further to the announcements dated
12 February 2024, Equipmake, the UK-based engineering specialist
pioneering the development and production of electrification
products across the automotive, aerospace, bus, and coach
industries, is pleased to announce that, following the closing of
the Retail Offer via the BookBuild Platform at 4.35 p.m. today,
1,836,696 new Ordinary Shares will be issued at a price of 6 pence
per Retail Offer Share in connection with the Retail Offer, raising
gross proceeds of £110,202.
Admission of Ordinary Shares
Application has been made for the
Retail Offer Shares, Non-VCT Placing Shares and Subscription
Shares, in aggregate 22,170,029 Ordinary Shares, to be admitted to
trading on the Aquis Apex exchange ("Admission"). Admission is expected to
commence at 8:00 a.m. on or around 16 February 2024.
The New Ordinary Shares will be
issued fully paid and will rank pari passu in all respects with the
Company's existing Ordinary Shares.
Upon Admission, the Company will
have 1,020,074,569 Ordinary Shares in issue. There are no shares
held in treasury. The total voting rights in the Company upon
Admission is therefore 1,020,074,569 and shareholders may use
this figure as the denominator by which they are required to notify
their interest in, or change to their interest in, the Company
under the Disclosure Guidance and Transparency Rules.
Capitalised terms used in this
announcement and not separately defined shall have the same
meanings as defined in the Company's announcement (Launch
Announcement) published at 13.:01 on 12 February 2024.
For
further information, please contact:
|
Equipmake
Ian Foley, Founder and
CEO
Steven McGillivray, CFO
|
Via St Brides Partners
|
|
Panmure Gordon (Corporate Adviser and Joint
Broker)
James Sinclair-Ford / Freddie Twist
/ Joseph Tan
Hugh Rich / Sam Elder
|
Tel: +44 (0)20 7886 2500
|
|
VSA
Capital Limited (Joint Broker)
Simon Barton / Simba Khatai / Alex
Cabral
|
Tel +44 (0)20 3005 5000
|
|
St
Brides Partners (Financial PR Adviser)
Susie Geliher / Paul
Dulieu
|
Tel: +44 (0)20 7236 1177
equipmake@stbridespartners.co.uk
|
|
|
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About Equipmake
Equipmake is the UK-based engineering
specialist pioneering the development and production of
electrification products which are used across the automotive,
aerospace and other sectors in support of the transition from
conventional fossil-fuelled to zero-emission
powertrains.
Equipmake produces ultra-high performance
electric motors and complete EV drivetrains and ultra-fast power
electronic systems. As well as developing proprietary technology -
such as an ultra-compact, lightweight high performance spoke motor
- it also offers bespoke R&D solutions.
Equipmake has developed a vertically integrated
solution providing fully bespoke solutions. The Company has
built a significant pipeline of opportunities, as demand for
electric vehicles increases as part of the global decarbonisation
movement.