Onward Opportunities Limited Additional Subscription and Total Voting Rights
December 06 2024 - 1:00AM
RNS Regulatory News
RNS Number : 0457P
Onward Opportunities Limited
06 December 2024
6 December 2024
Onward Opportunities
Limited
("Onward
Opportunities" or the "Company")
Additional Subscription and Total Voting
Rights
Onward Opportunities Limited, the UK smaller
company focussed investment company, is pleased to announce that,
further to the announcement of 7.00 a.m. on 4 December 2024, in
response to investor demand it has raised additional gross proceeds
of an aggregate of approximately £0.27 million by way of an
additional direct subscription with the Company for an aggregate of
228,768 new ordinary shares (the "Additional Subscription Shares")
at a price of 119.75 pence per Additional Subscription
Share.
Pursuant to the Additional Subscription,
application has been made for all Subscription Shares to be
admitted to trading on AIM ("Admission"). Admission is expected to
occur at 8.00 a.m. on or around 9 December 2024 and the
Subscription Shares will, on issue, rank pari passu in all respects with the
Company's existing ordinary shares.
Total Voting
Rights
On Admission, the Company will have a total of
23,979,754 ordinary shares in issue. No ordinary shares are held in
treasury. The figure of 23,979,754 may be used by the Company's
shareholders as the denominator in the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the Financial
Conduct Authority's Disclosure Guidance and Transparency
Rules.
Capitalised terms used but not otherwise
defined in this announcement shall have the meanings set out in the
Company's announcement of the Subscription at 7.00 a.m. on 4
December 2024.
FOR FURTHER
ENQUIRIES:
|
Onward
Opportunities Limited
Andrew Henton, Chairman
|
Tel: +44 (0)20 3416
9143
hello@dowgate.co.uk
|
|
Dowgate Wealth
Limited (Portfolio Manager)
Laurence Hulse, Investment Director
|
Tel: +44 (0)20 3416
9143
hello@dowgate.co.uk
|
|
Cavendish
Capital Markets Limited (Nominated Adviser and Joint
Broker)
Ben Jeynes / Camilla Hume / Dan Hodkinson /
Hamish Waller (Corporate Finance)
Chris West / Charlie Combe (Sales and
ECM)
|
Tel: +44 (0) 207 220
0500
|
|
Dowgate
Capital Limited (Joint Broker)
Russell Cook / Nicholas Chambers
|
Tel: +44 (0)20 3903
7715
|
|
|
|
To find out more, please visit:
www.onwardopportunities.co.uk
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END
IOEUPGMAPUPCUWQ
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