26 September 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 26 September 2024, in response to investor demand it has raised additional gross proceeds of an aggregate of approximately £0.15 million by way of an additional direct subscription with the Company for an aggregate of 118,110 new ordinary shares (the "Additional Subscription Shares") at a price of 127.0 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 1 October 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 21,555,594 ordinary shares in issue. No ordinary shares are held in treasury. The figure of 21,555,594 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 earlier announcement of the Subscription on 26 September 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 |
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To find out more, please visit: www.onwardopportunities.co.uk
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