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Further Subscription and Issue of Equity

Announcement provided by

Wheelsure Holdings plc · WHLP

17/03/2021 07:00

Further Subscription and Issue of Equity Business Wire



17 March 2021

Wheelsure Holdings plc

(“Wheelsure” or the “Company”)

Further Subscription and Issue of Equity

Wheelsure announces that, further to the fundraising announced on 12 March 2021, it has raised approximately £25,000 by way of a further subscription for 185,185 new ordinary shares (“Subscription Shares”) at a price of 13.5 pence per share (“Subscription”). The proceeds of the Subscription will also be used for general working capital purposes.

The Subscription has been undertaken by Larpent Newton Holdings Limited, an existing shareholder of the Company which will, on Admission, hold approximately 4.94 per cent. of the Company’s enlarged issued share capital.

Application has been made for the admission of the Subscription Shares to trading on the AQSE Growth Market ("Admission"). It is ‎expected that Admission will take place at or around 8.00 a.m. (London time) on or around 22 March 2021. The Subscription Shares will, when issued, be credited as fully paid and will rank pari passu in all respects ‎with the Company’s existing issued ordinary shares.

Total Voting Rights

Following Admission of the Subscription Shares, the Company's issued share capital will consist of 3,953,428 ordinary shares. This number may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules. The Company does not hold any shares in treasury.

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).


Wheelsure Holdings plc


01525 840 557

Gerhard Dodl, CEO






Cairn Financial Advisers LLP


020 7213 0885

Jo Turner / Liam Murray



About Wheelsure Holdings

Wheelsure Holdings plc is a holding company for a Group which develops and commercialises innovative products that meet safety needs throughout the world.

Wheelsure Holdings Plc

Source: Wheelsure Holdings Plc

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