Augmentum Fintech plc Share Offer
This offer is now closed for applications through interactive investor
Results of the Initial Issue
- The Issue Price was set at 135.5 pence per new Ordinary Share
- Augmentum Fintech plc (AUGM) has successfully raised gross proceeds of £55 million.
- Applications have been made to the London Stock Exchange for 40,590,406 Ordinary Shares to be admitted to trading on the London Stock Exchange's main market.
- Demand exceeded both the target issue size and the maximum issue size and applications have been scaled back.
- We have allocated shares on a pro-rata basis across all customer applications in line with the allocation received from AUGM.
- Customers will receive approximately 40% of the amount applied for rounded down to the nearest whole share.
- Share allocations and uninvested cash are being credited today (Friday 9 July 2021). Confirmation of allocations will be sent once the shares and refunds are showing on accounts
- Please note the allocation policy was set by AUGM and not Interactive Investor.
Offer period
- The Offer Period for the Augmentum Fintech plc Share Offer closed at 1pm on Thursday 8 July 2021.
Trading starts
- Admission and unconditional dealing in the new Ordinary Shares is expected to commence at 8am on Tuesday 13 July 2021. There is no conditional dealing period.
- When admitted to trading, the new Ordinary Shares will be registered with SEDOL (Stock Exchange Daily Official List) number BG12XV8 and trade under the symbol "AUGM".
- If you buy or sell Augmentum Fintech plc Shares after admission the relevant share dealing rate will apply.
Neil England, Chairman of Augmentum, commented:
"Augmentum remains unique as the UK’s only listed specialist fintech investment trust. This is our third successful raise since our IPO in March 2018, and the Board and I are pleased that the demand for the Initial Issue has significantly exceed both our original target of £40 million and the maximum size of £55 million. I would like to thank our existing shareholders for their support and welcome the many new investors that have participated in this fundraise."
Key information
| Issue price per share: | 135.5 pence |
| Minimum investment: | £1,000 (multiples of £1 thereafter) |
| Stock ticker: | AUGM |
| SEDOL: | BG12XV8 |
Expected timetable
| Offer open: | 17 June 2021 |
| Offer close: | 8 July 2021 (1pm) |
| Result announced: | 9 July 2021 |
| Unconditional dealing starts: | 13 July 2021 (8am) |
This video is the property of Augmentum Fintech plc and has been reproduced with their kind permission.
This website is issued by, and is the sole responsibility of, Interactive Investor Services Limited. This website is an advertisement and not a Prospectus. Any application to participate in the Offer can and will only be made on the basis of the Prospectus, together with any supplements thereto.
Interactive Investor Services Limited uses the Augmentum Fintech plc Prospectus in accordance with the Company's consent and the conditions set out in the Augmentum Fintech plc Prospectus.
Investing in IPOs carries a high degree of risk. If you are unsure of the suitability of an investment please seek Financial Advice. You are not guaranteed to make a profit, the value of your investments can go down as well as up. You may not get back all the money you invest. Any notification of an IPO on our website is not an endorsement of the issue, nor is it solicitation for interest in the issue. Investment in the Company should not be regarded as short-term in nature. You should consider carefully all of the information set out in the Offer documents, including all the risks attached to investing in the Company before you apply.
"Augmentum Fintech plc" and the Augmentum Fintech plc logo are registered trademarks of Augmentum Fintech plc. Reproduced by kind permission of Augmentum Fintech plc. All rights reserved.
This announcement has been published by Interactive Investor Services Limited.
This announcement has been prepared and is the sole responsibility of Interactive Investor Services Limited of Exchange Court, Duncombe Street, Leeds, LS1 4AX, which is an authorised person for the purposes of the Financial Services and Markets Act 2000.