Defence Holdings to Raise £4 Million through Share Placing
Defence Holdings PLC plans to raise up to £4 million by placing 400 million new shares at 1 pence each, a 24.81% discount. This capital will support working capital and strategic partnerships in the defense sector.
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Defence Holdings PLC is initiating a share placing to raise as much as £4 million by issuing up to 400 million new ordinary shares at 1 pence each. The share price reflects a 24.81% discount from the last closing price of 1.33 pence.
The process will be managed by Fortified Securities as the sole bookrunner, while Shard Capital Partners will serve as the settlement agent. An additional £1 million may be raised under the same terms if demand allows, with the offer closing at 20:30 today.
Proceeds will contribute to working capital and facilitate strategic partnerships within the defense industry. The company has suspended its at-the-market facility as of October 10, 2025, having raised £992,557.49 before this suspension. Defence Holdings anticipates announcing new contract wins shortly.
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