Ilika plc (LON:IKA), an independent global expert in solid-state battery technology, has announced a proposed conditional placing of up to 6,071,428 new ordinary shares of one penny each in the capital of the Company at a price of 28 pence per Placing Share to raise gross proceeds of approximately £1.7 million.
The Placing Shares represent approximately 3.8 per cent. of the existing issued ordinary share capital of the Company (the “Existing Ordinary Shares”) and the Issue Price represents a discount of approximately 5.1 per cent. to the closing mid-market price of 29.5 pence per Existing Ordinary Share on 9 May 2024, being the latest practicable date prior to the publication of this Announcement.
