3rd Jul 2026 11:51
Ilika PLC - Romsey, England-based solid-state battery technology company - Raises around GBP5.1 million through an "oversubscribed" placing and director subscription, plus a retail offer at 28 pence per share. The placing and subscription raises GBP4.6 million and the retail offer GBP500,000. Proceeds will be used to support the commercial launch and ramp up of the small format Stereax technology, and the continued development and delivery of the large format Goliath technology, through to a position where it will be possible to secure commercial licensing agreements with commercial partners. "We thank investors, new and existing, for their support," says Chief Executive Graeme Purdy. "Stereax continues to be of great interest to active implantable medical device developers while the Goliath EV roadmap has reached an exciting intersection point with the urgent sovereign needs of the defence sector," he adds. Purdy's stake in Ilika rises to 0.5% after the subscription.
Current stock price: 28.55 pence. down 1.6% in London on Thursday
12-month change: down 31%
By Jeremy Cutler, Alliance News reporter
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