20th Mar 2025 12:00
RC FORNAX PLC
("RC Fornax" or the "Company")
Exercise of Warrants and Total Voting Rights
RC Fornax plc (AIM:RCFX), the UK-based, highly accredited engineering consultancy providing high-impact work package solutions for critical military platforms, announces that it has received a warrant exercise notice to subscribe for 1,396,234 new ordinary shares of £0.0025 each in capital of the Company ("Ordinary Shares") at the exercise price of £0.0025 per share.
Admission to Trading and Total Voting Rights
Application has been made to the London Stock Exchange plc for the admission of the 1,396,234 new Ordinary Shares to trading on AIM which is expected to become effective at 8:00 a.m. on or around 21 March 2025 ("Admission"). The new Ordinary Shares will rank pari passu with the existing Ordinary Shares.
Following Admission, the Company's total issued share capital will consist of 57,245,587 Ordinary Shares, with no shares held in treasury. Therefore, on Admission, this figure 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 to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
For additional information, please contact:
RC Fornax plc Paul Reeves - CEO Rob Shepherd - CFO
| |
Strand Hanson Limited (Nominated & Financial Adviser) Christopher Raggett Rob Patrick Harry Marshall
| +44 (0)20 7409 3494 |
Cavendish Capital Markets Limited (Broker) Carl Holmes / George Lawson - Corporate Finance Dale Bellis / Harriet Ward - Sales and ECM
| +44 (0)20 7908 6000 |
BlytheRay (Financial PR) Tim Blythe Megan Ray Said Izagaren | +44 (0)20 7138 3204 |
About RC Fornax
RC Fornax is an established, highly accredited engineering consultancy, formed to define and execute engineering design projects under Statements of Work (SoW), enhancing and augmenting customer capabilities while improving project efficiency. A rapid growth, market-disruptive, solutions provider in the defence sector, RC Fornax was founded by two ex-RAF engineers who spotted deficiencies in the existing outsourced contract defence market. By leveraging this experience, RC Fornax aims to become a challenger to the industry and establish itself to be a best-in-class provider of services to the UK defence sector, by offering a wider range of expertise and capabilities, with an initial focus on systems, software and hardware engineering.
By utilising a well-established associate community approach to augment core capabilities, RC Fornax defines and executes engineering design projects under Statements of Work. Services are provided with the aim of supporting the whole product lifecycle with expertise of systems, software, and hardware engineering of high complexity and high integrity platforms.
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