Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Result of Placing

10th Jul 2025 07:00

RNS Number : 4489Q
London BTC Company Limited
10 July 2025
 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR IN OR INTO ANY OTHER JURISDICTION WHERE TO DO SO WOULD BREACH ANY APPLICABLE LAW OR REGULATION.

 

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE AN OFFER FOR SALE OR SUBSCRIPTION OF ANY SECURITIES IN THE COMPANY. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES OF LONDON BTC COMPANY LIMITED IN ANY JURISDICTION WHERE TO DO SO WOULD BREACH ANY APPLICABLE LAW OR REGULATION.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (596/2014/EU) AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 AS AMENDED ("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, SUCH INFORMATION WILL NO LONGER CONSTITUTE INSIDE INFORMATION.

 

 

10 July 2025

 

London BTC Company Limited

(or the "Company")

 

Result of Placing

London BTC Company Limited (BTC:L), the London Stock Exchange Main Market-listed Bitcoin treasury company with active mining operations across the United States and Canada, is pleased to confirm, further to the announcements made on 9 July 2025, that it has raised aggregate gross proceeds of £1,500,000. Accordingly, the Company will issue 11,538,462 new ordinary shares of no par value ("Ordinary Shares") at a price of 13p per share (the "Issue Price").

Hewie Rattray, CEO of London BTC Company, commented: "We have raised a further £1.5 million to continue building our Bitcoin treasury. The additional capital allows us to stay active in the market and further align our balance sheet with our long-term conviction to Bitcoin."

Admission and Total Voting Right

Applications will be made for the new Ordinary Shares to be admitted to trading on the Main Market of the London Stock Exchange plc ("Admission"). Admission is expected to become effective on or around 16 July 2025.

Upon Admission of the new Ordinary Shares being announced today along with the issue of Ordinary Shares announced on 04 July 2025, the Company's enlarged issued share capital will consist of 347,413,515 Ordinary Shares, each carrying one voting right. The Company does not hold any Ordinary Shares in treasury. This figure may be used by shareholders as the denominator for the purposes of calculating whether they are required to notify the Company of a change in their interest in the Company's share capital pursuant to the Company's Articles of Association.

The new Ordinary Shares will be issued free from all liens, charges, and encumbrances and will, upon Admission, rank pari passu in all respects with the existing Ordinary Shares of the Company.

END

For further information, please contact:

London BTC Company Limited 

Hew Rattray (CEO) 

Rob Scott (Finance Director) 

David Lenigas (Chairman) 

 

 

[email protected] 

[email protected] 

[email protected] 

 

First Sentinel Corporate Finance

Brian Stockbridge

 

[email protected]

+44 (0) 20 3855 5551

Clear Capital Markets Limited (Bookrunner and Placing Agent) 

 

Bob Roberts

 

 

Ryan Thompson 

 

 

 

 

 

[email protected] 

+44 (0) 203 869 6081  

 

[email protected]

+44 (0) 203 984 4220 

 

Square1 Consulting (Financial PR) 

David Bick

 

[email protected]

+44 (0) 20 7929 5599 

+44 (0) 7831 381201 

 

 

 

Further information on the Company can be found on its website at www.ldnbtc.com

 

About London BTC Company Limited

 

The Company's primary listing is in London (United Kingdom) on the London Stock Exchange under the ticker "BTC.L" and trades in the USA on the US OTCQB under the ticker "VINZF". The Company is building up a strategic Bitcoin holding through acquiring Bitcoin as a treasury and currency management tool and by adding Bitcoin through its own Bitcoin mining operations in North America. The Company currently has miners installed in multiple third-party hosting facilities in Indiana, Iowa, Nebraska and Texas in the USA and in Labrador (Canada).

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
ROIDGGDRLSGDGUC

Related Shares:

London Btc
FTSE 100 Latest
Value8,947.95
Change9.63