WeCap Plc - Subscription to raise £37,250, Issue of Equity in Lieu of Fees and Total Voting Rights
PR Newswire
LONDON, United Kingdom, June 05
5 June 2026
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY WECAP PLC TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014, AS AMENDED ("MAR"). ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
WeCap plc
AQSE: WCAP
("WeCap plc" or the "Company")
Subscription to raise £37,250
Issue of Equity in Lieu of Fees
Total Voting Rights
WeCap plc is pleased to announce that it has raised £37,250 before expenses through a subscription ("Subscription") for an aggregate of 10,642,856 new ordinary shares of 0.25p each in the Company ("Ordinary Shares") at 0.35 pence per share ("Subscription Shares").
The Subscription funds will be used for general working capital and based on current projections, these funds are expected to provide sufficient liquidity to sustain operations for a period of approximately six months.
In addition, the Directors of the Company and the Company Secretary have agreed to receive ordinary shares in the Company in lieu of accrued cash fees, thereby preserving the Company's cash resources for working capital purposes.
The arrangement reflects the continuing commitment of the participating officers of the Company and aligns their interests further with those of shareholders.
In aggregate, fees amounting to £74,375 have been satisfied through the issue of 21,249,999 new ordinary shares of 0.25p each in the Company at a price of 0.35 pence per share ("Director Shares").
The allocations are as follows:
Participant Position Fees Settled (£) Number of New Ordinary Shares
Thomas Richardson Director 50,000 14,285,714
Sandy Barblett Director 9,375 2,678,571
Arniston Partners LLP Company Secretary 15,000 4,285,714
The Subscription and issue of equity to Directors and Company Secretary are conditional, inter alia, on admission of the Subscription Shares and the Director Shares (together the "New Ordinary Shares") to trading on the Aquis Growth Market ("Admission").
Application will be made for the New Ordinary Shares to be admitted to trading on the Access segment of the Aquis Growth Market and Admission is expected to occur on or around 11 June 2026.
Director Shareholdings
Following admission of the New Ordinary Shares, the interests of the participating directors in the Company's issued share capital will be as follows:
Director Shares Held Following Admission Percentage of Issued Share Capital
Thomas Richardson 20,990,281 4.43%
Sandy Barblett 3,095,238 0.65%
Related Party Transaction
Thomas Richardson and Sandy Barblett, both Directors of the Company, participated in the amounts of 14,285,714 and 2,678,571 respectively for the Director Shares each at the same deemed price and on the same terms and conditions as all other subscribers. In accordance with Rule 4.6 of the Aquis Growth Market Rulebook, the issuance of the Director Shares is a related party transaction. The Directors of the Company (being Mr Richardson and Mr Barblett), having exercised reasonable care, skill and diligence, believe that each other's issuance of Director Shares is fair and reasonable as far as the shareholders of the Company are concerned.
Total Voting Rights
Following Admission, WeCap's issued ordinary share capital will consist of 474,220,262 Ordinary Shares. This number represents the total voting rights in the Company, and following Admission, may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's ("FCA") Disclosure and Transparency Rules. The New Ordinary Shares shall rank pari passu in all respects with the existing Ordinary Shares.
The Directors of the Company accept responsibility for the contents of this announcement.
ENDS
Enquiries:
info@wecapplc.com
Corporate Advisor:
AlbR Capital Limited
+ 44 (0) 20 7469 0930
Corporate Broker:
Tennyson Securities Limited
Peter Krens
:
+44 (0) 20 7186 9033 (Direct)
| Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them. | ||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Tom Richardson |
| 2 | Reason for the notification | |
| a) | Position/status | Non-Executive Chairman |
| b) | Initial notification /Amendment | Initial Notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor | |
| a) | Name | WeCap PLC |
| b) | LEI | 213800FYUQ8ENKDP4S43 |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 0.25 pence each GB00BKTRFXXX |
| b) | Nature of the transaction | Ordinary Shares issued in lieu of Director fees |
| c) | Price(s) and volume(s) | 0.35 pence / 14,285,714 shares |
| d) | Aggregated information - Aggregated volume - Price | n/a |
| e) | Date of the transaction | 5 June 2026 |
| f) | Place of the transaction | Aquis Growth Market |
| Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them. | ||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Sandy Barblett |
| 2 | Reason for the notification | |
| a) | Position/status | Executive Director |
| b) | Initial notification /Amendment | Initial Notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor | |
| a) | Name | WeCap PLC |
| b) | LEI | 213800FYUQ8ENKDP4S43 |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 0.25 pence each GB00BKTRFXXX |
| b) | Nature of the transaction | Ordinary Shares issued in lieu of Director fees |
| c) | Price(s) and volume(s) | 0.35 pence / 2,678,571 shares |
| d) | Aggregated information - Aggregated volume - Price | n/a |
| e) | Date of the transaction | 5 June 2026 |
| f) | Place of the transaction | Aquis Growth Market |
