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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ensilica Plc | LSE:ENSI | London | Ordinary Share | GB00BN7F1618 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 55.00 | 54.00 | 56.00 | 56.00 | 55.00 | 55.00 | 62,496 | 08:00:08 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Computer Related Svcs, Nec | 20.48M | 1.79M | 0.0229 | 24.02 | 42.96M |
TIDMENSI
RNS Number : 5204M
EnSilica PLC
24 May 2022
24 May 2022
EnSilica plc
("EnSilica," the "Company" or the "Group")
Admission to trading on AIM and First Day of Dealings
EnSilica, a leading designer and supplier of mixed signal ASICs (Application Specific Integrated Circuits), is pleased to announce the admission of its Ordinary Shares to trading on the AIM market of the London Stock Exchange. Dealings commenced at 8.00am today, Tuesday 24 May 2022, under the ticker "ENSI".
EnSilica provides an end-to-end service for the design and supply of mixed signal ASICs, outsourcing certain elements such as the wafer fabrication of the manufacturing and packaging to third parties - otherwise known as a Fabless Semiconductor Model.
EnSilica has raised GBP6 million through a placing and subscription of 12,000,000 Ordinary Shares at a price of 50p per share (the "Placing Price") and has a market capitalisation of approximately GBP37.6 million at the Placing Price.
The Directors believe that the Group has reached a stage in its development where it will benefit from a quotation on AIM and that, as well as providing the Company with the net proceeds of the Fundraising, this will:
-- enhance both transparency and international profile of EnSilica with existing and potential customers;
-- allow the Company to access equity capital creating flexibility to fund growth and support potential M&A opportunities;
-- enable EnSilica to attract, recruit and retain key employees who may be further incentivised through share option schemes; and
-- create a platform for existing shareholders to participate in the future growth of the Company.
Allenby Capital is acting as Nominated Adviser and Sole Broker to the Company and the placing.
Ian Lankshear, Chief Executive Officer of EnSilica commented:
"Our admission to AIM represents a significant endorsement of our business which I believe creates an ideal platform from which to accelerate our growth ambitions.
"We have an outstanding team who have all helped established our market leading reputation and we are truly excited by the many opportunities our quoted status will bring."
For further information please visit www.ensilica.com or contact:
EnSilica plc Via Vigo Consulting Ian Lankshear, Chief Executive Officer +44 (0)20 7390 0233 Matthew Wethey, Chief Financial Officer Allenby Capital Limited, Nominated Adviser Tel: +44 (0)20 3328 & Broker 5656 Jeremy Porter / Vivek Bhardwaj (Corporate Finance) info@allenbycapital.com Joscelin Pinnington/Tony Quirke (Sales & Corporate Broking) Vigo Consulting (Investor & Financial Public Relations) Jeremy Garcia / Tara Benniman ensilica @vigoconsulting.com +44 (0)20 7390 0233
Confirmation regarding share options over existing ordinary shares
As set out in the Company's Admission Document, the following significant shareholders (as defined in the AIM Rules for Companies) have agreed to provide the number of shares specified below to benefit employees of the Company through the grant of options at the Placing Price of 50p per share.
Name Total no. of No. of ordinary Total no. of ordinary shares shares provided ordinary shares held (%) for employee held share options Ian William Ernest Lankshear 16,040,358 21.32% 1,592,239 Richard Ashley Hamer* 7,144,990 9.50% 724,499 Marc Castells* 5,786,554 7.69% 588,655 Richard Neil Marley* 5,786,554 7.69% 588,655 Nicholas Henry Weiner 3,457,737 4.60% 345,774 Philip Andrew Faulkner 3,457,737 4.60% 345,774 David Andrew Wheeler 3,457,737 4.60% 345,774 Alan Chi Wai Wong 3,492,790 4.64% 345,774 Andrew Peter Maund 3,457,737 4.60% 345,774
*In addition to the above, and as also set out in the Company's Admission Document, Richard Hamer, Richard Marley and Marc Castells have each agreed to provide, respectively,1,524,000, 1,238,000 and 1,238,000 of their ordinary shares to the Company to be used to satisfy an option granted to Ian Lankshear, CEO, over 4,000,000 ordinary shares under the Company's 2022 LTIP. These options are exercisable at 50p per share from 24 May 2024 until 1 December 2024.
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END
AIMFFFILESIVFIF
(END) Dow Jones Newswires
May 24, 2022 03:09 ET (07:09 GMT)
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