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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 04:13 ET (08:13 GMT)
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