Built Cybernetics - Result of Retail Offer and Restoration of Trading
Released
Released
Announcement PDF
RNS Number : 6429Y
Built Cybernetics PLC
13 October 2026
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN
WHOLE OR IN PART, IN OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, NEW
ZEALAND, CANADA, SOUTH AFRICA OR JAPAN, OR ANY MEMBER STATE OF THE EEA, OR
ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO
MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION.
PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7
OF THE MARKET ABUSE REGULATION (EU) 596/2014 WHICH FORMS PART OF THE LAWS OF
ENGLAND AND WALES PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK
MAR"). UPON PUBLICATION OF THIS ANNOUNCEMENT THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE WITHIN THE PUBLIC DOMAIN.
13 October 2026
Built Cybernetics plc
("Built Cybernetics", the "Company", or, together with its subsidiaries, the "Group")
Result of WRAP Retail Offer
Total Voting Rights
Built Cybernetics (AIM: BUC), the smart buildings group, is pleased to confirm, further to the Company’s
announcement at 7.30 a.m. on 8 October 2026 (the “Launch Announcement”) and other announcements made
on 8 October 2026, the result of its Retail Offer via the Winterflood Retail Access Platform (“WRAP”).
The Company announces that it has raised aggregate gross proceeds of £130,115 pursuant to the Retail Offer.
Accordingly, the Company will issue a total of 8,674,384 Retail Offer Shares at the Issue Price of 1.5 pence per
share pursuant to the Retail Offer.
In total, the Company has therefore conditionally raised a total of approximately £3.07 million via its
Fundraising, being approximately £2.3 million pursuant to the Placing, approximately £0.1 million pursuant to
the Subscription of Subscription Shares, £0.5 million pursuant to the CLAs and £130,115 pursuant to the Retail
Offer.
The issue of the Retail Offer Shares will be conditional upon, inter alia, the passing of certain Resolutions
(granting the Directors authority to issue and allot new ordinary shares otherwise than on a pre-emptive basis) to
be put to shareholders of the Company at the General Meeting of the Company which is expected to be held at
noon on 2 November 2026 at the offices of the Company, 10 Bonhill Street, London EC2A 4PE, whereby such
authority will be utilised by the Directors to, inter alia, enable the issue of the Retail Offer Shares. The issue of
the Retail Offer Shares will also be conditional on Admission.
Admission and Total Voting Rights
Application will be made to the London Stock Exchange for a total of 410,345,443 New Ordinary Shares,
comprising the Consideration Shares, the Note Satisfaction Shares, the Loan Assignment Shares, the Ecolibrium
Management Shares, the Placing Shares, the Subscription Shares, and the Retail Offer Shares to be admitted to
trading on AIM.
It is expected that Admission will become effective and dealings in the New Ordinary Shares will commence at
8.00 a.m. on 4 November 2026, conditional upon, inter alia, the passing of the Resolutions, Completion and
satisfaction of the conditions of the Placing.
Upon Admission, the Company's issued ordinary share capital will consist of 809,039,665 Ordinary Shares with
one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, from Admission
the total number of Ordinary Shares and voting rights in the Company will be 809,039,665. With effect from
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
Company under the FCA's Disclosure Guidance and Transparency Rules.
Capital Access Window
As detailed in the Launch Announcement, the Company entered a Capital Access Window at 7.30 a.m. BST on 28
September 2026, in order to reach a broader range of investors during the Fundraising. Following the close of the
Retail Offer, it is intended that normal trading in the Company's existing Ordinary Shares will resume at 7.30 a.m.
on 13 October 2026.
Unless otherwise defined in this announcement, capitalised terms have the meanings given to them in the
circular expected to be published by the Company and sent to the Shareholders on or around the date of
this announcement (the “Circular”).
For Further Information:
Investor Enquiries
We encourage all investors to share questions on this
announcement via our investor hub
https://builtcybernetics.com/link/PwE8Ae
Built Cybernetics plc
Clive Carver, Chairman
Nick Clark, Chief Executive
+44 (0)20 7843 3001
Canaccord Genuity Limited, Nominated Adviser and
Joint Broker
Stuart Andrews
Elizabeth Halley-Stott
+44 (0)20 7523 8000
Allenby Capital Limited, Joint Broker
Nick Naylor, Alex Brearley (Corporate Finance)
Jos Pinnington, Lauren Wright (Sales and Corporate Broking)
+44 (0)20 3002 2073
Winterflood Retail Access Platform
Sophia Bechev, Kaitlan Billings
WRAP@marex.com
+44 (0)20 7071 0488
Further information on the Company can be found on its website at builtcybernetics.com
The Company's LEI is 213800WWNHLPUBSUK220.
This announcement should be read in its entirety. In particular, the information in the “Important Notices” section
of the announcement should be read and understood.
Important Notices
The content of this announcement has been prepared by and is the sole responsibility of the Company.
This announcement and the information contained herein is not for release, publication or distribution, directly or
indirectly, in whole or in part, in or into or from the United States (including its territories and possessions, any
state of the United States and the District of Columbia (the “United States” or “US”)), Australia, Canada, New
Zealand, Japan, the Republic of South Africa, any member state of the EEA or any other jurisdiction where to do
so might constitute a violation of the relevant laws or regulations of such jurisdiction.
The Retail Offer Shares have not been and will not be registered under the US Securities Act of 1933, as amended
(the “US Securities Act”) or under the applicable state securities laws of the United States and may not be
offered or sold directly or indirectly in or into the United States. No public offering of the Retail Offer Shares is
being made in the United States. The Retail Offer Shares are being offered and sold outside the United States in
“offshore transactions”, as defined in, and in compliance with, Regulation S under the US Securities Act
(“Regulation S”) to non-US persons (within the meaning of Regulation S). In addition, the Company has not
been, and will not be, registered under the US Investment Company Act of 1940, as amended.
This announcement does not constitute an offer to sell or issue or a solicitation of an offer to buy or subscribe for
Retail Offer Shares in the United States, Australia, Canada, New Zealand, Japan, the Republic of South Africa,
any member state of the EEA or any other jurisdiction in which such offer or solicitation is or may be unlawful.
No public offer of the securities referred to herein is being made in any such jurisdiction.
This announcement is not for publication or distribution, directly or indirectly, in or into the United States of
America. This announcement is not an offer of securities for sale into the United States. The securities referred
to herein have not been and will not be registered under the US Securities Act, and may not be offered or sold in
the United States, except pursuant to an applicable exemption from registration. No public offering of securities
is being made in the United States.
The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose
possession any document or other information referred to herein comes should inform themselves about and
observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the
securities laws of any such jurisdiction.
WRAP is a proprietary technology platform owned and operated by Marex Financial (“MF”). MF is incorporated
under the laws of England and Wales (company no. 5613061, LEI no. 5493003EETVWYSIJ5A20 and VAT
registration no. GB 872 8106 13) and is authorised and regulated by the Financial Conduct Authority (FCA
registration number 442767). MF’s registered address is at 155 Bishopsgate, London, EC2M 3TQ. MF is acting
exclusively for the Company and for no-one else and will not regard any other person (whether or not a recipient
of this announcement) as its client in relation to the Retail Offer and will not be responsible to anyone other than
the Company for providing the protections afforded to its clients, nor for providing advice in connection with the
Retail Offer, Admission and the other arrangements referred to in this announcement.
The value of Ordinary Shares and the income from them is not guaranteed and can fall as well as rise due to stock
market movements. When you sell your investment, you may get back less than you originally invested. Figures
refer to past performance and past performance is not a reliable indicator of future results. Returns may increase
or decrease as a result of currency fluctuations.
Certain statements in this announcement are forward-looking statements which are based on the Company's
expectations, intentions and projections regarding its future performance, anticipated events or trends and other
matters that are not historical facts. These forward-looking statements, which may use words such as “aim”,
“anticipate”, “believe”, “intend”, “estimate”, “expect” and words of similar meaning, include all matters that are
not historical facts. These forward-looking statements involve risks, assumptions and uncertainties that could
cause the actual results of operations, financial condition, liquidity and dividend policy and the development of
the industries in which the Company's businesses operate to differ materially from the impression created by the
forward-looking statements. These statements are not guarantees of future performance and are subject to known
and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those
expressed or implied by such forward-looking statements. Given those risks and uncertainties, prospective
investors are cautioned not to place undue reliance on forward-looking statements.
These forward-looking statements speak only as at the date of this announcement and cannot be relied upon as a
guide to future performance. The Company and Winterflood expressly disclaim any obligation or undertaking to
update or revise any forward-looking statements contained herein to reflect actual results or any change in the
assumptions, conditions or circumstances on which any such statements are based unless required to do so by the
Financial Conduct Authority, the London Stock Exchange or applicable law.
The information in this announcement is for background purposes only and does not purport to be full or
complete. None of Winterflood or any of its affiliates, accepts any responsibility or liability whatsoever for, or
makes any representation or warranty, express or implied, as to this announcement, including the truth, accuracy
or completeness of the information in this announcement (or whether any information has been omitted from the
announcement) or any other information relating to the Company or associated companies, whether written, oral
or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising
from any use of the announcement or its contents or otherwise arising in connection therewith. Winterflood and
its affiliates, accordingly disclaim all and any liability whether arising in tort, contract or otherwise which they
might otherwise be found to have in respect of this announcement or its contents or otherwise arising in
connection therewith.
Any indication in this announcement of the price at which the Ordinary Shares have been bought or sold in the
past cannot be relied upon as a guide to future performance. Persons needing advice should consult an
independent financial adviser. No statement in this announcement is intended to be a profit forecast and no
statement in this announcement should be interpreted to mean that earnings or target dividend per share of the
Company for the current or future financial years would necessarily match or exceed the historical published
earnings or dividends per share of the Company.
Neither the content of the Company's website (or any other website) nor the content of any website accessible
from hyperlinks on the Company's website (or any other website) is incorporated into or forms part of this
announcement. The Retail Offer Shares to be issued or sold pursuant to the Retail Offer will not be admitted to
trading on any stock exchange other than the London Stock Exchange.
It is further noted that the Retail Offer is only open to investors in the United Kingdom who fall within Article 43
of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (which includes
an existing member of the Company).
Canaccord Genuity Limited, which is authorised and regulated by the FCA in the United Kingdom, is acting as
Nominated Adviser and joint broker to the Company. Canaccord Genuity Limited has not authorised the contents
of, or any part of, this announcement, and no liability whatsoever is accepted by Canaccord Genuity Limited for
the accuracy of any information or opinions contained in this announcement or for the omission of any material
information. The responsibilities of Canaccord Genuity Limited as the Company's Nominated Adviser under the
AIM Rules for Companies and the AIM Rules for Nominated Advisers are owed solely to London Stock
Exchange plc and are not owed to the Company or to any director or shareholder of the Company or any other
person, in respect of its decision to acquire shares in the capital of the Company in reliance on any part of this
announcement, or otherwise.
Allenby Capital Limited is authorised and regulated by the FCA in the United Kingdom. Allenby Capital Limited
is acting solely as joint broker and bookrunner exclusively for the Company and no one else in connection with
the Placing and the contents of this announcement and will not regard any other person (whether or not a
recipient of this Announcement) as its client in relation to the Placing or the contents of this announcement nor
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will it be responsible to anyone other than the Company for providing the protections afforded to its clients or for
providing advice in relation to the contents of this Announcement. Apart from the responsibilities and liabilities,
if any, which may be imposed on Allenby Capital Limited by FSMA or the regulatory regime established
thereunder, Allenby Capital Limited accepts no responsibility whatsoever, and makes no representation or
warranty, express or implied, for the Placing or the contents of this announcement including its accuracy,
completeness or verification or for any other statement made or purported to be made by it, or on behalf of it, the
Company or any other person, in connection with the Company and the contents of this Announcement, whether
as to the past or the future. Allenby Capital Limited accordingly disclaims all and any liability whatsoever,
whether arising in tort, contract or otherwise (save as referred to above), which it might otherwise have in respect
of the contents of this announcement or any such statement.
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