Ora Technology PLC - Ora completes placing of £255,400

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.  

02 December 2024

Ora Technology PLC

("Ora" or the "Company")

Ora completes placing of £255,400

Ora Technology PLC (AQSE: ORA/ OTC: ORCPF) is pleased to announce a placing by Clear Capital Markets for a total of 3,192,500 new ordinary shares ("Placing Shares") of £0.001 each in the share capital of the Company ("Ordinary Shares") at an issue price of £0.08 (the "Placing Price") per Ordinary Share, raising gross proceeds of £255,400 (before expenses) (the "Placing").

The Placing Shares, when issued and fully paid, will rank pari passu in all respects with the existing Ordinary Shares in issue and therefore will rank equally for all dividends or other distributions declared, made or paid after the issue of the Placing Shares.

Total Voting Rights:

Application will be made to the Aquis Stock Exchange for admission of the 3,192,500 Placing Shares to trading on Aquis. It is expected that admission will become effective and dealings in the Placing Shares will commence on Aquis at 8.00 a.m. on or around 9 December 2024.

Following Admission, the total number of Ordinary Shares in the capital of the Company in issue will be 209,870,075 with voting rights. The above figure may be used by shareholders 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 and Transparency Rules. 

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About Ora Technology 

Ora Technology PLC is a software company that is developing a digital carbon trading platform that intends to offer users the ability to buy, sell and retire carbon credits in the voluntary carbon market, an instrument used by both the public and private sectors to work towards carbon neutral and net-zero climate goals. Ora's 'Ora Carbon' platform aims to allow access to carbon assets - and the broader carbon economy - with the goal of reducing the complexity of current industry practices and an emphasis towards providing a simple and intuitive user experience.