Liberum acts as Nomad and Sole Bookrunner on a £15.1m fundraising for Ilika Plc

The net proceeds of the Placing and Open Offer are to be utilised to drive Ilika’s expansion across its portfolio of solid-state battery projects. This will include supporting the transfer of Stereax® into a third party fabrication facility (£4.0 million), with the remainder of the net proceeds being utilised to strengthen the balance sheet, provide additional working capital and provide the option for investing in further growth in Stereax ® production capability.

Liberum delivered significant and high quality demand, from both new and existing institutional investors, with the Placing oversubscribed during a period of market turmoil. The Placing Price of 40 pence represented a discount of approximately 10.1% to the closing price on the day prior to launch and a discount of approximately 1.4% to the average price over the preceding 30 business days. The New Ordinary Shares represented 27.3% of the enlarged issued share capital.

Liberum Team

Investment Banking – Andrew Godber, Cameron Duncan, Will Hall, Nikhil Varghese, Anthony Schia

Sales – Oliver Baxendale, Alistair Smallwood, Julian Collett, Jamie Vickers

Research – Adam Collins

Legal – Rebecca Gordon, Alice Foster

CIR – Rosa Hibbert-Keene