Beacon Rise Holdings PLC
28 July 2026
28 July 2026
BEACON RISE HOLDINGS PLC
("Beacon Rise" or the "Company")
Further advanced subscription agreement to raise approximately £50,000
Beacon Rise (LSE: BRS), is pleased to announce that the Company has entered into an advanced subscription agreement (the "ASA") with a new investor to raise gross proceeds of approximately £50,000 (the "ASA Funds").
It is intended that the net proceeds raised will be used towards a portion of the transaction fees associated with the Proposed Acquisitions and Admission, as well as being applied towards the Company's working capital commitments.
To date, the Company has raised total gross proceeds of approximately £700,000 in ASA Funds which are pending completion.
Further information in relation to the ASAs
Pursuant to the terms and conditions of the ASAs, the Company has conditionally agreed to issue to the ASA subscribers new ordinary shares of £0.0001 each in the Company ("Ordinary Shares") at the issue price of any new Ordinary Shares issued pursuant to any equity fundraise that takes place contemporaneously with Admission. If Admission has not occurred by 28 August 2026, the ASA subscribers will receive new Ordinary Shares at a price of £1.80 per new Ordinary Share.
Unless otherwise defined, definitions contained in this announcement have the same meaning as those set out in the announcement released by the Company at 8:11 a.m. on 29 September 2025.
Enquiries:
|
Xiaobing Wang, Director
|
|
Beacon Rise Holdings Plc
|
|
Email: info@beaconrise.uk
|
|
|
|
LDC Nominee Secretary Limited, Company Secretary
|
|
Email: beaconrisecss@lawdeb.com
|
|
|
|
Legal Entity Identifier (LEI): 2138007PIYMZMBWD4M27
|
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
ENDRNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.