Global law firm Ashurst is advising Afentra plc on its proposal to raise US$40 million by way of a firm and conditional placing and £2 million via a retail offer. Pursuant to the equity raise, the Company intends to issue 47,300,314 new ordinary shares at an issue price of 67 pence per share.
The equity raise is being conducted in two tranches - the first tranche settled on 9 June 2026, with the second tranche subject to shareholder approval at a general meeting to be held on 25 June 2026. The retail offer is also subject to shareholder approval at the general meeting. Assuming shareholder approval is granted, the conditional placing and the retail offer will settle on 26 June 2026. The proceeds from the equity raise will be used to accelerate identified growth opportunities across the Company's portfolio and enhance strategic flexibility.
The Ashurst corporate team is being led by partners Jon Parry and Tom Mercer, supported by senior associates Louise Johnson and Marianna Kennedy, and associates Rachel Edelstyn, Elnaz Cadogan, with Jeffrey Johnson advising on US securities law matters.
