Member Info for DonBroco

15:09:17 1.105 10,000,000 110.50k

Https://itm-power.com/news/itm-power-announces-roadmap-for-strategic-collaboration-with-gore

2023 news.

Bouncing off the 100DMA of 107.4... hopefully it holds above.

Looks like a 1.00 / 1.05 (bid/ask) open

Agreed. 1p and 13% dilution is not a good look.

Maybe Cev can find something more important than the spelling of Defence to take their keyboard warrior skills out on.... here's a thought, how about the BoD who have just shafted everyone again.

Someone made a very true observation earlier this week about "if it smells like a rat"..... never a truer word. It looks like Charles Archer (Buy Him a Whisky) is in on this little wheeze too. .... or is it whiskey???

This is beginning to smell a bit, isn't it....

Maybe Charles Archer needs to get Andrew back for a bit more probing this time, rather than the usual pump and dump waffle...

Defence Holdings PLC

("ALRT" or the "Company")

Proposed Fundraising to raise up to £4m and indefinite suspension of ATM programme

Broker Offer to raise up to an additional £1m

Defence Holdings PLC (LSE: ALRT), the UK's software-led defence technology group is pleased to announce its intention to raise up to approx. £4 million (the "Fundraising") via a placing of new ordinary shares ("Placing Shares") of 0.1 pence each in the Company ("Ordinary Shares") to institutional and other investors (the "Placing") at a price of 1 pence per new Ordinary Share (the "Placing Price"), representing a 24.81 per cent discount to the closing price of an Ordinary Share on 24 June 2026.

Fundraising Highlights

· ALRT intends to conduct a Fundraising to raise up to £4 million gross proceeds.

· Broker option to raise up to a further £1 million at the Placing Price.

· The Placing is to be conducted by way of an accelerated bookbuild process which will commence immediately following this Announcement for up to 400,000,000 Ordinary Shares and will be subject to the terms and conditions set out in Appendix I to this Announcement.

· Net proceeds of the Fundraising will be used to fund the working capital requirements of the Company as well as enable the Company to undertake strategic partnerships with companies within the Defence space in line with the ongoing business strategy adopted by ALRT.

· The Issue Price represents a discount of 24.81 per cent. to the closing price of 1.33 pence per Ordinary Share on 24 June 2026.

The Fundraising and suspension of the ATM

The Placing is subject to the satisfaction of certain conditions set out in this announcement and the appendix hereto (the "Appendix") (together, this "Announcement") and is being conducted by way of an accelerated bookbuild, which will be launched immediately following the publication of this Announcement. Fortified Securities ("Fortified") are acting as sole Bookrunner and Broker in connection with the Placing and Shard Capital Partners LLP ("Shard") are retained as the Settlement Agent for the Placing.

Further to the announcement of 10 October 2025, the Company confirms the indefinite suspension of the announced at-the-market facility (the "ATM"). Further to the latest ATM update announcement of 28 May 2026, an additional £114,590 in gross proceeds has been raised under the ATM facility prior to this suspension. In aggregate, the ATM has enabled the Company to raise total gross proceeds of £992,557.49, and the current shareholding of Fortified as the provider of the ATM is 90,500,000 (being 3.66% of the issued share capital prior to the admission of the Placing Shares). No Ordinary Shares relating to the ATM will be placed in the market during the indefinite suspension period.

Broker Offer

Given the expedited nature of the bookbuild by Fortified, the Directors have elected to grant Fortified a Broker Offer under wh

When ITMPF trades are a fraction of the UK volume.... do we tend to track the USA price??? rather than vice-versa.

Actually, I really hope not..... as just spotted another at 65.45 on 8/9th April.... jeez!

I'm actually wondering if it's heading to close the gap at 98.8 on 16th April??

@katstrangler - but it's already been 200p this year and the news is unchanged.... so why will it not return to such levels?

@Tophat50 - I think I must have had 20/30 attempts via HL that provided a price then directly rejected the second I tried to accept the price. I was intrigued if this was an HL or wider problem. Do one....

I think trading is being suppressed this morning... be interesting to see what happens later as I think the price is being held down. Finally got some more via a Limit Order.

Keep getting quotes that are rejected, even though not in auction? Through HL??

And there's a SPCX chatboard for that very topic.... shall we take it over there and keep this on ITM?

I was wondering who you meant and presume you are referring to Mr Brian Stockbridge. Interestingly on Companies House, I didn't previously appreciate he is also is a Director at the following companies (all listed at the same address as Defence Holdings):

LANTERN CORPORATE SERVICES LTD (13971721)

ART BY STELLA LTD (12399459)

NEW LEAF CAPITAL LIMITED (12222863)

Oops, dropped even further.... there's some chunky sells hidden in amongst the huge number of miniscule buys.

NOT been signed (apologies)

.. which is a bit of a disappointment. Odd to see that the Project Strong contract has been signed, nor has there been any official objection to the direct award. It's been over a week since the estimated contract start date of 15th June, so frustrating we never seem to maintain the gains.