RE: Placing Shares3 Sep 2025 17:19
Here’s a tighter, data-led peek under the hood of the recent WSBN placings and what happened next.
1) What exactly was issued & when it hit the market
27 Aug 2025 placing: 120,000,000 new shares at 1.25p. Admission “on or about 2 Sep 2025.” Post-admission share count: 2,714,894,153. No lock-ins mentioned; shares to rank pari passu (i.e., freely tradable on admission).
Investegate
11 Jun 2025 placing: 1,346,153,846 new shares at 0.13p (gross £1.75m). Of these, 1,115,384,616 were admitted around 17 Jun; a further 230,769,230 (directors’ subscription £300k) admitted after results on 3 Jul.
Investegate
+1
Aquis
Why this matters: The August RNS does not include lock-ins, staged releases, or broker warrants—so the new shares were likely immediately saleable on admission.
Investegate
2) Volumes around the August admission (churn check)
Daily LSE volumes (GBX prices) around the Aug placing/admission:
Wed 27 Aug: 469.7M (1.295p–1.50p)
Thu 28 Aug: 179.9M (1.325p–1.50p)
Fri 29 Aug: 145.9M (close 1.54p)
Mon 1 Sep: 152.5M (close 1.29p)
Tue 2 Sep (admission “on or about” date): 157.9M (low 1.175p, close 1.285p)
5-day total (27 Aug–2 Sep): ~1.106 billion shares—over 9× the 120M placing size.
Share Prices
Read-through: That level of turnover strongly indicates placing churn / flipping (new shares circulated rapidly into the market on and immediately after admission).
3) Any director dealing or TR-1 flags post-placing?
Director/PDMR dealing RNS: None published after 27 Aug 2025 up to 3 Sep 2025 (Investegate listing shows the Jul 3 PDMR subscription but nothing later).
Investegate
Major holder notifications (TR-1): A recent example in the summer was Global Prime Partners Nominees crossing a threshold dated 24 Jun 2025 (issuer notified 27 Jun). This shows the company does publish DTR5 events, but no new TR-1 has appeared around the 2 Sep admission so far.
ir.design-portfolio.co.uk
4) Quick price/volume context on 2 Sep
LSE company page logs volume 157,929,032 on 2 Sep 2025 (52-week range 0.09p–2.00p).
London Stock Exchange
A separate day-by-day feed matches the ~157.93M shares and shows heavy volumes throughout 27 Aug–2 Sep (numbers above).
Share Prices
5) Bottom line
The August 120M placing shares appear to have been freely tradable at admission, with no stated lock-ins.
Investegate
>1.1 billion shares traded in the five sessions spanning the placing announcement to admission—many multiples of the issue size—consistent with rapid flipping/churn.
Share Prices
No post-placing Director/PDMR sales or TR-1 threshold changes have been RNS’d yet (as of 3 Sep 2025 UK time).