Ilika Plc Regulatory News (IKA)

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.

 THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

For immediate release

11 July 2018

Ilika plc

Result of Placing

Ilika plc, the advanced solid-state battery technology and materials innovation company ("Ilika", the "Company" or, together with its subsidiary undertakings, the "Group"), is pleased to announce that, following the announcement earlier today (the "Launch Announcement") regarding the launch of a proposed placing (the "Placing"), it has successfully placed 20,224,683 new ordinary shares of one penny each (the "Ordinary Shares") (the "Placing Shares") at a price of 20 pence per share (the "Placing Price") raising gross proceeds of approximately £4.0 million.

Liberum Capital Limited ("Liberum") acted as sole bookrunner on the Placing.

The Placing Price represents a discount of approximately 13.0 per cent. to the closing price of 23 pence per Ordinary Share on 10 July 2018, being the last business day prior to the announcement of the Placing.

The Placing is conditional upon, amongst other things:

· the Placing Agreement becoming unconditional in all respects (save for Admission) and not having been terminated in accordance with its terms;

· the Resolutions being passed at the General Meeting by the requisite majorities; and

· Admission of the Placing Shares to trading on AIM becoming effective.

Application will be made for the Placing Shares to be admitted to trading on AIM, which is expected to occur at 8.00 a.m. on 30 July 2018.

As announced earlier today, Ilika also intends to raise up to approximately £1.0 million through the issue of 5,058,240 new Ordinary Shares (the "Open Offer Shares") pursuant to an open offer (the "Open Offer", together with the Placing, the "Capital Raising"), to allow Ilika shareholders who are not participating in the Placing to subscribe for new Ordinary Shares at the Placing Price. The Company intends to send a circular to shareholders in connection with the Open Offer on or around 11 July 2018. The Circular will also be available on the Company's website: www.ilika.com.

Related Party Transaction

Sapia Partners LLP, Henderson Global Investors Limited and Hargreave Hale Ltd, who are conditionally subscribing for 2.5m, 2.0m and 3.7m Placing Shares at the Placing Price respectively, by virtue of them holding more than 10 per cent. of the existing issued share capital of the Company, are considered to be related parties of the Company and their participation in the Placing is therefore a related party transaction under the AIM Rules for Companies. The Directors consider, having consulted with Liberum, the Company's nominated adviser, that the terms of the Placing are fair and reasonable in so far as its shareholders are concerned.

Director Subscriptions

The following directors have subscribed for New Ordinary Shares in the following amounts and pursuant to the Director Subscription Agreements:

Capitalised terms not defined in this Announcement have the meaning given to them in the Launch Announcement.

Note:

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain. If you have any queries on this, then please contact Steve Boydell, Finance Director of the Company (responsible for arranging release of this announcement) on 023 8011 1400.

IMPORTANT NOTICES

This Announcement may contain and the Company may make verbal statements containing "forward-looking statements" with respect to certain of the Company's plans and its current goals and expectations relating to its future financial condition, performance, strategic initiatives, objectives and results. Forward-looking statements sometimes use words such as "aim", "anticipate", "target", "expect", "estimate", "intend", "plan", "goal", "believe", "seek", "may", "could", "outlook" or other words of similar meaning. By their nature, all forward-looking statements involve risk and uncertainty because they relate to future events and circumstances which are beyond the control of the Company, including amongst other things, United Kingdom domestic and global economic business conditions, market-related risks such as fluctuations in interest rates and exchange rates, the policies and actions of governmental and regulatory authorities, the effect of competition, inflation, deflation, the timing effect and other uncertainties of future acquisitions or combinations within relevant industries, the effect of tax and other legislation and other regulations in the jurisdictions in which the Company and its affiliates operate, the effect of volatility in the equity, capital and credit markets on the Company's profitability and ability to access capital and credit, a decline in the Company's credit ratings; the effect of operational risks; and the loss of key personnel. As a result, the actual future financial condition, performance and results of the Company may differ materially from the plans, goals and expectations set forth in any forward-looking statements. Any forward-looking statements made in this Announcement by or on behalf of the Company speak only as of the date they are made. Except as required by applicable law or regulation, the Company expressly disclaims any obligation or undertaking to publish any updates or revisions to any forward-looking statements contained in this Announcement to reflect any changes in the Company's expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based.

Liberum is authorised and regulated by the Financial Conduct Authority (the "FCA") in the United Kingdom and is acting exclusively for the Company and no one else in connection with the Placing or any other matters referred to in this Announcement, and Liberum will not be responsible to anyone (including any Placees) other than the Company for providing the protections afforded to its clients or for providing advice in relation to the Placing or any other matters referred to in this Announcement.

No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by Liberum or by any of its affiliates or agents as to, or in relation to, the accuracy or completeness of this Announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefor is expressly disclaimed.

No statement in this Announcement is intended to be a profit forecast or estimate, and no statement in this Announcement should be interpreted to mean that earnings per share of the Company for the current or future financial years would necessarily match or exceed the historical published earnings per share of the Company.

The price of shares and any income expected from them may go down as well as up and investors may not get back the full amount invested upon disposal of the shares. Past performance is no guide to future performance, and persons needing advice should consult an independent financial adviser.

The Placing Shares to be issued pursuant to the Placing will not be admitted to trading on any stock exchange other than the London Stock Exchange.

Neither the content of the Company's website nor any website accessible by hyperlinks on the Company's website is incorporated in, or forms part of, this Announcement.