{"id":141158,"title":"Forgent Raises £500,000 at 9% Premium From Existing Shareholder","publisher":"Share Talk","author":"sharetalk","published":"2026-09-30T06:47:21+00:00","modified":"2026-09-30T06:47:21+00:00","canonical_url":"https://www.share-talk.com/forgent-raises-500000-at-9-premium-from-existing-shareholder/","markdown_url":"https://www.share-talk.com/forgent-raises-500000-at-9-premium-from-existing-shareholder.md","json_url":"https://www.share-talk.com/forgent-raises-500000-at-9-premium-from-existing-shareholder.json","category":"Mining","categories":["Mining"],"tags":["Australian","Early assay results","FORG","Forgent","Gold","James Parsons","Peak Hill project"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/09/91957ea2-5cde-461a-a7d6-1c2a5276cb43.png?fit=1726%2C911&quality=80&ssl=1","format":"news","language":"en-GB","content":"[Forgent plc (AIM: FORG)](https://www.investegate.co.uk/announcement/rns/forgent-plc--forg/subscription-to-raise-0-5m/9797706)has raised £500,000 before expenses through a **direct subscription with an existing high-net-worth shareholder** at 0.012p per share.\n\nThe issue price represents a **premium of approximately 9%** to the closing bid price on 29 September 2026.\n\nForgent will issue **4,166,666,667 new ordinary shares**, with net proceeds expected to be approximately **£447,500** after expenses.\n\nThe funds will be used for **operational and general working capital** as the company continues to advance its Western Australian critical and precious minerals portfolio.\n\nThe subscriber will also receive **one warrant for every two new shares**, resulting in the issue of **2,083,333,333 warrants**.\n\nEach warrant will be exercisable at **0.020p per share for two years from admission**. If exercised in full, they would provide Forgent with a further approximately **£416,700 of gross proceeds**, while creating additional dilution for existing shareholders.\n\nFollowing admission of the subscription shares, Forgent will have **48,582,685,000 ordinary shares in issue**. The new shares will therefore account for approximately **8.6% of the enlarged share capital**.\n\nAdmission to AIM is expected by no later than **8am on 20 October 2026**.\n\nChief executive **James Parsons** said securing capital at a premium demonstrated continued shareholder support and would extend the company’s funding runway as it progresses its Western Australian assets.\n\nFor investors, the positive feature is that Forgent has secured fresh capital **without offering a discount to the prevailing market price**. The trade-off is material share issuance and a sizeable warrant overhang, meaning the next question is whether the additional funding can generate sufficient project progress to offset the resulting dilution.\n\n**Investor takeaway: ***Forgent has raised £500,000 from an existing high-net-worth shareholder at a 9% premium to the previous closing bid price. The funding strengthens working capital, although the 4.17 billion new shares will represent around 8.6% of the enlarged share capital, with a further 2.08 billion warrants creating additional potential dilution.*"}