Vinanz Limited (BTC:L) the London Stock Exchange Main Market-listed Bitcoin treasury company with active mining operations across the United States and Canada, is pleased to announce the opening of a retail offer via the Winterflood Retail Access Platform (“WRAP Retail Offer”) to raise approximately £1 million through the issue of approximately 7.3 million new ordinary shares of no-par value each in the capital of the Company (“WRAP Retail Offer Shares”), at a price of 13.75 pence per share (“Issue Price”).
It should be noted that the Company recently announced on 5 June 2025 its intention to change its name to London BTC Company Limited and this is being actioned.
In addition, the Company also announced on 19 May 2025 that it has added 16.9 Bitcoin to treasury and that it intended to add further Bitcoin to the balance sheet.
The proceeds of the WRAP Retail Offer will be utilised to expand upon the Company’s business strategy as outlined in its recent LSE prospectus.
The WRAP Retail Offer is conditional on the WRAP Retail Offer Shares being admitted to trading on the Main Market of London Stock Exchange plc (“Admission”). It is anticipated that Admission will become effective and that dealings in the WRAP Retail Offer Shares will commence on the London Stock Exchange, at 8:00 a.m. on 20 June 2025.
WRAP Retail Offer
The Company values its retail shareholder base and believes that it is appropriate to provide both new and existing retail shareholders in the United Kingdom the opportunity to participate in the WRAP Retail Offer.
Therefore, the Company is making the WRAP Retail Offer open to eligible investors in the United Kingdom, being new or existing shareholders of Vinanz, following release of this announcement and through certain financial intermediaries.
A number of retail platforms are able to access the WRAP Retail Offer. Non-holders or existing shareholders wishing to subscribe for WRAP Retail Offer Shares should contact their broker or wealth manager who will confirm if they are participating in the WRAP Retail Offer.
Retail brokers wishing to participate in the WRAP Retail Offer on behalf of eligible retail investors, should contact WRAP@winterflood.com.
The WRAP Retail Offer will open immediately following this announcement. The WRAP Retail Offer is expected to close at 4.30pm on 16 June 2025. Eligible retail investors should note that financial intermediaries may have earlier closing times. The result of the WRAP Retail Offer is expected to be announced by the Company on or around 17 June 2025.
To be eligible to participate in the WRAP Retail Offer, applicants must be a customer of a participating intermediary including individuals aged 18 years or over, companies and other bodies corporate, partnerships, trusts, associations and other unincorporated organisations.
There is a minimum subscription of £500 per investor under the WRAP Retail Offer. The terms and conditions on which investors subscribe will be provided by the relevant financial intermediaries including relevant commission or fee charges.
The Company reserves the right to amend the size of the WRAP Retail Offer at its discretion. The Company reserves the right to scale back any order and to reject any application for subscription under the WRAP Retail Offer without giving any reason for such rejection.
It is vital to note that once an application for WRAP Retail Offer Shares has been made and accepted via an intermediary, it cannot be withdrawn.
The WRAP Retail Offer Shares will, when issued, be credited as fully paid, and have the right to receive all dividends and other distributions declared, made or paid after their date of issue.
It is a term of the WRAP Retail Offer that the total value of the WRAP Retail Offer Shares available for subscription at the Issue Price does not exceed EUR 8 million (or the equivalent amount in GBP, calculated in accordance with the Prospectus Rules Regulations Sourcebook of the Financial Conduct Authority (the “FCA”).
Investors should make their own investigations into the merits of an investment in the Company. Nothing in this announcement amounts to a recommendation to invest in the Company or amounts to investment, taxation or legal advice.
It should be noted that a subscription for WRAP Retail Offer Shares and investment in the Company carries a number of risks, including the risk that investors may lose their entire investment. Investors should take independent advice from a person experienced in advising on investment in securities such as the WRAP Retail Offer Shares if they are in any doubt.
An investment in the Company will place capital at risk. The value of investments, and any income, can go down as well as up, so investors could get back less than the amount invested.
Neither past performance nor any forecasts should be considered a reliable indicator of future results.
The WRAP Retail Offer is offered in the United Kingdom under the exemption from the requirement to publish a prospectus in sections 86(1)(e) and 86(4) of FSMA. As such, there is no need for publication of a prospectus pursuant to the United Kingdom version of Regulation (EU) 2017/1129 as it forms part of United Kingdom law by virtue of the European Union (Withdrawal) Act 2018 (as amended), or for approval of the same by the FCA. The WRAP Retail Offer is not being made into any jurisdiction other than the United Kingdom.
Instructions For AJ Bell Customers
Existing shareholders via AJ Bell will receive an email when the offer launches to let them know how to place orders. Customers that don’t currently hold the stock already can call through to the dealing team on 0345 54 32 600 to subscribe.
Instructions For Interactive Investor Customers
Existing shareholders via Interactive Investor will receive an email and be able to subscribe for new shares via the Corporate Actions section of the website. Customers that don’t currently hold the stock already can call through to the international dealing team on 0345 607 6001 to subscribe.
Instructions For Other Platforms & Brokers
You should contact your platform / broker and ask for instructions to take part. Retail brokers wishing to participate in the WRAP Retail Offer on behalf of eligible retail investors, should contact WRAP@winterflood.com.
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Vinanz Limited
Hewie Rattray (CEO) hewie@vinanz.co.uk
Rob Scott (Finance Director) rob@vinanz.co.uk
David Lenigas (Chairman) david@vinanz.co.uk
