Surrey's Ora Technology plc announces retail offer

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Tom Kilkelly

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Ora Technology, a surrey based company, has announced a retail offer via WRAP (the Winterflood Retail Access Platform).

The offer is centred around the company's plans to to operate an online platform named 'Ora Carbon' in which users will be able to buy, sell and retire carbon credits.

This retail offer is being undertaken alongside a placing and subscription (fundraising) which, together with the Retail Offer, is for up to 75 million new ordinary shares of £0.001 each in Ora Carbon.

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The company expects to make a maximum of £1.5 million (aggregate gross proceeds) through the offer.

Potential investors have until 5pm on June 30 to participate in the retail offer with expected results to be announced by Ora alongside the result of the Fundraising on July 3.

In light of the retail offer, Ora has made an application to the Aquis Exchange PLC for Admission. A spokesperson for the company said that ''admission is expected to be effective at the start of the trading day on July 7''.

Tom Kilkelly

Tom Kilkelly started working as a freelance journalist for The Business Magazine following his graduation from UCL in 2022. During his studies Tom became very interested in the works of Irish authors including Samuel Beckett and Flann O'Brien (Brian O'Nolan). His current role as a freelance business reporter is his first exposure to the world of business journalism. Working at TBM has given Tom the chance to really get to grips with the goings-on in the business hive that is the South East.