IP : Applied Graphene Materials plc - PrimaryBid.com Offer

Applied Graphene Materials (LON: AGM), the producer of speciality graphene nanoplatelet dispersions, is pleased to announce, a conditional offer for subscription via PrimaryBid (the 'PrimaryBidOffer') of new ordinary shares of 2p each in the Company ('New Ordinary Shares') at an issue price of 41 pence per New Ordinary Share (the 'Issue Price'), being a discount of 39 per cent to the closing mid-price of 67.4 pence per Ordinary Share on 25 January 2021 and 24 per cent to the 30 day volume weighted average price of 54 pence per Ordinary Share. The Company is also conducting (i) a placing of new Ordinary Shares at the Issue Price by way of an accelerated bookbuild process (the 'Placing'); and (ii) a subscription for new Ordinary Shares at the Issue Price by certain of the Company's Directors and one of the Company's existing shareholders, as announced on 26th January 2021 (the 'Subscription').

To read the full RNS release, please click here.

The PrimaryBid Offer, the Placing and the Subscription are conditional on the New Ordinary Shares to be issued pursuant to the PrimaryBid Offer, the Placing and the Subscription being admitted to trading on AIM ('Admission'). Admission of the New Ordinary Shares to be issued pursuant to the PrimaryBid Offer is expected to be take place at 8.00 a.m. on 15 February 2021. The PrimaryBid Offer, which is subject to Shareholder approval in General Meeting on 12th February 2021, will not be completed without the Placing also being completed.

The Company will use the funds raised for ongoing working capital funding, including costs associated with continuing the Company's product and technology development roadmap; to service anticipated growth in customer and product demand; and minor capital expenditure.

PrimaryBid Offer

The Company values its retail investor base and is therefore pleased to provide private and other investors the opportunity to participate in the PrimaryBid Offer by applying exclusively through the www.PrimaryBid.com platform and the PrimaryBid mobile app available on the Apple App Store and Google Play. PrimaryBid does not charge investors any commission for this service.

The PrimaryBid Offer, via the PrimaryBid.com platform, will be open to investors from 4:35 p.m. on 26th January 2021. The PrimaryBid Offer will close at the same time as the Bookbuilding Process is completed. The PrimaryBid Offer may close early if it is oversubscribed.

The Company in consultation with PrimaryBid reserves the right to scale back any order at its discretion. The Company and PrimaryBid reserve the right to reject any application for subscription under the Offer without giving any reason for such rejection.

No commission is charged to investors on applications to participate in the PrimaryBid Offer made through PrimaryBid. It is vital to note that once an application for New Ordinary Shares has been made and accepted via PrimaryBid, an application cannot be withdrawn.

For further information on PrimaryBid.com or the procedure for applications under the PrimaryBid Offer, visit www.PrimaryBid.com or call PrimaryBid.com on [phone].

The New Ordinary Shares will be issued free of all liens, charges and encumbrances and will, when issued and fully paid, rank pari passu in all respects with the Company's existing Ordinary Shares.

Contact

Applied Graphene Materials PLC	[phone]
Adrian Potts (Chief Executive Officer), David Blain (Chief Financial Officer)
PrimaryBid Limited	+ 44 (0) 203 026 4750
James Deal / Charles Spencer
N+1 Singer, Nominated Advisor	[phone]
Peter Steel, Amanda Gray

The Company highly values its retail investor base which has supported the Company alongside institutional investors over several years. Given the longstanding support of retail shareholders, the Company believes that it is appropriate to provide retail and other interested investors the opportunity to participate in the Offer. The Company is therefore making the Offer available exclusively through PrimaryBid.com.

The Offer is offered under the exemptions against the need for a prospectus allowed under the Prospectus Rules. As such, there is no need for publication of a prospectus pursuant to the Prospectus Rules, or for approval of the same by the Financial Conduct Authority in its capacity as the UK Listing Authority. The Offer is not being made into any Restricted Jurisdiction or any other jurisdiction where it would be unlawful to do so.

There is a minimum subscription of £100 per investor under the terms of the Offer which is open to existing shareholders and other investors subscribing via PrimaryBid.com.

For further details please refer to the PrimaryBid.com website at www.PrimaryBid.com. The terms and conditions on which the Offer is made, including the procedure for application and payment for New Ordinary Shares, is available to all persons who register with PrimaryBid.com.

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 New Ordinary Shares and investment in the Company carries a number of risks. Investors should consider the risk factors set out on PrimaryBid.com before making a decision to subscribe for New Ordinary Shares. Investors should take independent advice from a person experienced in advising on investment in securities such as the New Ordinary Shares if they are in any doubt.