THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (COLLECTIVELY, THE "UNITED STATES"), AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.

THE COMMUNICATION OF THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS OR MATERIALS RELATING TO THE RETAIL OFFER AS A FINANCIAL PROMOTION IS ONLY BEING MADE TO, AND MAY ONLY BE ACTED UPON BY, THOSE PERSONS IN THE UNITED KINGDOM FALLING WITHIN ARTICLE 43 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (WHICH INCLUDES AN EXISTING MEMBER OF STRIP TINNING HOLDINGS PLC).  ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO SUCH PERSONS AND WILL BE ENGAGED IN ONLY WITH SUCH PERSONS.

12 January 2024                                     

Strip Tinning Holdings plc

("Strip Tinning" or the "Company")

Result of Retail Offer

Further to the announcement made by the Company on 21 December 2023, Strip Tinning Holdings plc (AIM: STG), a leading supplier of specialist connection systems to the automotive sector, is pleased to announce that it has raised gross proceeds of £106,150 pursuant to its retail offer via the BookBuild Platform from existing retail shareholders (the "Retail Offer"). Subject to the Retail Offer becoming unconditional, a total of 265,375 new ordinary shares of 1 pence each (the "Retail Offer Shares") will be issued at 40.0 pence per Retail Offer Share (the "Issue Price").

Consequently, subject to the passing of the Fundraising Resolution at the General Meeting being held on Monday, 15 January 2024, 2,500,000 Placing Shares and 265,375 Retail Offer Shares, resulting in a total of 2,765,375 New Ordinary Shares, will be issued pursuant to the Placing and Retail Offer raising total gross proceeds, including the gross proceeds raised from the Convertible Loan Notes (as was announced by the Company on 20 December 2023), of approximately £5.1 million.

Capitalised terms used in this announcement have the meanings given to them in the announcement made by the Company at 7.00 a.m. on 20 December 2023, unless the context provides otherwise.

Enquiries:

Strip Tinning Holdings plc                                                                                                            Via Alma PR

Adam Robson, Executive Chairman

Richard Barton, Chief Executive Officer                                                                                 

Adam Le Van, Chief Financial Officer

Singer Capital Markets (Nominated Adviser, Sole Broker

and Retail Offer Coordinator)                                                                                    +44 (0) 20 7496 3000

Rick Thompson

James Fischer

Alma (Financial PR)                                                                                                        [email protected]

Joe Pederzolli                                                                                                                    +44 (0) 20 3405 0205       

Josh Royston                                                                                    

IMPORTANT NOTICES 

The content of this announcement has been prepared by, and is the sole responsibility of, the Company.

This announcement and the information contained herein is restricted and is not for publication, release or distribution, directly or indirectly, in whole or in part, in or into or from the United States (including its territories and possessions, any state of the United States and the District of Columbia (the "United States" or "US")), Australia, Canada, Japan, New Zealand, the Republic of South Africa or any other jurisdiction where to do so might constitute a violation of the relevant laws or regulations of such jurisdiction.

The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

Singer Capital Markets Securities Limited ("Singer"), which is authorised and regulated in the United Kingdom by the FCA is acting exclusively for the Company and no-one else in connection with the transactions and arrangements described in this announcement and will not regard any other person (whether or not a recipient of this announcement) as a client in relation to the transactions and arrangements described in this announcement. Singer is not responsible to anyone other than the Company for providing the protections afforded to clients of Singer or for providing advice in connection with the contents of this announcement, or the transactions and arrangements described in this announcement.

Neither the content of the Company's website (or any other website) nor the content of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into or forms part of this announcement. The Retail Offer Shares to be issued or sold pursuant to the Retail Offer will not be admitted to trading on any stock exchange other than the AIM market of London Stock Exchange plc.