Results of General Meeting and Open Offer & TVR

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Ilika Plc
("Ilika" or the "Company")

Results of General Meeting and Open Offer

and Total Voting Rights

On 6 March 2020, Ilika plc (AIM: IKA), the advanced solid-state battery company, announced a conditional placing (the "Placing") raising proceeds of £15.0 million and an associated Open Offer (the "Open Offer") to raise up to £2.0 million by way of a Placing of 37,500,000 new Ordinary Shares at an Issue Price of 40 pence per share and an Open Offer of up to 5,000,000 new Ordinary Shares at a price of 40 pence per share.

The Company is pleased to announce that at its General Meeting, held earlier today, all of the Resolutions set out in the circular dated 9 March 2020 were duly passed by the requisite majorities.

Further to this, the Company can now confirm that it will issue, pursuant to the Placing and Open Offer, 37,760,866 New Ordinary Shares at 40 pence per New Ordinary Share, raising approximately £15.1 million in aggregate. The issue of New Ordinary Shares will be split as follows:

·    37,500,000 shares under the Placing, raising gross proceeds of £15.0 million; and

·    260,866 shares taken up under the Open Offer, including excess applications, raising gross proceeds of approximately £0.1 million.

Accordingly, pursuant to the EIS/VCT Placing, the Company has applied to the London Stock Exchange for 21,399,365 EIS/VCT Placing Shares to be admitted to trading on AIM ("EIS/VCT Admission").  It is expected that EIS/VCT Admission will occur at 8.00 a.m. on 26 March 2020. Additionally, pursuant to the General Placing, the Company has applied to the London Stock Exchange for 16,100,635 General Placing Shares and 260,866 Open Offer Shares to be admitted to trading on AIM ("General Admission"). It is expected that General Admission will occur at 8:00 a.m. on 27 March 2020.

Total Voting Rights:

Following EIS/VCT Admission and General Admission, the Company's issued share capital will comprise 138,539,466 ordinary shares of 1p each and may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.  The Company does not hold any shares in treasury.  

Commenting on the results of the General Meeting and Open Offer Graeme Purdy, Chief Executive of Ilika, said: "We are delighted with the support of both existing and new investors and look forward to delivering on the opportunity to be a leader in the commercial sales of solid-state batteries."

Defined terms used in this announcement will have the meanings (unless the context otherwise requires) set out in the circular dated 9 March 2020, which is available on the Company's website www.ilika.com.