Caledonian Holdings Conditionally Raises Funds Via Share Placing, Subscription

02:48 AM EDT, 08/13/2026 (MT Newswires) -- Caledonian Holdings (CHP.L) said Thursday it conditionally raised 612,000 pounds sterling through a placing and subscription of 48,960,000 shares priced at 0.0125 pound each. The fundraising includes a placing of 46 million shares by Axis Capital Markets to raise 538,000 pounds and subscriptions for 2,960,000 shares by certain directors and senior management team members of its unit Aspire Commerce Group to raise 37,000 pounds. The London-listed investor plans to use the proceeds as working capital to support the launch of Aspire's multi-currency business accounts and associated debit cards. The funds will also help Aspire convert several existing trade finance opportunities into funded transactions.