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Defence Holdings PLC - London-based defence software maker - Raises £4.0 million gross from the placing of 400.0 million new shares at 1 pence each on Friday. The raise is conducted via an accelerated bookbuild announced late on Thursday, which Defence Holdings says is ‘significantly oversubscribed’. Chief Executive Officer Andrew Roughan comments: ‘The additional capital will enable us to accelerate execution of our strategic playbook, pursue further high-value opportunities across our defence portfolio and deepen our participation in the UK and European defence technology ecosystem at a time of unprecedented demand for innovative, software - led capability.’ Defence Holdings had announced its ’Meridian’ capability programme earlier this month. The aims to unite ‘customer access, capital support and operational infrastructure within a single framework’ to close a perceived gap between ‘promising technologies’ and customer requirements in the defence sector. Current stock price: 1.16 pence, down 0.9% in London on Monday 12-month change: up from 0.43p Copyright 2026 Alliance News Ltd. All Rights Reserved.
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