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EnSilica PLC - Oxford, England-based computer microchip maker for space and communications, industrial, and automotive markets - Raises £14 million from the sale of 15.4 million new shares at 91 pence each, with EnSilica planning to use the cash to capitalise on the growing satellite communications market. The company hopes to raise a further £1 million from a retail share offer via the BookBuild Platform. Both offers were first announced after the London market close on Monday. The institutional placing is conducted by Allenby Capital Ltd and Panmure Liberum Ltd as an accelerated bookbuild, which EnSilica says was oversubscribed. Esterhuyzen Ltd buys 6.0 million of the placing shares and now has 21.5 million shares, a 16.6% stake. EnSilica Chief Executive Officer Ian Lankshear continues to hold 16.0 million shares, which is diluted down to a 12.4% stake. The company calls a general meeting for July 27 to approve the share offer. EnSilica raised £10 million in equity back in March, which it says it invested in securing contracts with a total lifetime value of $175 million. Within the space sector, EnSilica says it has identified sales opportunities with satellite user terminal ASSPs - application specific standard parts - and satellite payload beamforming application specific integrated circuits. ‘The opportunity is building, and the company currently has four satellite chips sampling with customers and three engagements with major operators for satellite user terminal ASSPs,’ it says. Current stock price: 93.00p for £107.4 million market capitalisation 12-month change: more than doubled from 39.00p Copyright 2026 Alliance News Ltd. All Rights Reserved.
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