Flowtech Fluidpower (LSE:FLO) has received shareholder approval for a package of resolutions that unlocks fresh funding, clears the path for a planned acquisition and reshapes its capital base.
Flowtech Fluidpower said all proposals were passed at its general meeting, enabling the company to move ahead with a £9 million institutional placing alongside a £0.6 million retail offer. The enlarged share capital is expected to be admitted to trading on AIM on 9 February 2026.
The vote also satisfies the final shareholder condition linked to Flowtech’s proposed acquisition, which is expected to complete once the placing proceeds are received. In parallel, investors approved a capital reorganisation that will subdivide each existing 50p ordinary share into a 5p voting ordinary share and a 45p deferred share. Following the reorganisation, Flowtech will have approximately 81.4 million ordinary shares in issue, a step intended to simplify the group’s capital structure and support future fundraising and growth initiatives.
From a market standpoint, Flowtech’s shares continue to reflect underlying financial pressures, particularly around profitability and recent revenue trends. Technical indicators remain bearish, but recent corporate developments are seen as supportive, pointing to improving revenue momentum and a stronger sales pipeline. Valuation metrics remain challenging, however, given the company’s negative earnings profile and lack of dividend support.
More about Flowtech Fluidpower
Flowtech Fluidpower is an AIM-quoted specialist distributor and engineering services provider focused on hydraulics, pneumatics and process engineering solutions. The group serves industrial customers across the UK, Ireland and the Benelux, supplying components, systems and technical expertise to a broad manufacturing and processing client base.
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