Issued Share Capital - Replacement

Celtic plc issued 16,612 new shares via a routine scrip dividend scheme.

What the company is saying

Celtic plc reports the issuance of 16,612 Ordinary Shares of 1p each under its scrip dividend reinvestment scheme, dated 28 August 2026. The announcement details the updated share capital: 95,139,731 Ordinary Shares, 12,623,292 Convertible Preferred Ordinary Shares, 15,467,623 Convertible Cumulative Preference Shares, and 706,616,416 Deferred Shares. The company specifies that the new shares were allotted at a notional price of 213.0p each. Application for admission of these shares to trading on AIM has been made, with trading expected to start on 4 September 2026. The language is strictly factual, with no promotional tone or forward-looking statements beyond the administrative timeline. The announcement emphasizes the procedural nature of the share issuance and provides a granular breakdown of the capital structure. Claims regarding the lack of voting or economic rights for certain share classes are stated but not substantiated with supporting data.

What the data suggests

The only new financial data is the issuance of 16,612 Ordinary Shares at a notional price of 213.0p each, increasing the total Ordinary Shares to 95,139,731 as of 28 August 2026. The disclosure is limited to share capital and does not include any figures on revenue, profit, or cash flow. No comparative or trend data is provided, so the financial trajectory cannot be assessed. The notional value of the new shares is disclosed, but the actual cash impact is not specified. All procedural claims about share issuance and capital structure are supported by the data, but statements about voting and economic rights for CCP and Deferred Shares lack evidentiary backing in the announcement. The data is complete for tracking share capital changes but insufficient for broader financial analysis.

Analysis

The announcement is a procedural disclosure regarding the issuance of 16,612 new Ordinary Shares under a scrip dividend reinvestment scheme and the updated share capital structure. The language is factual and does not contain promotional or exaggerated claims. Only one statement is forward-looking ('Dealings in these New Ordinary Shares are expected to commence on 4 September 2026'), and this is a standard notification of an imminent administrative event, not an aspirational projection. There is no mention of large capital outlays, operational expansion, or financial performance, and no attempt to frame the event as a strategic milestone. The data supports all realised claims, and there is no evidence of narrative inflation or overstatement.

Risk flags

• ●The announcement does not provide any information on the financial impact of the scrip dividend scheme, such as cash retained or dilution effects, which limits investor ability to assess materiality.
• ●Claims about the voting rights and economic entitlements of CCP and Deferred Shares are stated without supporting documentation or references, creating a minor disclosure gap.
• ●No financial performance data accompanies the capital structure update, so investors cannot assess whether the share issuance is part of a broader trend or isolated event.

Bottom line

This is a routine administrative update on Celtic plc's share capital following a small scrip dividend reinvestment. The issuance of 16,612 new Ordinary Shares at a notional 213.0p each marginally increases the total share count, with trading set to begin on 4 September 2026. No financial performance or strategic context is provided, and the announcement does not attempt to frame the event as material. Investors receive full transparency on the capital structure but no insight into broader financial health or direction. The most important takeaway is that this event has negligible impact on valuation or investment thesis, and no action is warranted based on this disclosure alone.

Announcement summary

(LSE/AIM:CCP) Celtic plc issued 16,612 Ordinary Shares of 1p each under the Company's scrip dividend reinvestment scheme on 28 August 2026. As at 28 August 2026, Celtic plc's issued share capital consisted of 95,139,731 Ordinary Shares of 1p each, 12,623,292 Convertible Preferred Ordinary Shares of 100p each, 15,467,623 Convertible Cumulative Preference Shares of 60p each, and 706,616,416 Deferred Shares of 1p each. The new Ordinary Shares of 1p each allotted under the scrip scheme have been issued at a notional price of 213.0p each. Application has been made for the admission of the 16,612 new Ordinary Shares of 1p each to trading on AIM. Dealings in these New Ordinary Shares are expected to commence on 4 September 2026. CCP Shares do not carry voting rights. Deferred Shares are not listed, are not transferable and carry no voting rights or substantive economic rights.

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