Angle PLC - Result of Placing
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN (THIS "ANNOUNCEMENT") IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM
FURTHER, THIS ANNOUNCEMENT IS MADE FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE SHARES IN ANGLE PLC IN ANY JURISDICTION IN WHICH ANY SUCH, OFFER OR SOLICITATION WOULD BE UNLAWFUL.
("ANGLE" or the "Company")
Result of Placing
The Issue Price was the closing mid-market price of an Ordinary Share of 61.5 pence on 24 June 2019.
A circular to Shareholders is expected to be posted shortly, including details of the General Meeting and the Resolutions and will be available on the Company's website, www.angleplc.com.
The General Meeting will be held at 10.00 a.m. on 12 July 2019 at the offices of the Company at
Related Party Transaction
The participation by
The Directors of the Company, having consulted with finnCap in its capacity as the Company's Nominated Adviser for the purposes of the AIM Rules, consider the terms on which Jupiter is to participate in the Placing to be fair and reasonable insofar as the Company's Shareholders are concerned.
General Meeting and Admission
The Placing is conditional, inter alia, upon the passing of the Resolutions at the General Meeting and upon the relevant Admission becoming effective.
Upon Admission the Enlarged Issued Share Capital is expected to be 172,754,816 Ordinary Shares. On this basis, the Placing Shares will represent approximately 16.94 per cent. of the Company's Enlarged Issued Share Capital.
Application will be made for the 29,268,294 Placing Shares to be admitted to trading on AIM.
Subject to the Resolutions having been passed and the Placing Agreement not having been terminated in accordance with its terms, it is anticipated that admission of the Placing Shares will occur at
Capitalised terms not otherwise defined in this announcement shall have the same meaning ascribed to such terms in the announcement released earlier today unless the context requires otherwise.
For further information:
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+44 (0) 1483 343434
finnCap Ltd (NOMAD and Joint Broker)
Corporate Finance -
Corporate Broking -
+44 (0)20 7220 0500
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+44 (0) 203 705 9330
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+1 646 574 3171
+44 (0) 203 727 1000
This Announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR"). Prior to publication, certain information contained within this Announcement was deemed to constitute inside information for the purposes of Article 7 of MAR. In addition, market soundings (as defined in MAR) were taken in respect of the Placing with the result that certain persons became aware of inside information (as defined in MAR), as permitted by MAR. Due to the publication of this Announcement, those persons that received inside information in a market sounding are no longer in possession of such inside information relating to the Company and its securities.
This information is provided by RNS, the news service of the
Quick facts: ANGLE PLC
Market Cap: £105.41 m
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