TIDMING
RNS Number : 3512G
Ingenta PLC
14 November 2022
Ingenta plc
("Ingenta" or the "Company")
Result of Tender Offer
Ingenta plc, a leading provider of software and services to the
global publishing industry, is pleased to announce the result of
the Tender Offer, details of which were set out in the circular
published by the Company on 25 October 2022 (the "Circular").
The maximum aggregate number of Ordinary Shares that could be
purchased pursuant to the Tender Offer was 1,796,484 Ordinary
Shares, representing 11 per cent. of the Company's issued share
capital (excluding Ordinary Shares held in treasury). The Tender
Price was 115 pence per Ordinary Share.
The Tender Offer was significantly oversubscribed with a total
of 5,402,668 Ordinary Shares, representing 33.08 per cent. of the
Company's issued share capital (excluding Ordinary Shares held in
treasury), being validly tendered by Shareholders under the Tender
Offer. In accordance with the terms and conditions of the Tender
Offer, the number of Ordinary Shares purchased will be scaled back
in accordance with the scaling mechanism as set out in paragraph
2.14 of Part III of the Circular.
Accordingly, a total of 1,796,484 Ordinary Shares will,
therefore, be purchased under the Tender Offer and subsequently
cancelled. The total value which will be returned to Shareholders
pursuant to the Tender Offer will be approximately GBP2.07
million.
Payment of the consideration due to Shareholders whose tenders
under the Tender Offer have been accepted is expected to be
despatched (by cheque or by a CREST payment, as appropriate) along
with balance certificates in respect of non-tendered shares, on or
before 28 November 2022.
The Company announces that it has been notified that Martyn
Rose, Chairman (and parties connected to him) and Mark Rowse,
Non-executive Director, tendered 510,995 Ordinary Shares and 48,430
Ordinary Shares, respectively, in the Tender Offer. Following these
transactions, Martyn Rose (and parties connected to him) and Mark
Rowse, beneficially hold 4,134,417 Ordinary Shares and 391,847
Ordinary Shares representing 28.44 per cent. and 2.70 per cent.
respectively of the Company's issued share capital following the
Tender Offer (excluding Ordinary Shares held in treasury).
The Company announces that it has been notified that Kestrel
Partners LLP ("Kestrel"), a substantial shareholder in the Company
(and a person deemed to be closely associated with Sebastian White,
Non-executive Director), tendered 1,046,409 Ordinary Shares in the
Tender Offer (following application of the scale back mechanism).
Following this transaction, Kestrel beneficially holds 3,588,864
Ordinary Shares representing 24.69 per cent. of the Company's
issued share capital following the Tender Offer (excluding Ordinary
Shares held in treasury).
Following the implementation of the Tender Offer and the
cancellation of the tendered Ordinary Shares, the Company will have
15,123,125 Ordinary Shares in issue with 587,930 Ordinary Shares
held in treasury. Therefore, the total number of voting rights in
the Company will be 14,535,195. The figure of 14,535,195 may be
used by the Company's shareholders as the denominator in the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
Company under the Financial Conduct Authority's Disclosure,
Guidance and Transparency Rules.
Capitalised terms in this announcement (unless otherwise
defined) have the same meanings as set out in the Circular.
For further information please contact:
Ingenta plc Tel: 01865 397 800
Scott Winner / Jon Sheffield
Cenkos Securities plc Tel: 0207 397 8900
Katy Birkin / Callum Davidson
Cenkos, which is authorised and regulated by the Financial
Conduct Authority, is acting for the Company and for no one else in
connection with the Tender Offer and will not be responsible to
anyone other than the Company for providing the protections
afforded to customers of Cenkos or for affording advice in relation
to the Tender Offer, the contents of this announcement or any
transaction, arrangement or other matter referred to in the
Circular.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Martyn Rose and M C Rose & J Sykes
as Trustees of the MC Rose Settlement
No 1
-------------------------- ---------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Chairman
-------------------------- ---------------------------------------
b) Initial notification Initial
/Amendment
-------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Ingenta plc
-------------------------- ---------------------------------------
b) LEI 213800QU4IVLTQZL3T37
-------------------------- ---------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------
a) Description of the Ordinary Shares of 10p each
financial instrument,
type of instrument
ISIN: GB00B3BDTG73
Identification code
-------------------------- ---------------------------------------
b) Nature of the transaction Sale of Ordinary Shares pursuant
to the Tender Offer
-------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP1.15 510,995
----------
-------------------------- ---------------------------------------
d) Aggregated information N/A -single transaction
- Aggregated volume
- Price
-------------------------- ---------------------------------------
e) Date of the transaction 11 November 2022
-------------------------- ---------------------------------------
f) Place of the transaction XOFF
-------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Kestrel Partners LLP
-------------------------- -----------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status Person closely associated with Sebastian
White, Non-Executive Director
-------------------------- -----------------------------------------
b) Initial notification Initial
/Amendment
-------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name Ingenta plc
-------------------------- -----------------------------------------
b) LEI 213800QU4IVLTQZL3T37
-------------------------- -----------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
---------------------------------------------------------------------
a) Description of the Ordinary Shares of 10p each
financial instrument,
type of instrument
ISIN: GB00B3BDTG73
Identification code
-------------------------- -----------------------------------------
b) Nature of the transaction Sale of Ordinary Shares pursuant
to the Tender Offer
-------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP1.15 1,046,409
----------
-------------------------- -----------------------------------------
d) Aggregated information N/A -single transaction
- Aggregated volume
- Price
-------------------------- -----------------------------------------
e) Date of the transaction 11 November 2022
-------------------------- -----------------------------------------
f) Place of the transaction XOFF
-------------------------- -----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mark Rowse
----------------------------- ------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Non-executive Director
----------------------------- ------------------------------------
b) Initial notification Initial
/Amendment
----------------------------- ------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Ingenta plc
----------------------------- ------------------------------------
b) LEI 213800QU4IVLTQZL3T37
----------------------------- ------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------
a) Description of the Ordinary Shares of 10p each
financial instrument,
type of instrument
ISIN: GB00B3BDTG73
Identification code
----------------------------- ------------------------------------
b) Nature of the transaction Sale of Ordinary Shares pursuant
to the Tender Offer
----------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP1.15 48,430
----------
----------------------------- ------------------------------------
d) Aggregated information N/A -single transaction
- Aggregated volume
- Price
----------------------------- ------------------------------------
e) Date of the transaction 11 November 2022
----------------------------- ------------------------------------
f) Place of the transaction XOFF
----------------------------- ------------------------------------
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END
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