Ultimate Sports Group PLC Equity subscription (5853F)
July 15 2019 - 10:45AM
UK Regulatory
TIDMUSG
RNS Number : 5853F
Ultimate Sports Group PLC
15 July 2019
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
15 July 2019
Ultimate Sports Group PLC
("USG" or the "Company" or the "Group")
Equity subscription
Ultimate Sports Group PLC, the AIM listed investment vehicle, is
pleased to announce that the Company has raised GBP290,000 before
expenses by way of a conditional subscription for 2,000,000 new
ordinary shares of 1 pence each ("Subscription Shares") at a price
of 14.5 pence per share (the "Subscription"). The net proceeds of
the Subscription will be used for general working capital
purposes.
The Subscription Shares are expected to be admitted to trading
on AIM at 8am on 24 July 2019.
The Issue Price represents a discount of 0.07 per cent. to the
closing price of 14.65 pence on 12 July 2019. The Subscription is
not being underwritten and is conditional on admission of the
Subscription Shares to trading on AIM. The Subscription is being
conducted pursuant to the existing authorities granted to the
Directors of the Company at its annual general meeting on 29 August
2018. The Subscription Shares represent approximately 5.6 per cent.
of the Company's issued share capital as enlarged by the
Subscription Shares.
Application has been made to the London Stock Exchange for the
Subscription Shares to be admitted to trading on AIM ("Admission")
and it is expected that such Admission will occur at 8.00 a.m. on
24 July 2019. The Subscription Shares will be issued credited as
fully paid and will rank in full for all dividends and other
distributions declared, made or paid after the admission of the
Subscription Shares, respectively and will otherwise be identical
to and rank on Admission pari passu in all respects with the
existing ordinary shares of 1 pence each of the Company.
Following Admission, the Company will have 35,561,638 Ordinary
Shares in issue, none of which will be held in treasury.
Accordingly, the total number of voting rights in the Company will
be 35,561,638 and shareholders may use this figure as the
denominator for 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 FCA's Disclosure Guidance and
Transparency Rules.
* * ENDS * *
For further information, please visit www.ultimatesportsgroup.me
or contact:
Ultimate Sports Group PLC
Geoffrey Simmonds, Managing Director +44 (0)20 7935 0823
St Brides (Financial PR)
Catherine Leftley/Gaby Jenner +44 (0)20 7236 1177
Cantor Fitzgerald Europe (Nomad and Broker)
David Foreman +44 (0)20 7894 7000
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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July 15, 2019 10:45 ET (14:45 GMT)
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