European Wealth Group Limited RESULTS OF FUNDRAISING AND DIRECTORS' DEALINGS (0071M)
October 07 2016 - 6:18AM
UK Regulatory
TIDMEWG TIDMEWGL
RNS Number : 0071M
European Wealth Group Limited
07 October 2016
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS NOT
FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,
IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA,
CANADA, JAPAN, OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER
JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.
FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND
SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION
OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY NEW
COMMON SHARES OF EUROPEAN WEALTH GROUP LIMITED IN ANY JURISDICTION
IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.
7 October 2016
European Wealth Group Limited
("European Wealth", or "the Group" or "the Company")
RESULTS OF FUNDRAISING AND DIRECTORS' DEALINGS
Following an announcement earlier today, European Wealth (AIM:
EWG, EWGL), the integrated financial planning and wealth management
group, is delighted to announce that it has it has raised
GBP291,100 through a direct share subscription by investors to the
Company for 582,200 new Ordinary Shares at a price of 50.0 pence
per Ordinary Share (the "Subscription Shares").
Application will be made for the Subscription Shares to be
admitted to trading on AIM. It is expected that the dealings in
these new Ordinary Shares will commence on AIM on or around the 13
October 2016 ("Admission").
Following Admission, the Company will have in issue 25,392,681
Ordinary Shares (the "Enlarged Issued Share Capital"). The Company
does not hold any Ordinary Shares in treasury. Therefore, the total
number of Ordinary Shares with voting rights in the Company will be
25,392,681.
As part of the fundraising, Kenneth ("Buzz") West, Non-executive
Chairman of the Company, has subscribed for 20,000 Subscription
Shares at a price of 50.0 pence per Ordinary Share. Following the
purchase, Buzz West has a beneficial interest of 346,306 Ordinary
Shares representing 1.36% of the Enlarged Issued Share Capital.
Simon Ray, Chief Operating Officer of the Company, has also
subscribed for 20,000 Subscription Shares at a price of 50.0 pence
per Ordinary Share as part of the fundraising. Following the
purchase, Simon Ray has a beneficial interest of 259,336 Ordinary
Shares representing 1.02% of the Enlarged Issued Share Capital.
For further details, please contact:
European Wealth Group Limited Tel: +44 (0)20
John Morton 7293 0733
www.europeanwealth.com
Panmure Gordon (UK) Limited (Nomad Tel: +44 (0)20
and Broker) 7886 2500
Andrew Potts / Alina Vaskina
(Corporate Finance)
Erik Anderson (Corporate Broking)
Newgate Communications Tel: +44 (0) 20
Alistair Kellie / Adam Lloyd 7680 6550
/ Ed Treadwell
Note: This announcement contains inside information which is
disclosed in accordance with the Market Abuse Regulation.
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) Names Kenneth ("Buzz") West
---- ------------------------- ------------------------------
2 Reason for the notification
---- ---------------------------------------------------------
a) Position/status Non-Executive Chairman
---- ------------------------- ------------------------------
b) Initial notification Initial Notification
/Amendment
---- ------------------------- ------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
---- ---------------------------------------------------------
a) Name European Wealth Group Limited
---- ------------------------- ------------------------------
b) LEI N/a
---- ------------------------- ------------------------------
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 Ordinary Shares of 5p each
the financial
instrument, type
of instrument
---- ------------------------- ------------------------------
b) Identification GG00BKY4K072
code
---- ------------------------- ------------------------------
c) Nature of the Purchase of shares
transaction
---- ------------------------- ------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
50p 20,000
--------- ----------
---- ------------------------- ------------------------------
d) Aggregated information 20,000
- Aggregated
volume 50p
- Price
------------------------------ ------------------------------
e) Date of the transaction 7 October 2016
---- ------------------------- ------------------------------
f) Place of the London Stock Exchange
transaction
---- ------------------------- ------------------------------
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) Names Simon Ray
---- ------------------------- ------------------------------
2 Reason for the notification
---- ---------------------------------------------------------
a) Position/status Chief Operating Officer
---- ------------------------- ------------------------------
b) Initial notification Initial Notification
/Amendment
---- ------------------------- ------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
---- ---------------------------------------------------------
a) Name European Wealth Group Limited
---- ------------------------- ------------------------------
b) LEI N/a
---- ------------------------- ------------------------------
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 Ordinary Shares of 5p each
the financial
instrument, type
of instrument
---- ------------------------- ------------------------------
b) Identification GG00BKY4K072
code
---- ------------------------- ------------------------------
c) Nature of the Purchase of shares
transaction
---- ------------------------- ------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
50p 20,000
--------- ----------
---- ------------------------- ------------------------------
d) Aggregated information 20,000
- Aggregated
volume 50p
- Price
------------------------------ ------------------------------
e) Date of the transaction 7 October 2016
---- ------------------------- ------------------------------
f) Place of the London Stock Exchange
transaction
---- ------------------------- ------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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