GB Group PLC Result of Placing (6255E)
May 09 2017 - 8:01AM
UK Regulatory
TIDMGBG
RNS Number : 6255E
GB Group PLC
09 May 2017
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE
UNITED STATES, AUSTRALIA, CANADA, JAPAN, SINGAPORE, THE REPUBLIC OF
SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE,
PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT IS
NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES. THE
SECURITIES DISCUSSED HEREIN HAVE NOT BEEN AND WILL NOT BE
REGISTERED UNDER THE US SECURITIES ACT OF 1933, AS AMENDED (THE "US
SECURITIES ACT") AND MAY NOT BE OFFERED OR SOLD IN THE UNITED
STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER
THE US SECURITIES ACT. NO PUBLIC OFFERING OF THE SECURITIES
DISCUSSED HEREIN IS BEING MADE IN THE UNITED STATES AND THE
INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFERING OF
SECURITIES FOR SALE IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN,
SINGAPORE OR THE REPUBLIC OF SOUTH AFRICA.
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 GB GROUP PLC
IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD
BE UNLAWFUL.
Date: 9 May 2017
On behalf GB Group plc ("GBG" or the "Group"
of: or the "Company")
Embargoed Immediate release
until:
GB GROUP PLC
Result of Placing
GBG, the identity data intelligence specialist, is pleased to
announce the successful completion of the placing announced earlier
today (the "Placing") in connection with GBG's conditional
agreement to acquire the entire issued share capital of Postcode
Anywhere (Holdings) Ltd ("PCA Predict").
A total of 17,058,824 new Ordinary Shares of the Company (the
"Placing Shares") have been placed by Peel Hunt LLP ("Peel Hunt")
by way of a vendor placing at a price of 340 pence per share (the
"Placing Price"), representing a 3.4 per cent discount to the
closing price on 8 May 2017 (being the day prior to this
announcement) with new and existing investors, raising proceeds of
approximately GBP58 million.
The Placing Shares will represent approximately 12.7 per cent.
of the existing Ordinary Shares.
Application has been made to the London Stock Exchange for the
Placing Shares to be admitted to trading on AIM. It is expected
that admission to AIM will become effective and that dealings on
AIM will commence in the Placing Shares on 11 May 2017.
Chris Clark, GBG's CEO, commented,
"I would like to thank our existing and new shareholders for the
faith they have put in GBG. The widespread investor interest in
this fundraise is a strong endorsement of GBG's momentum and
prospects."
Total Voting Rights
In accordance with the provisions of the Disclosure Guidance and
Transparency Rules of the Financial Conduct Authority, the Company
confirms that, following the issue of the Placing Shares, its
issued share capital will comprise 151,765,745 ordinary shares of
2.5 pence each. All of the ordinary shares have equal voting
rights. The total number of voting rights in the Company is
therefore 151,765,745.
This figure may be used by shareholders 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
share capital of the Company under the Disclosure Guidance and
Transparency Rules.
Unless otherwise stated, defined terms used in this announcement
will have the meaning set out in the Placing Announcement.
For further information, please contact:
GB Group plc
Chris Clark, Chief Executive
Dave Wilson, Group Finance and
Operations Director 01244 657333
------------------------------------ ----------------
Peel Hunt LLP (Nominated Adviser,
Broker and Bookrunner)
Corporate: Richard Kauffer, Euan
Brown 020 7418 8900
ECM: Al Rae, Rory James-Duff,
Sohail Akbar 020 7418 8914
------------------------------------ ----------------
Newgate
Bob Huxford
Ed Treadwell
Sophie O'Donoghue 020 7680 6550
------------------------------------ ----------------
Website www.gbgplc.com
------------------------------------ ----------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEAFSNESNXEFF
(END) Dow Jones Newswires
May 09, 2017 08:01 ET (12:01 GMT)
Gb (LSE:GBG)
Historical Stock Chart
From Apr 2024 to May 2024
Gb (LSE:GBG)
Historical Stock Chart
From May 2023 to May 2024