Draper Esprit PLC Result of General Meeting & Completion of Placing (5000I)
June 19 2017 - 9:50AM
UK Regulatory
TIDMGROW
RNS Number : 5000I
Draper Esprit PLC
19 June 2017
THIS ANNOUNCEMENT AND THE INFORMATION IN IT, IS RESTRICTED, AND
IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES,
CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY
OTHER JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION WOULD
BE UNLAWFUL.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT
ITSELF CONSTITUTE AN OFFER FOR SALE OR SUBSCRIPTION OF ANY
SECURITIES IN THE COMPANY. THIS ANNOUNCEMENT HAS BEEN ISSUED BY AND
IS THE SOLE RESPONSIBILITY OF THE COMPANY.
19 June 2017
Draper Esprit plc
("Draper Esprit" or the "Company")
Result of General Meeting and completion of placing and
subscription
The Board of Draper Esprit plc (AIM:GROW, ESM: GRW), a leading
venture capital firm involved in the creation, funding and
development of high-growth digital technology businesses across
Europe, is pleased to announce that at a general meeting of the
Company held earlier today all resolutions were duly passed.
Accordingly, and as set out in the announcement dated 2 June
2017, the Company now has the requisite authority to complete the
placing and subscription to raise gross proceeds of GBP100
million.
Application has been made for 29,012,346 new ordinary shares
("Ordinary Shares") to be admitted to trading on AIM and the ESM
("Admission") and it is expected that Admission will occur on 20
June 2017. Following Admission, the Company will have 69,759,922
Ordinary Shares in issue. It is expected that a further application
will be made in due course in respect of the Invesco Subscription
Shares (as defined in the announcement dated 2 June 2017) on the
receipt of the requisite approval from the FCA pursuant to section
185 of FSMA.
Ends
For further information, please contact:
Draper Esprit plc
Simon Cook (Chief Executive Officer)
Ben Wilkinson (Chief Financial Officer) +44 (0)20 7931 8800
Numis Securities
Nominated Adviser & Joint Broker
Alex Ham
Richard Thomas
Jamie Loughborough
Harry Trueman +44 (0)20 7260 1000
Goodbody Stockbrokers
ESM Adviser & Joint Broker
Don Harrington
Linda Hickey
Charlotte Craigie
Richard Tunney +353 1 667 0420
Belvedere Communications (PR)
John West
Kim van Beeck +44 (0)20 3567 0510
Notes to Editors
Draper Esprit (www.draperesprit.com) was founded in 2006, and is
one of the largest and most active VC firms in Europe, helping
entrepreneurs to build global ground-breaking technology companies
through hands-on board level support, internationalisation and
commercialisation activities and investment.
In 2016, with the support of new institutional investors and
existing shareholders, Draper Esprit transformed into a listed PLC
model (LSE: GROW.L, ESM GRW.I) to take a longer term, multi-stage,
patient capital approach. In recent years, Draper Esprit's exits
have generated more than $4.0 billion in combined enterprise
value.
Draper Esprit is the exclusive Western European member of the
Silicon Valley-based Draper Global Network, with offices around the
world and portfolio companies including Baidu, Skype, Space X,
Tesla and other world leading companies.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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