TIDMHAT
RNS Number : 1174E
H&T Group PLC
02 July 2019
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, NEW ZEALAND OR THE
REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH
RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF REGULATION 596/2014 ("MAR").
2 July 2019
H&T Group plc
Result of Placing
H&T Group plc ("H&T" or the "Company"), the UK's leading
pawnbroker, is pleased to announce the successful completion of the
placing announced on 1 July 2019 (the "Placing").
A total of 1,882,925 new ordinary shares in the Company of 5p
each (the "Placing Shares") have been placed by Numis Securities
Limited ("Numis") at a price of 316p per Placing Shares (the
"Placing Price"), raising proceeds of GBP6.0m (before
expenses).
The Placing Shares issued represent approximately 5.0% of the
issued ordinary share capital of the Company prior to the Placing.
The Placing Price represents a discount of 0.0% to the closing
price of 316p on 1 July 2019.
In relation to the above, an application has been made to the
London Stock Exchange for the Placing Shares, which will, when
issued, be credited as fully paid and rank pari passu with the
existing ordinary shares, to be admitted to trading on AIM on or
around 4 July 2019.
In accordance with the FCA's Disclosure Guidance and
Transparency Rules, following this issue, the Company's issued
share capital will consist of 39,710,426 ordinary shares. The
Company does not hold any ordinary shares in treasury.
The figure of 39,710,426 ordinary shares should 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 Company under the FCA's
Disclosure Guidance and Transparency Rules.
For further information, please contact:
H&T Group plc
Tel: 0870 9022 600
John Nichols, Chief Executive
Richard Withers, Interim Finance Director
Numis Securities (Broker and Nominated Adviser)
Tel: 020 7260 1000
Luke Bordewich
Oliver Cox
Haggie Partners (Public Relations)
Damian Beeley
Tel: 020 7562 4444
About H&T - www.handt.co.uk
H&T Pawnbrokers began serving communities in London in 1897.
Since then it has expanded to become one of the oldest and leading
pawnbrokers in the UK.
Presence on the high street and excellent customer service to a
localised customer base, have always underpinned H&T's
approach. H&T operates in a fast-moving, competitive
environment. It will continue to succeed by focussing on customer
needs, training, developing and retaining key staff, developing
existing and new products and expanding its distribution
channels.
H&T provide a wide range of services but at the core is the
provision of money to its customer base, whether through a loan or
the sale of an asset.
The Company is listed on the LSE AIM (HAT.L).
Important Notices
This Announcement has been issued by, and is the sole
responsibility of, the Company. No representation or warranty,
express or implied, is or will be made by Numis, or by any of its
partners, directors, officers, employees, advisers, consultants,
affiliates or agents as to or in relation to, the accuracy or
completeness of this Announcement or any other written or oral
information made available to any interested person or its
advisers, and any liability therefore is expressly disclaimed.
This Announcement does not constitute or form part of an offer
to sell or issue or a solicitation of an o er to buy, subscribe for
or otherwise acquire any securities in any jurisdiction including,
without limitation, the United States, Australia, Canada, Japan,
New Zealand, the Republic of South Africa or any other jurisdiction
in which such o er or solicitation would be unlawful.
The Placing Shares have not been and will not be registered
under the U.S. Securities Act of 1933, as amended (the "Securities
Act") or with any securities regulatory authority of any state or
other jurisdiction of the United States and may not be offered,
sold, delivered or transferred, directly or indirectly, in or into
the United States except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the
Securities Act and in compliance with any applicable securities
laws of any state or other jurisdiction of the United States. The
Company does not intend to register any portion of the issue in the
United States or to conduct a public offering of securities in the
United States.
None of the information in this Announcement has been
independently verified or approved by Numis or any of its partners,
directors, officers, employees, advisers, consultants, affiliates
or agents. Save for any responsibilities or liabilities, if any,
imposed on Numis by FSMA or by the regulator regime established
under it, no responsibility or liability is accepted by Numis or
any of its partners, directors, officers, employees, advisers,
consultants, affiliates or agents for any errors, omissions or
inaccuracies in such information or opinions or for any loss, cost
or damage suffered or incurred howsoever arising, directly or
indirectly, from any use of this Announcement or its contents or
otherwise in connection with this Announcement or from any acts or
omissions of the Company in relation to the Placing. Numis, and its
partners, directors, officers, employees, advisers, consultants,
affiliates and agents, disclaim to the fullest extent permitted by
law all and any responsibility or liability whatsoever, whether
arising in tort, contract or otherwise, which it might otherwise
have in respect of this Announcement or any such statement.
Numis, which is authorised and regulated in the United Kingdom
by the FCA, is acting solely for the Company and no-one else in
connection with the transactions and arrangements described in this
Announcement and will not regard any other person (whether or not a
recipient of this Announcement) as a client in relation to the
transactions and arrangements described in this Announcement.
Neither Numis nor its partners, directors, officers, employees,
advisers, consultants, affiliates or agents are responsible to
anyone other than the Company for providing the protections
afforded to clients of Numis or for providing advice in connection
with the contents of this Announcement or for any other matters
referred to herein.
Neither the content of the Company's website (or any other
website) nor the content of any website accessible from hyperlinks
on the Company's website (or any other website) is incorporated
into or forms part of this Announcement.
For the purposes of MAR and Article 2 of Commission Implementing
Regulation (EU) 2016/1055, this Announcement is being made on
behalf of the Company by John Nichols, Chief Executive.
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
ROIRBMLTMBJMBFL
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