LightwaveRF PLC Result of Open Offer (2259T)
March 19 2019 - 3:01AM
UK Regulatory
TIDMLWRF
RNS Number : 2259T
LightwaveRF PLC
19 March 2019
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
19 March 2019
LightwaveRF plc
("LightwaveRF" or the "Company")
Result of Open Offer
Further to its announcement of 28 February 2019
("Announcement"), LightwaveRF (AIM: LWRF), the leading smart homes
solutions provider, announces the result of the Open Offer to
Qualifying Shareholders.
The Open Offer closed for applications at 11.00 a.m. on 18 March
2019 and the Company announces that it has received valid
acceptances from Qualifying Shareholders in respect of 5,205,417
Open Offer Shares, which includes applications received under the
Excess Application Facility. This represents 87 per cent. of the
Open Offer Shares available under the Open Offer which at the Issue
Price has raised approximately GBP440,000.
It is expected that, subject to the Open Offer becoming
unconditional in all respects, Admission will become effective and
that dealings in the Open Offer Shares will commence at 8.00 a.m.
on 20 March 2019.
This announcement should be read in conjunction with the
Announcement and the full text of the Circular dated 1 March 2019,
copies of which are available on the Company's website at
www.lightwaverf.com. Capitalised terms in this announcement have
the same meaning as given in the Circular.
For further enquiries please contact:
LightwaveRF plc www.LightwaveRF.com
Jason Elliott, CEO +44 (0) 121 250 3625
Kevin Edwards, CFO
Stockdale Securities Limited
Tom Griffiths / David Coaten +44 (0) 20 7601 6100
Yellow Jersey PR www.yellowjerseypr.com
Charles Goodwin +44 (0) 7747 788 221
About LightwaveRF
LightwaveRF is the UK's only fully integrated home automation
company.
New customers typically buy a starter pack of Link Plus hub and
smart dimmer which has Apple HomeKit compatibility, 2-way
communication and built-in energy monitoring. Later adding other
easy to install devices from the Lightwave range enables further
in-home control, monitoring and automation of lighting, heating and
power.
Devices may be operated manually, by smartphone or tablet-based
apps and also through Google Assistant and Amazon Alexa voice
control.
Leading tech industry publication 9to5 Mac describes LightwaveRF
as "the best UK HomeKit solution for smart lighting".
For further information and "Newsletter sign up", please visit:
www.LightwaveRF.com/corporate/
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END
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