Numis Securities Limited Placing of Mortgage Advice Bureau Shares (8014T)
March 29 2021 - 6:04AM
UK Regulatory
TIDMMAB1
RNS Number : 8014T
Numis Securities Limited
29 March 2021
29 March 2021
Placing of 3,675,000 ordinary shares in Mortgage Advice Bureau
(Holdings) plc
("MAB" or the "Company")
Peter Brodnicki and David Preece (together, the "Sellers"), both
of whom are PDMRs of the Company, have sold, subject to completion,
3,075,000 and 600,000 ordinary shares of 0.1 pence each in the
Company respectively (the "Placing Shares") at a price of 1,100
pence per share (the "Placing"). The Placing Shares represent
approximately 6.9 per cent. of the Company's issued share capital.
The Placing was carried out in response to strong institutional
demand in the Company's shares.
Following completion of the Placing, Peter Brodnicki will hold
10,401,227 ordinary shares in MAB, representing 19.6 per cent. of
the Company's issued share capital and David Preece will hold
924,800 ordinary shares in MAB, representing 1.7 per cent. of the
Company's issued share capital.
Peter Brodnicki and David Preece have agreed that they will not,
for a period of 180 days following the Placing, offer, sell or
otherwise transfer any remaining MAB shares without the consent of
Numis and Peel Hunt, subject to certain customary exceptions.
The proceeds of the Placing are payable in cash and will be
settled on a T+2 basis (unless otherwise agreed), and settlement of
the Placing is expected to occur on or about 31 March 2021.
The Company will not receive any proceeds from the Placing.
Market Abuse Regulation
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulation. Upon the publication of this announcement via a
regulatory information service, this inside information is now
considered to be in the public domain.
Enquiries:
Numis Securities
Charles Farquhar / Jamie Loughborough +44 (0) 20 7260 1000
Peel Hunt
Alastair Rae / Michael Burke +44 (0)20 7418 8900
DISCLAIMER
THIS ANNOUNCEMENT AND ANY OFFER OF SECURITIES TO WHICH IT
RELATES ARE ONLY ADDRESSED TO AND DIRECTED AT (1) IN ANY MEMBER
STATE OF THE EUROPEAN ECONOMIC AREA, PERSONS WHO ARE QUALIFIED
INVESTORS ("QUALIFIED INVESTORS") WITHIN THE MEANING OF ARTICLE
2(E) OF THE PROSPECTUS REGULATION (REGULATION (EU) 2017/1129) (AS
AMENDED FROM TIME TO TIME); AND (2) IN THE UNITED KINGDOM ,
QUALIFIED INVESTORS WHO (I) HAVE PROFESSIONAL EXPERIENCE IN MATTERS
RELATING TO INVESTMENTS WHO FALL WITHIN ARTICLE 19(5) OF THE
FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER
2005 (AS AMENDED) (THE "ORDER"); OR (II) FALL WITHIN ARTICLE
49(2)(A) TO (D) OF THE ORDER OR (III) ARE PERSONS TO WHOM AN OFFER
OF THE PLACING SHARES MAY OTHERWISE LAWFULLY BE MADE (ALL SUCH
PERSONS REFERRED TO IN (1) AND (2) TOGETHER BEING REFERRED TO AS
"RELEVANT PERSONS"). THE INFORMATION REGARDING THE PLACING SET OUT
IN THIS ANNOUNCEMENT MUST NOT BE ACTED ON OR RELIED ON BY PERSONS
WHO ARE NOT RELEVANT PERSONS. ANY INVESTMENT OR INVESTMENT ACTIVITY
TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO RELEVANT
PERSONS AND WILL BE ENGAGED IN ONLY WITH RELEVANT PERSONS.
This announcement and the information contained herein is for
information purposes only and does not constitute or form part of
any offer of, or the solicitation of an offer to acquire or dispose
of securities in the United States , Canada , Australia , South
Africa or Japan or in any other jurisdiction in which such an offer
or solicitation is unlawful. Neither this announcement nor any copy
of it may be taken, transmitted or distributed, directly or
indirectly, in or into or from the United States (including its
territories and possessions ), Canada , Australia , South Africa or
Japan . The distribution of this announcement may be restricted by
law in certain jurisdictions and persons into whose possession this
document or other information referred to herein comes should
inform themselves about and observe any such restriction. Any
failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction.
The securities referred to herein have not been, and will not
be, registered under the US Securities Act of 1933, as amended (the
" US Securities Act "), or under the applicable securities laws of
any state or other jurisdiction of the United States or of Canada ,
Australia , South Africa or Japan or of any other jurisdiction .
Such securities may not be offered or sold in the United States
unless registered under the US Securities Act or offered in a
transaction exempt from, or not otherwise subject to, the
registration requirements of the US Securities Act and the
securities laws of any relevant state or other jurisdiction of the
United States . There will be no offering of such securities in the
United States or in any other jurisdiction.
No prospectus or offering document has been or will be prepared
in connection with the Placing. Any investment decision to buy
securities in the Placing must be made solely on the basis of
publicly available information. Such information is not the
responsibility of and has not been independently verified by either
of the Sellers, Numis Securities Limited ("Numis"), Peel Hunt LLP
("Peel Hunt") or any of their respective affiliates.
The distribution of this announcement and the offering or sale
of the Placing Shares in certain jurisdictions may be restricted by
law. No action has been taken that would, or which is intended to,
permit a public offer of the Placing Shares in any jurisdiction or
possession or distribution of this announcement or any other
offering or publicity material relating to the Placing Shares in
any jurisdiction where action for that purpose is required. Persons
into whose possession this announcement comes are required by the
Sellers, Numis and Peel Hunt to inform themselves about and to
observe any applicable restrictions.
Numis and Peel Hunt, which are authorised and regulated by the
Financial Conduct Authority in the United Kingdom, are acting only
for the Sellers in connection with the Placing and will not be
responsible to anyone other than the Sellers for providing the
protections offered to its clients nor for providing advice in
relation to the Placing or any matters referred to in this
announcement.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCJLMMTMTMTBBB
(END) Dow Jones Newswires
March 29, 2021 06:04 ET (10:04 GMT)
Mortgage Advice Bureau (... (LSE:MAB1)
Historical Stock Chart
From Apr 2024 to May 2024
Mortgage Advice Bureau (... (LSE:MAB1)
Historical Stock Chart
From May 2023 to May 2024