Norman Broadbent PLC Result of ABB (2681S)
September 29 2017 - 7:15AM
UK Regulatory
TIDMNBB
RNS Number : 2681S
Norman Broadbent PLC
29 September 2017
DISSEMINATION OF A REGULATORY ANNOUNCEMENT THAT CONTAINS INSIDE
INFORMATION ACCORDING TO REGULATION (EU) NO 596/2014 (MAR).
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT
CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN
OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY NEW ORDINARY
SHARES OF NORMAN BROADBENT PLC IN ANY JURISIDICTION IN WHICH ANY
SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.
29 September 2017
Norman Broadbent plc
("Norman Broadbent" or the "Company")
Confirmation of successful GBP1.23 million fundraise
Norman Broadbent (AIM: NBB), a leading provider of Talent
Acquisition & Advisory Services, comprising Board &
Executive Search, Interim Management, Research & Insight,
Leadership Consulting & Assessment, and executive level
Recruitment Solutions, is pleased to announce that, following the
announcement of earlier today ("Announcement"), the Company has
raised a total of GBP1.23 million (before expenses) with new and
existing investors through the subscription of 12,252,250 Placing
Shares at a price of 10 pence per share.
The Placing, which was led by WH Ireland, is subject to the
terms and conditions set out in the Appendix to the Announcement
made earlier today and conditional, inter alia, on the approval of
shareholders at a forthcoming General Meeting, as set out in a
Circular which has been posted to shareholders today, which will be
convened to seek authority for the Directors to issue and allot the
Placing shares otherwise than on a non-pre-emptive basis.
Application will be made for admission of the 12,252,250 Placing
Shares to trading on AIM and it is expected that Admission will
take place at 8.00 a.m. on 18 October 2017.
Following Admission, Norman Broadbent will have 53,885,570
Ordinary Shares in issue and admitted to trading on AIM. The
figure, therefore, of 53,885,570 Ordinary Shares may be used by
Shareholders as the denominator for the calculations by which they
will determine whether they are required to notify their interest
in, or a change to their interest in, the share capital of Norman
Broadbent under the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules. The Company holds no Ordinary
Shares in treasury.
Michael Brennan, CEO of Norman Broadbent, commented:
"I am delighted that our key shareholders have supported this
successful fund raise. This additional investment will help us as
we enter Phase Two of our plan, and further accelerate the growth
of Norman Broadbent Group. This is an exciting time for everyone
involved with the Company, and I look forward to updating the
market further as we continue to move from strength to
strength"
Capitalised terms not otherwise defined in this announcement
shall have the same meaning ascribed to such terms in the
announcement released earlier today unless the context requires
otherwise.
For further information, please contact:
Norman Broadbent plc
Mike Brennan / Frank Carter 020 7484 0000
WH Ireland Limited
Paul Shackleton / Jessica Cave
/ Alex Bond 0207 220 1666
For further information visit www.normanbroadbent.com
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
This information is provided by RNS
The company news service from the London Stock Exchange
END
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