Real Good Food PLC Result of Open Offer (4051X)
August 10 2018 - 2:00AM
UK Regulatory
TIDMRGD
RNS Number : 4051X
Real Good Food PLC
10 August 2018
10 August 2018
Real Good Food plc
("Real Good Food", "the Company" or "the Group")
Result of Open Offer
Real Good Food is pleased to announce it has raised gross
proceeds of GBP1.0 million pursuant to the recently announced Open
Offer, which was heavily oversubscribed.
On the 18 July 2018 the Company announced details of an Open
Offer to raise gross proceeds of up to approximately GBP1.0 million
through the issue of 20,115,190 ordinary shares of GBP0.02 each
("Ordinary Shares"). The Open Offer closed for acceptances at 11.00
a.m. on 9 August 2018 and the Company is pleased to announce that
it has received valid acceptances under the Open Offer, including
those received under the Excess Application Facility, in respect of
29,984,154 Ordinary Shares from Qualifying Shareholders. This
represents demand for approximately 149 per cent. of the Offer
Shares. Qualifying Shareholders who have validly applied for Offer
Shares will receive their application in full and those Qualifying
Shareholders who have validly applied for Excess Shares will
receive approximately 60.78 per cent. of their application on a pro
rata basis, resulting in the issue of the full 20,115,190 Ordinary
Shares under the Open Offer.
The Open Offer remains conditional, inter alia, upon all
Resolutions being passed at the General Meeting to be held at 11.00
a.m. on 13 August 2018 and Admission. The Company expects to
announce the results of the General Meeting as soon as practicable
on 13 August 2018 after the meeting concludes. It is expected that
Admission will become effective on 17 August 2018.
Enquiries:
Real Good Food plc Tel: 0151 541 3790
Hugh Cawley, Chief Executive
Harveen Rai, Finance Director
finnCap Limited (Nomad and Broker) Tel: 020 7220 0500
Matt Goode / Carl Holmes / James Thompson
(Corporate Finance)
MHP Communications (Financial PR) Tel: 020 3128 8100
Reg Hoare / Katie Hunt rgf@mhpc.com
About Real Good Food
Real Good Food plc is a diversified food business serving a
number of market sectors including retail, manufacturing,
foodservice and export. The Company focuses on three main markets:
Cake Decoration (Renshaw and Rainbow Dust Colours), Food
Ingredients (R W Scott and Brighter Foods) and Premium Bakery
(Haydens and Chantilly Patisserie).
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
Unless otherwise defined herein, capitalised terms used in this
announcement shall have the same meanings as defined in the
Company's Circular dated 18 July 2018.
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
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