Sutton Harbour Holdings PLC Result of Open Offer (8853J)
December 10 2018 - 2:00AM
UK Regulatory
TIDMSUH
RNS Number : 8853J
Sutton Harbour Holdings PLC
10 December 2018
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM, ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF
SUCH JURISDICTION.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT
INTENDED TO, AND DOES NOT, CONSTITUTE OR FORM ANY PART OF, AN OFFER
TO SELL OR AN INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY
SECURITIES OR THE SOLICITATION OF ANY VOTE OR APPROVAL IN ANY
JURISDICTION, NOR SHALL THERE BE ANY SALE, ISSUANCE OR TRANSFER OF
THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT IN ANY JURISDICTION
IN CONTRAVENTION OF APPLICABLE LAW.
THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS DEEMED BY THE
COMPANY TO CONSTITUTE INSIDE INFORMATION UNDER THE MARKET ABUSE
REGULATION (EU) NO. 596/2014.
10 December 2018
Sutton Harbour Holdings plc
("Sutton Harbour" or the "Company")
Result of Open Offer
On 22 November 2018, the Company published its shareholder
circular (the "Circular") in connection with the Open Offer.
The Open Offer closed for acceptances at 11.00 a.m. on 6
December 2018.
The Company is pleased to announce that the Open Offer was
oversubscribed by 2.8%. Valid acceptances have been received from
Qualifying Shareholders in respect of 9,254,661 Open Offer Shares
under their Basic Entitlements, and for 1,371,850 Open Offer Shares
under the Excess Application Facility.
Qualifying Shareholders who have validly applied for their Basic
Entitlement will receive this in full. Applications for Open Offer
Shares under the Excess Application Facility will be scaled back
pro rata to the number of Excess Shares applied for by Qualifying
Shareholders under the Excess Application Facility.
The Company has therefore raised gross proceeds of approximately
GBP3.0 million through the Open Offer. It is expected that the
Admission of the 10,344,951 Open Offer Shares will become effective
at 8.00 a.m. on 11 December 2018.
Open Offer Shares to be held in uncertificated form are expected
to be credited to CREST accounts on 11 December 2018 and share
certificates for the Open Offer Shares to be held in certificated
form are expected to be despatched to shareholders within 10 days
of the day of admission.
The Open Offer remains conditional upon, inter alia, Shareholder
approval of the Resolutions at the General Meeting to be held later
today and Admission.
Capitalised terms used in this announcement shall have the same
meanings given to them in the Circular.
Enquiries
Sutton Harbour +44 (0) 1752 Philip Beinhaker,
Holdings plc 204186 Executive Chairman
Natasha Gadsdon,
Finance Director
Arden Partners +44 (0)20 7614 Paul Shackleton,
(NOMAD and Broker) 5917 Ben Cryer
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
ROIUBSBRWBAURAA
(END) Dow Jones Newswires
December 10, 2018 02:00 ET (07:00 GMT)
Sutton Harbour (LSE:SUH)
Historical Stock Chart
From Apr 2024 to May 2024
Sutton Harbour (LSE:SUH)
Historical Stock Chart
From May 2023 to May 2024