IDE Group Holdings PLC Open Offer to Subscribe for Loan Notes (9242N)
January 24 2019 - 2:00AM
UK Regulatory
TIDMIDE
RNS Number : 9242N
IDE Group Holdings PLC
24 January 2019
IDE Group Holdings Plc
(the "Company")
Open Offer to Subscribe for Loan Notes
IDE Group Holdings plc, the mid-market network, cloud and IT
Managed Services provider, announces that pursuant to the
announcement made on 10 January 2019, it is today posting a letter
to shareholders along with an application form in relation to the
open offer to subscribe for up to GBP4.7 million secured loan notes
on the basis of 1 GBP1 loan note for every 40 existing ordinary
shares held by shareholders* at the record date, being 21 January
2019, not 9 January 2019 as per originally announced.
A copy of the letter and loan note instrument constituting the
loan notes can be found on the Company's website
www.idegroup.com.
Where undefined, all capitalised terms in this announcement will
have the same meaning as defined in the announcement published on
10 January 2019.
EXPECTED TIMETABLE OF PRINCIPAL EVENTS
2019
Record Date and time for entitlements Close of business on
under the Open Offer 21 January
Publication and posting of this Letter 24 January
and the Application Form
Ex-entitlement Date 25 January
Latest time and date for splitting Application 3.00 p.m. on 7 February
Forms (to satisfy bona fide market claims
only)
Latest time and date for receipt of completed 11.00 a.m. on 11 February
Application Forms from shareholders and
payment in full under the Open Offer
Expected date for despatch of loan note 22 February
certificates
* other than MXC and Blake who subscribed for the First Tranche
Loan Notes. MXC is underwriting the Open Offer.
IDE Group Holdings Plc Tel: +44 (0)344
Andy Parker, Executive Chairman 874 1000
finnCap Limited Tel: +44 (0)20 7220
Nominated Adviser and Broker 0500
Corporate finance: Jonny Franklin-Adams/
Scott Mathieson/ Hannah Boros
ECM: Tim Redfern/ Richard Chambers
MXC Capital Markets LLP Tel: +44 (0)20 7965
Financial Adviser 8149
Charlotte Stranner
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contact rns@lseg.com or visit www.rns.com.
END
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