TIDMNANO
RNS Number : 7486S
Nanoco Group PLC
05 October 2017
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER
JURISDICTION IN WHICH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS
ANNOUNCEMENT.
THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES IN ANY
JURISDICTION
This announcement contains inside information as defined in EU
Regulation No. 596/2014 and is in accordance with the Company's
obligations under Article 17 of that Regulation.
Nanoco Group PLC
Results of placing of new ordinary shares in Nanoco
Following the announcement made at 4.40 p.m. on 4 October 2017
in respect of the proposed GBP8.6 million fundraising (the
"Fundraising Announcement"), the Board of Nanoco Group PLC
("Nanoco" or the "Company" or, together with its subsidiaries, the
"Group") is pleased to announce that the Company has successfully
placed 22,546,405 new Ordinary Shares at a price of 18 pence per
share to institutional investors pursuant to the Placing. As such,
Lombard Odier's subscription has been scaled back to 23,827,911 new
Ordinary Shares. The final Director and Senior Management
Subscription was for 1,281,505 new Ordinary Shares, as stated in
the Fundraising Announcement.
The Placing Shares represent 10.0 per cent of the existing
Ordinary Share capital of the Company (including treasury shares)
and the Fundraising Shares (in aggregate, including the Placing
Shares) represent 19.999 per cent of the existing Ordinary Share
capital of the Company (including treasury shares).
The Fundraising Shares will, when issued, be credited as fully
paid and will rank in full for all dividends and other
distributions declared, made or paid after the date of issue and
otherwise pari passu in all respects with the existing Ordinary
Shares.
The Placing was conducted through an accelerated bookbuild. Peel
Hunt acted as Sole Bookrunner.
As set out in the Fundraising Announcement, the Fundraising is
conditional upon, among other things, the UKLA approving the
Circular to be published in connection with the Fundraising, as
well as shareholder approval for various matters connected with the
Fundraising (as further described in the Fundraising Announcement).
The Circular is expected to be submitted to the UKLA shortly which,
subject to UKLA approval, will be sent to shareholders. Application
will be made for the Placing Shares to be admitted to the premium
listing segment of the Official List of the Financial Conduct
Authority and to trading on the main market for listed securities
of the London Stock Exchange plc. It is expected that Admission
will occur immediately following the day on which the General
Meeting is held, provided that Admission shall occur no later than
30 November 2017. It is currently anticipated that Admission will
occur in November 2017. Further details will be announced in due
course.
Other than where defined, capitalised terms used in the
announcement have the meanings given to them in the Fundraising
Announcement.
Enquiries:
Nanoco Group PLC Tel: +44 (0)
Michael Edelman, Chief Executive 161 603 7900
Officer
David Blain, Chief Financial Officer
Caroline Watson, Investor Relations
Manager
Peel Hunt LLP (Sponsor and sole Tel: +44 (0)
bookrunner) 20 7418 8900
Corporate - Adrian Trimmings /
George Sellar
ECM Syndicate - Al Rae / Rory
James-Duff
The person responsible for arranging for the release of this
announcement on behalf of the Company is David Blain, Chief
Financial Officer.
Important Information
The information contained within this Announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (Regulation 596/2014). Upon the
publication of this Announcement via a Regulatory Information
Service this inside information is now considered to be in the
public domain.
This Announcement has been issued by and is the sole
responsibility of the Company.
This Announcement is not an offer of securities in any
jurisdiction.
This Announcement and the information contained herein is not
for release, publication or distribution, directly or indirectly,
in whole or in part, in or into or from the United States, Canada,
Australia, Japan, the Republic of South Africa or any other
jurisdiction where to do so might constitute a violation of the
relevant laws or regulations of such jurisdiction.
Neither the content of the Company's website (or any other
website) nor the content of any website accessible from hyperlinks
on the Company's website (or any other website) is incorporated
into, or forms part of, this Announcement.
Peel Hunt, which is authorised and regulated in the United
Kingdom by the FCA, is acting exclusively for the Company and
no-one else in connection with the Placing or the matters referred
to in this Announcement, will not regard any other person as its
client in relation to the Placing and will not be responsible to
anyone other than the Company for providing the protections
afforded to their respective clients or for providing advice in
relation to the Placing or any transaction or arrangement referred
to in this Announcement.
No representation or warranty express or implied, is or will be
made as to, or in relation to, and no responsibility or liability
is or will be accepted by Peel Hunt or by any of its affiliates or
agents as to or in relation to, the accuracy or completeness of
this Announcement or any other written or oral information made
available to or publicly available to any interested party or its
advisers, and any liability therefore is expressly disclaimed.
This information is provided by RNS
The company news service from the London Stock Exchange
END
ROILFFIIIALSIID
(END) Dow Jones Newswires
October 05, 2017 02:00 ET (06:00 GMT)
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