PHSC plc Placing to raise GBP350,000
August 19 2016 - 02:00AM
UK Regulatory
TIDMPHSC
19 August 2016
PHSC PLC
("PHSC", the "Company")
Placing to raise GBP350,000
PHSC plc, a leading provider of health, safety, hygiene and environmental
consultancy services and security solutions to the public and private sectors,
announces that, in response to investor demand communicated to it yesterday, it
has raised GBP350,000 (before expenses) through a placing of 1,590,909 new
ordinary shares of 10p each ("Ordinary Shares") with new investors at a price
of 22p per share, arranged by Beaufort Securities Limited (the "Placing
Shares"). The Placing Shares represent 10.8 per cent. of the enlarged issued
Ordinary Shares of the Company.
Use of proceeds
The funds will provide PHSC with additional working capital including for
ongoing expenditure relating to recent acquisitions.
Placing Shares
The Placing Shares will be credited as fully paid and will rank pari passu in
all respects with the existing Ordinary Shares, including the right to receive
all dividends and other distributions declared on or after the date on which
they are issued.
Application will be made for admission of the Placing Shares to trading on AIM
("Admission") and it is expected that Admission will be effective on or around
8.00 am on 5 September 2016.
Total voting rights
Following Admission, the Company's total issued share capital will comprise of
14,677,257 Ordinary Shares. The Company does not hold any Ordinary Shares in
treasury. Therefore the total number of Ordinary Shares with voting rights in
the Company will be 14,677,257. This figure may be used by shareholders in the
Company as the denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their interest
in, the share capital of the Company following Admission under the FCA's
Disclosure Guidance and Transparency Rules.
This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014.
For further information please contact:
PHSC plc 01622 717700
Stephen King
Stephen.king@phsc.co.uk
www.phsc.plc.uk
Northland Capital Partners Limited (Nominated Adviser) 0203 861 6625
Edward Hutton/David Hignell
Beaufort Securities Limited (Broker) 020 7382 8300
Elliot Hance
About PHSC
PHSC plc, through its trading subsidiaries Personnel Health & Safety
Consultants Ltd, RSA Environmental Health Ltd, Adamson's Laboratory Services
Ltd, QCS International Ltd, Inspection Services (UK) Ltd and Quality Leisure
Management Ltd, provides a range of health, safety, hygiene, environmental and
quality systems consultancy and training services to organisations across the
UK. B to B Links Ltd and SG Systems (UK) Ltd offer innovative retail security
solutions including tagging, labelling and CCTV.
END
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