TIDMWAND
RNS Number : 4460U
WANdisco Plc
25 November 2019
THIS ANNOUNCEMENT, INCLUDING THE INFORMATION CONTAINED HEREIN,
IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, OR ANY
OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT HAS BEEN DETERMINED TO CONTAIN INSIDE
INFORMATION.
25 November 2019
WANdisco plc
("WANdisco" or the "Company")
LEI: 213800Y1A75RSC698O04
Subscription for shares raising approximately $16.5million
WANdisco (LSE: WAND), the live data company, is pleased to
announce the subscription of 2,998,413 new ordinary shares of ten
pence each in the Company (the "Subscription Shares") by existing
shareholders at a price of 425 pence per share (a premium of 23.2%
on the closing share price on 22 November 2019) raising gross
proceeds of approximately $16.5 million (the "Subscription"). This
represents 6.63% of the entire existing share capital of WANdisco
and the Subscription Shares will be issued under the Company's
existing authorities. The proceeds will be used to support our
relationships with strategic cloud partners and provide growth
working capital.
The following investors participated in the Subscription (the
"Subscribers"):
-- Davis Partnership, LP
-- Global Frontier Partners, LP
-- Ross Creek Capital Management, LLC
-- Acacia Partners, LP
-- Acacia Partners II, LP
-- Acacia Institutional Partners, LP
-- Acacia Conservation Fund, LP
-- Herald Investment Management Ltd.
Each of the Subscribers has contractually agreed to a lock-in
with the Company pursuant to which the Subscribers have undertaken
not to dispose of their Subscription Shares following Admission at
any time prior to the twelve-month anniversary of Admission.
The shares will be issued pursuant to an exemption from
registration under the United States Securities Act of 1933, as
amended (the "Securities Act"). The securities to be sold in the
private placement have not been registered under the Securities Act
or state securities laws and may not be offered or sold in the
United States absent registration with the Securities and Exchange
Commission or an applicable exemption from such registration
requirements. This news release does not constitute an offer to
sell or a solicitation to buy such securities in the United
States.
Current trading
WANdisco has continued to win contracts across a variety of
end-markets and partners, including a recently announced contract
with Micro-D valued at $3 million over three years. The Company has
good visibility into renewals and a growing pipeline of late-stage
deals with strategic partners during the second half and reiterates
its revenue guidance given on 25 September 2019 for the 2019
financial year.
Admission
Application for the Subscription Shares to be admitted to
trading on AIM ("Admission") will be made in due course. It is
currently expected that settlement of all of the Subscription
Shares and Admission will take place at 8.00 a.m. on or around 29
November 2019. The Subscription is conditional upon, inter alia,
Admission becoming effective.
Total voting rights
The Subscription Shares will, when issued, rank pari passu in
all respects with, and will carry the same voting and dividend
rights as the existing ordinary shares. Following Admission of the
Subscription Shares, the Company's enlarged issued share capital
will comprise 48,240,880 voting ordinary shares. The aforementioned
figure of 48,240,880 voting ordinary shares 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 change to their interest in, the share capital of
the Company under the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules.
David Richards, Chief Executive Officer and Chairman of
WANdisco, commented:
"This year we have struck new partnerships with Databricks and
Neudesic and deepened existing relationships, striking a landmark
agreement to embed Fusion into Microsoft Azure. These strategic
partnerships and the successful launch of LiveMigrator and
LiveAnalytics, underpins a growing sales pipeline, all of which,
gives me confidence in our prospects for this year and over the
long-term."
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Grant Dollens
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Non -Executive Director of the Company and Global
Frontier Partners, LP
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name WANdisco plc
-------------------------------------------------------- -------------------------------------------------------
b) LEI 213800Y1A75RSC698O04
-------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
-----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Ordinary shares of 10p each
instrument
Identification code ISIN: JE00B6Y3DV84
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Purchase of shares
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
425p 364,452
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume 364,452
- Price 425p
------------------ --------------
- Aggregated total GBP 1,548,923
------------------ --------------
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 21 November 2019
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
-------------------------------------------------------- -------------------------------------------------------
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014 ("MAR"). Upon the
publication of this announcement, this inside information is now
considered to be in the public domain. For the purposes of MAR and
Article 2 of Commission Implementing Regulation (EU) 2016/1055,
this announcement is being made on behalf of the Company by David
Richards, CEO and Chairman.
WANdisco plc via FTI Consulting
David Richards, Chief Executive Officer
and Chairman
Erik Miller, Chief Financial Officer
+44 (0)20 3727
FTI Consulting 1137
Matt Dixon / Harry Staight / Chris Birt
/ Kwaku Aning
+44 (0)20 7710
Stifel (Nomad and Joint Broker) 7600
Fred Walsh / Neil Shah
+44 (0)20 7418
Peel Hunt (Joint Broker) 8900
Edward Knight / Nick Prowting
+44 (0)20 7220
WH Ireland Limited (Joint Broker) 1666
Adam Pollock
About WANdisco:
WANdisco is the LiveData company for machine learning and AI.
WANdisco solutions enable enterprises to create an environment
where data is always available, accurate and protected, creating a
strong backbone for their IT infrastructure and a bedrock for
running consistent, accurate machine learning applications. With
zero downtime and zero data loss, WANdisco Fusion keeps
geographically dispersed data at any scale consistent between
on-premises and cloud environments allowing businesses to operate
seamlessly in a hybrid or multi-cloud environment. WANdisco has
over a hundred customers and significant go-to-market partnerships
with Microsoft Azure, Amazon Web Services, Google Cloud, Oracle,
and others as well as OEM relationships with IBM and Alibaba. For
more information on WANdisco, visit www.wandisco.com.
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
MSCGMMZMLDMGLZM
(END) Dow Jones Newswires
November 25, 2019 02:00 ET (07:00 GMT)
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