TIDMGROW
RNS Number : 8513B
Draper Esprit PLC
14 June 2021
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT, IS
RESTRICTED, AND IS NOT FOR PUBLICATION, TRANSMISSION, RELEASE,
DISTRIBUTION OR FORWARDING, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN
PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE
REPUBLIC OF SOUTH AFRICA OR ANY MEMBER STATE OF THE EUROPEAN
ECONOMIC AREA (OTHER THAN IRELAND) OR ANY OTHER JURISDICTION OR
STATE IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL. THIS ANNOUNCEMENT HAS BEEN ISSUED BY AND IS THE SOLE
RESPONSIBILITY OF THE COMPANY. PLEASE SEE THE IMPORTANT NOTICE AT
THE OF THIS ANNOUNCEMENT.
This announcement contains inside information.
14 JUNE 2021
Draper Esprit plc
("Draper Esprit" or the "Company")
RESULTS OF THE PLACING and PRIMARYBID offer
Draper Esprit (AIM: GROW, Euronext Growth: GRW), a leading
venture capital firm investing in and developing high growth
digital technology businesses across Europe, is pleased to announce
the successful completion of the placing of Ordinary Shares
announced earlier today (the "Placing") as well as the offer made
by the Company for retail investors in the UK to subscribe for
Ordinary Shares via the PrimaryBid platform (the "PrimaryBid
Offer").
A total of 13,299,278 new Ordinary Shares (the "Placing Shares")
have been placed by Numis and Goodbody (the "Joint Bookrunners") at
a price of 800 pence per Placing Share (the "Placing Price"). The
Placing was oversubscribed.
In addition, retail investors in the UK have subscribed via the
PrimaryBid Offer for a total of 603,500 new Ordinary Shares (the
"PrimaryBid Shares") at the Placing Price.
Together, the Placing and PrimaryBid Offer comprise 13,902,778
new Ordinary Shares raising gross proceeds of c.GBP111 million. The
Placing Price represents a premium of c.7.7 per cent. to the last
reported NAV per Ordinary Share as at 31 March 2021 of 743 pence
and a discount of c.4.6 per cent. to the closing mid-market price
of 839 pence per Ordinary Share on 11 June 2021. The total number
of Placing Shares and PrimaryBid Shares represent c.10% of the
Company's Existing Ordinary Shares.
Application has been made to the London Stock Exchange and the
Irish Stock Exchange (trading as Euronext Dublin) for the Placing
Shares and the PrimaryBid Shares to be admitted to trading on AIM
and Euronext Growth respectively. The Placing Shares and the
PrimaryBid Shares will, when issued, rank pari passu in all
respects with the Existing Ordinary Shares, including the right to
receive all dividends and other distributions declared, made or
paid following Admission.
It is expected that Admission will become effective and that
dealings in the Placing Shares and the PrimaryBid Shares will
commence at 8.00 a.m. on 16 June 2021.
The following Directors participated in the Placing.
Name Position Number of Placing Total investment
Shares
Martin Davis Chief Executive Officer 12,500 GBP100,000
Ben Wilkinson Chief Financial Officer 3,750 GBP30,000
Total voting rights
Following Admission, the total issued share capital of the
Company will be 152,999,853 Ordinary Shares with each share
carrying the right to one vote. The Company does not hold any
Ordinary Shares in treasury. The above figure of 152,999,853 may be
used by Shareholders as the denominator for the calculations by
which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the applicable legal and regulatory
requirements.
Capitalised terms used in this announcement which have not been
defined have the meanings given to them in the announcement made by
the Company earlier today announcing the Placing, unless the
context provides otherwise.
Enquiries
Draper Esprit plc
Martin Davis (Chief Executive Officer)
Ben Wilkinson (Chief Financial Officer) +44 (0)20 7931 8800
Numis Securities
Nominated Adviser, Joint Global Co-ordinator,
Joint Bookrunner, Joint Corporate Broker
Richard Thomas
Jamie Loughborough
Simon Willis +44 (0)20 7260 1000
Goodbody Stockbrokers UC
Euronext Growth Adviser, Joint Global
Co-ordinator
Joint Bookrunner, Joint Corporate Broker
Don Harrington
Charlotte Craigie
Linda Clarke +44 (0)20 3841 6202
Powerscourt (PR)
Elly Williamson +44 (0)7970 246 725
Jane Glover +44 (0)7961 628 862
IMPORTANT NOTICE
The information contained in this announcement is for
information purposes only and does not purport to be full or
complete. No reliance may be placed for any purpose on the
information contained in this announcement or its accuracy,
fairness or completeness.
This announcement does not constitute an offer to sell, or the
solicitation of an offer to acquire or subscribe for, Ordinary
Shares in any jurisdiction where such offer or solicitation is
unlawful or would impose any unfulfilled registration,
qualification, publication or approval requirements on the Company
or the Joint Bookrunners. The offer and sale of Ordinary Shares has
not been and will not be registered under the applicable securities
laws of Canada, Australia, Japan, New Zealand or the Republic of
South Africa. Subject to certain exemptions, the Shares may not be
offered to or sold within Canada, Australia, Japan, New Zealand or
the Republic of South Africa or to any national, resident or
citizen of Canada, Australia, Japan, New Zealand or the Republic of
South Africa.
The Ordinary Shares have not been, and will not be, registered
under the US Securities Act of 1933, as amended (the "US Securities
Act"), or under any securities laws of any state or other
jurisdiction of the United States and may not be offered, sold,
resold, transferred or delivered, directly or indirectly, in or
into the United States except pursuant to an applicable exemption
from the registration requirements of the US Securities Act and in
compliance with the securities laws of any state or other
jurisdiction of the United States. There will not be any public
offering of the Ordinary Shares in the United States.
The securities referred to herein have not been registered under
the applicable securities laws of Australia, Canada, Japan or the
Republic of South Africa and, subject to certain exceptions, may
not be offered or sold within Australia, Canada, Japan or the
Republic of South Africa or to any national, resident or citizen of
Australia, Canada, Japan or the Republic of South Africa.
The distribution of this announcement outside the UK and Ireland
may be restricted by law. No action has been taken by the Company
or the Joint Bookrunners that would permit (i) a public offer of
Ordinary Shares in any jurisdiction outside of the UK or (ii)
possession of this announcement in any jurisdiction outside the UK
and Ireland, where action for that purpose is required. Persons
outside the UK and Ireland who come into possession of this
announcement should inform themselves about the distribution of
this announcement in their particular jurisdiction. Failure to
comply with those restrictions may constitute a violation of the
securities laws of such jurisdiction.
Numis, which is a member of the London Stock Exchange, is
authorised and regulated in the UK by the FCA and is acting as
nominated adviser to the Company for the purposes of the AIM Rules
and as Joint Corporate Broker to the Company in connection with the
Placing. Numis is not acting for, and will not be responsible to,
any person other than the Company for providing the protections
afforded to its customers or for advising any other person on the
contents of this announcement or on any transaction or arrangement
referred to in this announcement. Numis' responsibilities as the
Company's nominated adviser under the AIM Rules are owed solely to
the London Stock Exchange and are not owed to the Company, any
Director or to any other person. No representation or warranty,
express or implied, is made by Numis as to, and no liability is
accepted by Numis in respect of, any of the contents of this
announcement.
Goodbody, which is authorised and regulated by the Central Bank
of Ireland, is acting as Euronext Growth Adviser for the purposes
of the Euronext Growth Rules and Joint Corporate Broker to the
Company. Persons receiving this announcement should note that
Goodbody is acting exclusively for the Company in connection with
the Placing and is not acting for any other person and will not be
responsible to any person for providing the protections afforded to
customers of Goodbody or for advising any other person in
connection with the Placing. Goodbody's responsibilities as the
Company's Euronext Growth Adviser and Joint Corporate Broker under
the Euronext Growth Rules are owed solely to the Irish Stock
Exchange (trading as Euronext Dublin) and are not owed to any other
person. No representation or warranty, express or implied, is made
by Goodbody as to, and no liability is accepted by Goodbody in
respect of, any of the contents of this announcement.
FORWARD-LOOKING STATEMENTS
This announcement contains (or may contain) certain
forward-looking statements with respect to certain of the Company's
plans and its current goals and expectations relating to its future
financial condition and performance and which involve a number of
risks and uncertainties. The Company cautions readers that no
forward-looking statement is a guarantee of future performance and
that actual results could differ materially from those contained in
the forward-looking statements. These forward-looking statements
can be identified by the fact that they do not relate only to
historical or current facts. Forward-looking statements sometimes
use words such as "aim", "anticipate", "target", "expect",
"estimate", "intend", "plan", "goal", "believe", "predict" or other
words of similar meaning. Examples of forward-looking statements
include, amongst others, statements regarding or which make
assumptions in respect of the planned use of the proceeds for the
Placing, the Group's liquidity position, the future performance of
the Group, future interest rates and currency controls, the Group's
future financial position, plans and objectives for future
operations and any other statements that are not historical fact.
By their nature, forward-looking statements involve risk and
uncertainty because they relate to future events and circumstances,
including, but not limited to, economic and business conditions,
the effects of continued volatility in credit markets,
market-related risks such as changes in interest rates and foreign
exchanges rates, the policies and actions of governmental and
regulatory authorities, changes in legislation, the further
development of standards and interpretations under IFRS applicable
to past, current and future periods, evolving practices with regard
to the interpretation and application of standards under IFRS, the
outcome of pending and future litigation or regulatory
investigations, the success of future acquisitions and other
strategic transactions and the impact of competition. A number of
these factors are beyond the Company's control. As a result, the
Company's actual future results may differ materially from the
plans, goals, and expectations set forth in the Company's
forward-looking statements. Any forward-looking statements made in
this announcement by or on behalf of the Company speak only as of
the date they are made. These forward-looking statements reflect
the Company's judgement at the date of this announcement and are
not intended to give any assurance as to future results. Except as
required by the FCA, the London Stock Exchange, the Irish Stock
Exchange (trading as Euronext Dublin), the AIM Rules, the Euronext
Growth Rules or applicable law, the Company expressly disclaims any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained in this
announcement to reflect any changes in the Company's expectations
with regard thereto or any changes in events, conditions or
circumstances on which any such statement is based.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
ROIFIMATMTJBBRB
(END) Dow Jones Newswires
June 14, 2021 11:39 ET (15:39 GMT)
Molten Ventures (LSE:GROW)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Molten Ventures (LSE:GROW)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024