Immotion Group PLC Subscription to raise GBP300,000 (6715T)
26 Marzo 2021 - 05:47AM
UK Regulatory
TIDMIMMO
RNS Number : 6715T
Immotion Group PLC
26 March 2021
26 March 2021
Immotion Group plc
("Immotion", the "Company" or the "Group")
GBP300,000 cash subscription at 5p
Immotion Group, the UK-based immersive entertainment group, is
pleased to announce that following an approach from one of its
existing institutional investors, it has it has entered into a
subscription agreement to raise a total of GBP300,000 (the
"Subscription"). The Subscription will be settled by the issue of
6,000,000 new ordinary shares ("Subscription Shares") at a price 5
pence per share ("Subscription Price") (following which the Company
will have a total of 415,538,083 ordinary shares in issue).
The Subscription Price represents a premium of 15 per cent. to
the closing mid-market price on 25 March 2021. Admission of the
Subscription Shares to trading on AIM is expected on 31 March
2021.
We will update further on current trading and prospects for 2021
in our full year (2020) results statement, expected to be released
on 29 April 2021.
Application for Admission
Application has been made to the London Stock Exchange for the
Subscription Shares to be admitted to trading on AIM. Admission of
and dealings in the Subscription Shares is expected to commence at
8.00 a.m. on 31 March 2021.
Following Admission, the Company will have 415,538,083 Ordinary
Shares in issue, each carrying one voting right. No shares are held
in treasury.
The above figure may therefore be used by shareholders as the
denominator for the calculations by which they will determine
whether they are required to notify their interest, or a change to
their interest, in the Company under the FCA's Disclosure Guidance
and Transparency Rules.
General
All Subscription Shares will be issued credited as fully paid
and will rank pari passu in all respects with the existing Ordinary
Shares, including the right to receive all distributions declared
on or after the date on which they are issued.
Enquiries:
For further information please visit www.immotion.co.uk , or
contact:
Immotion Group Martin Higginson Tel + 44 (0) 207
David Marks 220 1666
WH Ireland Limited Adrian Hadden Tel + 44 (0) 207
(Nomad and Joint Darshan Patel 220 1666
Broker) Matthew Chan
Alvarium Capital Alex Davies Tel: +44 (0) 207
Partners 195 1458
(Joint Broker)
Shard Capital Partners Damon Heath Tel: +44 (0) 20 7186
LLP Erik Woolgar 9900
(Co-Broker)
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END
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March 26, 2021 07:47 ET (11:47 GMT)
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