Intuitive Investments Group plc Light Science Technologies - Intention To Float (7971O)
12 Octubre 2021 - 3:48AM
UK Regulatory
TIDMIIG
RNS Number : 7971O
Intuitive Investments Group plc
12 October 2021
Intuitive Investments Group plc
Light Science Technologies Holdings plc's Intention To Float
Announcement
Intuitive Investments Group plc (AIM: IIG) ("IIG" or the
"Company"), a closed-end investment company focussed on the life
sciences sector, notes the intention to float announcement,
released today by Light Science Technologies Holdings plc ("LSTH"),
in relation to the proposed admission of LSTH's ordinary shares to
trading on AIM ("Admission").
IIG's investment in LSTH consists of GBP1 million of convertible
loan notes, which have a 7.25% coupon and will convert
automatically at a 20% discount to LSTH's ordinary share price at
Admission. IIG has also subscribed for an amount of ordinary shares
equal to the interest and non-executive directors' fees due up to
the date of Admission of GBP78,000 in the conditional placing
associated with the flotation. IIG expects to receive, in
aggregate, 13,280,000 ordinary shares in LSTH, representing 7.6% of
its issued share capital on Admission. Admission is expected to
take place on 15 October 2021.
LSTH was IIG's first investment from its pipeline of
opportunities, following its successful IPO and Admission to AIM in
December 2020.
For further information, please contact:
Intuitive Investments Group plc www.iigplc.com
David Evans, Executive Chairman Via Walbrook PR
Robert Naylor, CEO
Strand Hanson Limited - Nominated
Adviser +44 (0) 20 7409 3494
James Dance / James Bellman
Turner Pope Investments (TPI) Ltd
- Broker +44 (0) 20 3657 0050
Andrew Thacker / James Pope
Walbrook PR Limited - Media & Investor +44 (0)20 7933 8780 or intuitive@walbrookpr.com
Relations
Paul McManus +44 (0) 7980 541 893
About Intuitive Investments Group plc
The Company is a recently established investing company, seeking
to provide investors with exposure to a portfolio concentrating on
fast growing and/or high potential Life Sciences businesses
operating predominantly in the UK, continental Europe and the US,
utilising the Board's experience and in particular that of the
Chairman, David Evans, to seek to generate capital growth over the
long term for shareholders.
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
MSCDZMMGRZGGMZG
(END) Dow Jones Newswires
October 12, 2021 04:48 ET (08:48 GMT)
Intuitive Investments (LSE:IIG)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Intuitive Investments (LSE:IIG)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024