Peel Hunt LLP Result of Secondary Placing in Joules Group plc (0696W)
20 Abril 2021 - 8:58AM
UK Regulatory
TIDMJOUL
RNS Number : 0696W
Peel Hunt LLP
20 April 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
RESULTS OF SECONDARY PLACING OF ORDINARY SHARES IN JOULES GROUP
PLC ("JOULES" OR THE "COMPANY")
Further to the previous announcement, Tom Joule and
discretionary trusts controlled by Tom Joule (the "S elling
Shareholders "), have sold 5.25 million shares in the Company (the
" Placing Shares "), representing approximately 4.7% of the
Company's issued share capital, at a price of 232 pence per share
(the " Placing ").
The Placing was conducted through an accelerated bookbuild. Peel
Hunt is acting for the Selling Shareholders in the Placing.
Following the Placing, Tom Joule holds 21.8% of the Company's
issued share capital. Tom remains a very substantial shareholder in
the Company and his working relationship with, and commitment to,
the Company is unchanged. The remainder of the Company's shares
controlled by Tom Joule following the Placing will be subject to a
lock-up which ends 6 months after completion of the Placing
(subject to waiver by Peel Hunt and to certain customary
exceptions).
The proceeds of the Placing are payable in cash and closing of
the Placing is expected to occur on a T+3 basis on 23 April
2021.
The Company is not a party to the Placing and will not receive
any proceeds from the Placing.
Contacts / Enquiries
Peel Hunt
Al Rae / Sohail Akbar / Max Irwin (ECM)
George Sellar / Andrew Clark / Will Bell (Investment +44 20 7418
Banking) 8900
IMPORTANT NOTICE
Members of the public are not eligible to take part in the
Placing. This announcement is for information purposes only and is
directed only at: (a) if in member states of the European Economic
Area, persons who are "qualified investors" within the meaning of
Article 2(e) of Regulation (EU) 2017/1129 (the "EU Prospectus
Regulation") (b) if in the United Kingdom, persons who are
"qualified investors" within the meaning of Article 2(e) of the EU
Prospectus Regulation, which forms part of retained EU law in the
United Kingdom by virtue of the European Union (Withdrawal) Act
2018 and (b) if in the United Kingdom, persons who (i) have
professional experience in matters relating to investments who fall
within the definition of "investment professionals" in Article
19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the "Order"), or are high net
worth companies, unincorporated associations or partnerships or
trustees of high value trusts as described in Article 49(2) of the
Order and (ii) are "qualified investors" as defined in section 86
of the Financial Services and Markets Act 2000 ("FSMA") and (c)
otherwise, to persons to whom it may otherwise be lawful to
communicate it (each a "relevant person"). No other person should
act or rely on this announcement and persons distributing this
announcement must satisfy themselves that it is lawful to do so.
Any investment or investment activity to which this announcement
relates is available only to relevant persons and will be engaged
in only with relevant persons. The announcement does not itself
constitute an offer for sale of any securities.
This announcement is not for publication or distribution or
release, directly or indirectly, in or into the United States of
America (including its territories and possessions, any state of
the United States and the District of Columbia), Canada, Australia,
Japan, South Africa or any other jurisdiction where such an
announcement would be unlawful. The distribution of this
announcement may be restricted by law in certain jurisdictions and
persons into whose possession this document or other information
referred to herein comes should inform themselves about and observe
any such restriction. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such
jurisdiction. No action has been taken that would permit an
offering of the Placing Shares or possession or distribution of
this announcement in any jurisdiction where action for that purpose
is required.
This announcement does not constitute or form part of an offer
for sale or solicitation of an offer to purchase or subscribe for
securities in the United States, Canada, Australia, Japan or any
other jurisdiction. The Placing Shares have not been and will not
be registered under the US Securities Act of 1933, as amended (the
"Securities Act"), or under the securities laws of any state or
other jurisdiction of the United States and may not be offered or
sold, directly or indirectly, in the United States, absent
registration except pursuant to an applicable exemption from, or in
a transaction not subject to, the registration requirements of, the
Securities Act and in accordance with any applicable securities
laws of any state or other jurisdiction of the United States. There
will be no public offering of the securities referred to herein in
the United States or in any other jurisdiction.
No prospectus or offering document has been or will be prepared
in connection with the Placing. Any investment decision in
connection with the Placing must be made on the basis of all
publicly available information relating to Joules Group plc and
Joules Group plc's shares. Such information has not been
independently verified. The information contained in this
announcement is for background 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
or completeness.
Peel Hunt LLP ("Peel Hunt") is authorised and regulated by the
FCA in the United Kingdom. Peel Hunt is acting for the Selling
Shareholders in connection with the Placing and no one else, and
will not be responsible to anyone other than the Selling
Shareholders for providing the protections offered to clients of
Peel Hunt nor for providing advice in relation to the Placing
Shares or the Placing, the contents of this announcement or any
transaction, arrangement or other matter referred to in this
announcement.
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END
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April 20, 2021 09:58 ET (13:58 GMT)
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