Sutton Harbour Group PLC Result of Open Offer (9890G)
30 Julio 2021 - 1:00AM
UK Regulatory
TIDMSUH
RNS Number : 9890G
Sutton Harbour Group PLC
30 July 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM, ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF
SUCH JURISDICTION.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT
INTENDED TO, AND DOES NOT, CONSTITUTE OR FORM ANY PART OF, AN OFFER
TO SELL OR AN INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY
SECURITIES OR THE SOLICITATION OF ANY VOTE OR APPROVAL IN ANY
JURISDICTION, NOR SHALL THERE BE ANY SALE, ISSUANCE OR TRANSFER OF
THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT IN ANY JURISDICTION
IN CONTRAVENTION OF APPLICABLE LAW.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF REGULATION (EU) NO 596/2014 AS IT FORMS PART OF
DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT
2018.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE A PROSPECTUS OR PROSPECTUS
EQUIVALENT DOCUMENT.
30 July 2021
Sutton Harbour Group PLC
("Sutton Harbour" or "the Company")
Result of Open Offer
On 6 July 2021, the Company published a shareholder circular
(the "Circular") in connection with the Open Offer.
The Open Offer closed for acceptances at 11.00 a.m. on 28 July
2021.
The Company is pleased to announce that the Open Offer was fully
subscribed. Valid acceptances have been received from Qualifying
Shareholders in respect of 13,100,170 Open Offer Shares under their
Basic Entitlements, and for 899,830 Open Offer Shares under the
Excess Application Facility.
Qualifying Shareholders who have validly applied for their Basic
Entitlement will receive this in full. Applications for Open Offer
Shares under the Excess Application Facility will also be received
in full by Qualifying Shareholders.
The Company has therefore raised gross proceeds of approximately
GBP3.5 million through the Open Offer. It is expected that the
Admission of the 14,000,000 Open Offer Shares will become effective
at 8.00 a.m. on 3 August 2021.
Open Offer Shares to be held in uncertificated form are expected
to be credited to CREST accounts on 3 August 2021 and share
certificates for the Open Offer Shares to be held in certificated
form are expected to be despatched to shareholders within 10 days
of the day of admission.
The Open Offer remains conditional upon, inter alia, Shareholder
approval of the Resolutions at the General Meeting to be held later
today and Admission.
Capitalised terms used in this announcement shall have the same
meanings given to them in the Circular.
--Ends--
For further information:
Sutton Harbour Group plc 01752 204 186
Philip Beinhaker - Executive Chairman
Corey Beinhaker - Chief Operating Officer
Natasha Gadsdon - Finance Director
Arden Partners plc (Nominated Adviser) 020 7614 5900
Paul Shackleton
Akhil Shah
Elliot Mustoe
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