Zegona Communications PLC Management Subscription (2000Q)
26 Octubre 2021 - 1:00AM
UK Regulatory
TIDMZEG
RNS Number : 2000Q
Zegona Communications PLC
26 October 2021
NOT FOR DISTRIBUTION, PUBLICATION OR RELEASE, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES
OR TO ANY US PERSON, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF
SOUTH AFRICA OR ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA
(OTHER THAN SPAIN) OR ANY OTHER JURISDICTION IN WHICH THE
DISTRIBUTION, PUBLICATION OR RELEASE WOULD BE UNLAWFUL.
ZEGONA COMMUNICATIONS PLC ("Zegona")
LEI: 213800ASI1VZL2ED4S65
26 October 2021
Management Subscription
On 15 October 2021, Zegona announced that its management team
had subscribed for 1,734,451 new ordinary shares, or 28.1% of
Zegona's share capital at the adjusted Net Asset Value per share of
GBP1.44 [1] . As previously announced, this subscription was
contingent on the admission to trading ("Admission") of these
shares by the Financial Conduct Authority ("FCA") and it was not
expected that the company would be required to issue a prospectus
for Admission.
Zegona has now been informed that Admission at this time is
limited to a maximum of 20% of its shares in issue post its tender
offer. Zegona has therefore issued 887,594 ordinary shares
conditional upon Admission (the "Initial Issue") with the remaining
846,857 shares to be issued the next time Zegona prepares a
prospectus (the "Subsequent Issue") [2] .
Immediately following the Initial Issue, the board and
management will hold 17.9% of Zegona's shares.
Admission of the Initial Issue ordinary shares is expected to
occur at 8 a.m. on 27 October 2021 and Zegona's total voting rights
will then total 5,325,567.
Enquiries
Tavistock (Public Relations adviser - UK)
Tel: +44 (0)20 7920 3150
Lulu Bridges - lulu.bridges@tavistock.co.uk
[1] The adjusted Net Asset Value per share of Zegona on 14
October 2021 of GBP1.438 was calculated, with no provisions being
made for any potential value being received from the non-current
tax receivable (as disclosed in Zegona's accounts for six months
ended June 30, 2021) and no provisions for the termination costs of
any contracts or other future potential liabilities.
[2] The Subsequent Issue will be at the same GBP1.438 price as
the Initial Issue. Management have already paid the full
consideration to Zegona. The lock-in period on the Subsequent Issue
commenced on the date of payment.
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
MSCPPGQAUUPGGRA
(END) Dow Jones Newswires
October 26, 2021 02:00 ET (06:00 GMT)
Zegona Communications (LSE:ZEG)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Zegona Communications (LSE:ZEG)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024