Wilmcote Holdings PLC Open Offer Results (5922W)
12 Diciembre 2019 - 1:01AM
UK Regulatory
TIDMWCH
RNS Number : 5922W
Wilmcote Holdings PLC
12 December 2019
This announcement contains inside information.
This announcement is not for release, publication or
distribution, directly or indirectly, in or into the United States,
any Member State of the European Economic Area (other than the
United Kingdom), Australia, Canada, Japan, South Africa or New
Zealand or any jurisdiction where to do so might constitute a
violation of local securities laws or regulations.
12 December 2019
Wilmcote Holdings plc (the "Company")
Result of Open Offer
On 25 November 2019 the Company announced details of an Open
Offer to raise up to GBP6.5 million through the issue of up to
650,000,000 New Ordinary Shares, each at an issue price of GBP0.01
per New Ordinary Share, as described in the Company circular dated
25 November 2019 (the "Circular").
The Open Offer closed for acceptances at 11.00 a.m. on 11
December 2019. The Company is pleased to announce that it has
received valid acceptances in respect of 650,000,000 Open Offer
Shares from Qualifying Shareholders, including applications under
the Excess Application Facility. This represents 100 per cent. of
the Open Offer Shares offered. The Company has therefore raised
gross proceeds of GBP6.5 million pursuant to the Open Offer.
Taking into account acceptances under the Open Offer from
shareholders other than the Marwyn Shareholders, following the
subscription by the Marwyn Shareholders for New Ordinary Shares (in
respect of their Open Offer Entitlements and further subscriptions
for Excess Shares pursuant to the Excess Application Facility), the
aggregate interests in the Ordinary Shares on Admission which will
be controlled by MAML will be as set out in the table below:
Number of Ordinary % interest in the
Shares held Enlarged Share Capital
639,685,278 95.36%
The Open Offer remains conditional upon the approval by
Shareholders of certain resolutions to be proposed at the Annual
General Meeting of the Company to be held at 11.00 a.m. on 12
December 2019.
Application has made for the New Ordinary Shares to be admitted
to trading on AIM ("Admission"), and it is expected that Admission
will become effective and that dealings will commence in the New
Ordinary Shares at 8.00 a.m. on 13 December 2019.
The New Ordinary Shares, when issued and fully paid, will rank
pari passu in all respects with the Existing Ordinary Shares and
therefore rank equally for all dividends or other distributions
declared, made or paid after the date of issue of the New Ordinary
Shares.
The New Ordinary Shares (in uncertificated form) are expected to
be credited to CREST accounts on 13 December 2019 and definitive
share certificates for the New Ordinary Shares (in certificated
form) are expected to be despatched to certificated shareholders by
20 December 2019.
Following Admission, the total number of voting shares in issue
will be 670,833,336. This figure may be used by shareholders as the
denominator for the calculations by which they determine if they
are required to notify their interest in, or a change to their
interest in, the Company under the FCA's Disclosure Guidance and
Transparency Rules.
All defined terms in this announcement shall have the meanings
ascribed to them in the Circular.
James Corsellis is Chairman of Wilmcote Holdings plc, which has
its offices at 11 Buckingham Street, London, WC2N 6DF and has the
LEI number 2138004EUUU11OVHZW75.
Enquiries:
Wilmcote
Tel: +44(0)207 004 2700
Mark Brangstrup Watts
James Corsellis
Numis Securities Limited
Tel: +44(0)207 260 1000
Kevin Cruickshank
Jamie Loughborough
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END
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