Business
Result of Placing
Result of Placing.
About this update from Ab Dynamics Plc
[{"type":"text","content":"\n \nRNS Number : 6037Z AB Dynamics PLC 20 May 2019 \n\nTHIS ANNOUNCEMENT, INCLUDING THE APPENDIX, AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICES WITHIN THIS ANNOUNCEMENT.\n \nFURTHER, THIS ANNOUNCEMENT IS MADE FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE SHARES IN AB DYNAMICS PLC IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.\n \nTHE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (\"MAR\"). UPON THE PUBLICATION OF THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.\n \n20 May 2019\n \nAB Dynamics plc\n(\"AB Dynamics\", the \"Company\" or the \"Group\")\n \nResult of Placing \nand \nPosting of Circular\n \nAB Dynamics plc is pleased to announce the successful completion of the accelerated book build announced earlier today by the Company (the \"Placing\").\n \nThe Placing has conditionally raised gross proceeds of approximately £45.1 million (before expenses) through the placing of 2,050,000 new ordinary shares of 1 penny each in the Company (\"Placing Shares\") at 2200 pence per share (the \"Issue Price\"). \n \nThe Placing Shares represent approximately 10.42 per cent. of the Company's existing issued ordinary share capital.\n \nCantor Fitzgerald Europe acted as Sole Bookrunner in connection with the Placing.\n \nThe Placing Shares are not subject to clawback and are not part of the Open Offer. Neither the Placing nor the Open Offer is underwritten.\n \nJames Routh, CEO of AB Dynamics, said:\n \n\"This is an important milestone in the Company's corporate development. The proceeds of the Placing will enable us to make strategic investments in the Company, leveraging our exi...