Business
Result of Placing and PrimaryBid Offer
Result of Placing and PrimaryBid Offer.
About this update from Ampeak Energy Limited
[{"type":"text","content":"\n \nRNS Number : 5119U SIMEC Atlantis Energy Limited 29 March 2019 \n\nRESULT OF PLACING AND PRIMARYBID OFFER\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014 (\"MAR\")\nTHIS ANNOUNCEMENT, AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATES OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) (COLLECTIVELY, THE \"UNITED STATES\"), CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR IN OR INTO OR FROM ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE PROHIBITED BY ANY APPLICABLE LAW.\nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AND DOES NOT CONSTITUTE, CONTAIN OR FORM PART OF AN OFFER TO SELL OR ISSUE OR A SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE, ANY SECURITIES IN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.\n \n29 March 2019\nSIMEC Atlantis Energy Limited\nResult of Placing and PrimaryBid Offer\nOn 28 March 2019, the Company announced the launch of a fundraising comprising a placing by way of an accelerated bookbuild process by Cantor Fitzgerald and an offer for subscription by PrimaryBid, each at a price of 16 pence per share (together, the \"Fundraising\"). The Placing and the PrimaryBid Offer have now closed.\nThe Company is pleased to announce that the Fundraising has conditionally raised gross proceeds of approximately £5 million and will result in the issue of 31,439,355 new Ordinary Shares at 16 pence per share. The Company will also issue 31,439,355 Consideration Shares pursuant to the terms of the Sale and Purchase Agreement.\nThe Placing and the PrimaryBid Offer is subject to the conditions set out in the Company's announcement on 28 March 2019, including admission of the Placing Shares and the PrimaryBid Shares to trading on AIM.\nApplication will be made for the Placing Shares and the PrimaryBid Shares to be admitted to trading on AIM and it is expected that Admission will become effective and that dealings in the Placing Shares and PrimaryBid Shares will commence on or ...