Business
Close of Bookbuild and Result of Placing
Close of Bookbuild and Result of Placing.
About this update from Autins Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0354T\n Autins Group PLC\n 19 November 2021\n \n \n \n \n THIS ANNOUNCEMENT, 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, THE REPUBLIC OF IRELAND, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\n \n \n \n \n \n \n \n \n Autins Group plc\n \n \n (the \"Company\" or the \"Group\")\n \n \n \n \n \n Close of Bookbuild and Result of Placing\n \n \n \n \n \n Autins Group plc (AIM: AUTG), the UK and European based manufacturer of the patented Neptune melt-blown material and specialist in the design, manufacture and supply of acoustic and thermal insulation solutions, \n is pleased to confirm that, further to the announcement earlier today, the bookbuilding process has now closed (the \"Placing\") and the Company has conditionally raised gross proceeds of £3.0 million through the Placing of 15,000,000 new ordinary shares at a price of 20 pence per share. The Placing Price represents a discount of 21.6% to the closing mid-market price of 25.5 pence per share on 18 November 2021. \n \n \n \n \n \n The Placing (details of which were provided in the Company's announcement published earlier today) is conditional on, inter alia, the passing of the Resolutions to be proposed at a General Meeting \n expected to be held \n at the Company's offices of Central Park Drive, Rugby, Warwickshire, CV23 0WE\n at 11.15 a.m. on 9 December 2021. A circular providing further details of the Placing and a notice convening the General Meeting will be sent to Shareholders on 22 November 2021 and will be available on the Company's website once published.\n \n \n \n \n \n Directors and Substantial Shareholder participation in the Placing\n \n \n Director Participation\n \n \n The number of Placing Shares subscribed for by each of the Directors in the Placing, and their resulting shareholdings on Admission (on the basis that no ordinary shares are issued between the date of this announcement and Admission, other than the Placing Shares), are set ou...