Business
PrimaryBid Offer
PrimaryBid Offer.
About this update from Beeks Financial Cloud Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2079H\n Beeks Financial Cloud Group PLC\n 04 April 2022\n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.\n \n \n \n THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF \n \n \n BEEKS FINANCIAL CLOUD GROUP PLC.\n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.\n \n \n THIS ANNOUNCEMENT AMOUNTS TO A FINANCIAL PROMOTION FOR THE PURPOSES OF SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (\"FSMA\") AND HAS BEEN APPROVED BY PRIMARYBID LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY (FRN 779021)\n \n \n \n \n \n 4 April 2022\n \n \n \n \n \n Beeks Financial Cloud Group plc\n \n \n (\"Beeks\", the \"Group\" or the \"Company\")\n \n \n PrimaryBid Offer\n \n \n Beeks Financial Cloud Group plc\n (AIM: BKS), a cloud computing and connectivity provider for financial markets, \n is pleased to announce, a conditional offer for subscription via PrimaryBid (the \"PrimaryBidOffer\") of new ordinary shares of \n £0.00125\n \n \n \n each in the Company (\"PrimaryBid Shares\")\n . \n \n \n As separately announced today, the Company is conducting a placing (the \"Placing\") of new Ordinary Shares (the \"Placing Shares\", together with the \"PrimaryBid Shares\", the \"New Ordinary Shares\") to institutional investors through an accelerated bookbuild (the \"Bookbuild\"). The price at which the Placing Shares and the PrimaryBid Shares are to be placed (the \"Issue Price\") will be determined at the close of the Bookbuild.\n \n \n The PrimaryBid Offer and the New Share Placing are conditional, inter alia, on the passing of the Resolutions by Shareholders to authorise the issue of the New Ordinary Shares at the General Meeting expected to be he\n ld at 11:00 a.m. on 22 April 2022 and the New Ordinary Shares being admitted to trading on AIM (\"Admission\"). Admission is expected to be take place at 8.00 a.m. on 25 April 2022. The PrimaryBid Offer wil...