Business
RESULTS OF PLACING
RESULTS OF PLACING.
About this update from Central Asia Metals Plc
[{"type":"text","content":"\n \nRNS Number : 6128R Central Asia Metals PLC 22 September 2017 \n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AND THE INFORMATION CONTAINED IN IT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. PLEASE SEE THE IMPORTANT NOTICE WITHIN THIS ANNOUNCEMENT.\n \nThis announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.\n \n22 September 2017\nCENTRAL ASIA METALS PLC\nRESULTS OF PLACING\n \nCentral Asia Metals PLC (CAML or the Company) is pleased to announce the results of the underwritten conditional placing of new and existing ordinary shares of US$0.01 each in the Company (the Placing), announced earlier today.\n \nA total of 49,150,000 new ordinary shares (the Company Placing Shares) and 10,605,875 existing ordinary shares (the Sale Shares and, together with the Company Placing Shares, the Placing Shares) of US$0.01 each in the Company have been conditionally placed by J.P. Morgan Securities plc (which conducts its UK investment banking business as J.P. Morgan Cazenove) (J.P. Morgan Cazenove) and Peel Hunt LLP (Peel Hunt), acting as Joint Bookrunners, and Mirabaud Securities Limited (Mirabaud) acting as lead manager at a price of 230 pence per Placing Share (the Placing Price), raising total proceeds of approximately £137.4 million (approximately $186.6 million) (the Total Proceeds). The Total Proceeds consist of approximately £113.0 million (approximately $153.5 million) of primary proceeds for the Company (Company Proceeds), and approximately £24.4 million (approximately $33.1 million) of secondary proceeds to CBH Europe (Secondary Proceeds).\n \nThe Placing Price represents a discount of 9.6 per cent. to the closing price on 1 September 2017, being the last date before the Company's shares were suspended from trading and a discount of 7.8 per cent. taking into account the interim dividend of 6.5 pence which will be paid on 27 October 2017.\n \nThe Company Placing Shares represent approximately 43.9 per cent. of the Company's existing issued ordinary share capital. The Sale Shares represent 9.5 per cent. of the Company's existing issued ordinary share capital immediate...