Business
Placing of New Shares
Placing of New Shares.
About this update from Chill Brands Group Plc
[{"type":"text","content":"\n \nRNS Number : 4121J Highlands Natural Resources PLC 19 August 2019 \n\nTHE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n \n19 August 2019\n \nHighlands Natural Resources plc \n(\"Highlands\" or the \"Company\") \n \nPlacing of New Shares\n \nHighlands, the London listed natural resources and vertically integrated CBD company, is pleased to announce that it has raised a total of £354,000 through a placing of 5,130,433 new ordinary shares at a price of 6.9 pence per share with a group of high net worth individuals. \n \nThe placing has been conducted at the closing offer price for Highlands shares on 16 August 2019. The proceeds of the placing will be applied primarily to accelerate the marketing and development of Zoetic's products in both the US and UK.\n \nPursuant to the placing, Highlands intends to issue 256,521 new ordinary shares to Optiva Securities Ltd in satisfaction of its fee for placing the shares with the new investors. Application will therefore be made for an additional 5,386,954 ordinary shares in the Company to be admitted to trading on the Official List of the UK Listing Authority by way of a Standard Listing and to trading on the London Stock Exchange's Main Market for listed securities (\"Admission\"). Admission is expected to take place on 27 August 2019. \n \nFollowing Admission, the New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares of 1 pence each in issue, including the right to receive all dividends and other distributions declared, and the total number of ordinary shares in Highlands with voting rights will be 147,870,034. This figure may be used by Highlands shareholders as the denominator for calculations to determine if they have a notifiable interest in Highlands under the Disclosure and Transparency Rules, or if such interest has changed.\n \nRobert Price, Executive Chairman and CEO of Highlands, said: \"We are delighted to welcome our new shareholders to Highlands. Whilst the Company had no immediate funding requirement, we were kee...