Business
Retail Offer via PrimaryBid.com
Retail Offer via PrimaryBid.com.
About this update from Compass Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 3181N\n Compass Group PLC\n 19 May 2020\n \n \n \n \n \n \n \n Compass Group PLC LEI: 2138008M6MH9OZ6U2T68\n \n \n \n \n \n THIS ANNOUNCEMENT, INCLUDING THE APPENDICES AND THE INFORMATION IN THEM, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.\n \n \n FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.\n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\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 Compass Group PLC Press Release\n \n \n 19 May 2020\n \n \n \n \n \n Retail Offer via PrimaryBid.com\n \n \n Retail Offer\n \n \n Compass Group PLC (\"Compass\", the \"Group\" or the \"Company\"), the world's leading food service company, is pleased to announce a retail offer via PrimaryBid\n of new ordinary shares (the \"Retail Shares\") of 11 1/20 pence each in the capital of the Company (the \"Retail Offer\"). \n \n \n As separately announced today, the Company is conducting a non-pre-emptive placing of new ordinary shares (the \"Placing Shares\") in the capital of the Company (the \"Placing\") through an accelerated bookbuilding process (the \"Bookbuilding Process\"). The price at which the Placing Shares are to be placed (the \"Placing Price\") will be determined at the close of the Bookbuilding Process. In addition, directors and members of the senior management team of the Company intend to subscribe for new ordinary shares in the capital of the Company alongside the Placing (the \"Subscription\"), contributing approximately £1.1m in total.\n \n \n The issue price for the Retail Shares, as well as for the shares in the Subscription, will be equal to the Placing Price.\n \n \n \n \n \n Reasons for the Retail Offer\n \n \n While the Placing has been structured as a non-pre-emptive offer so as to minimise cost, time to completion ...