Business
Result of Retail Offer
Result of Retail Offer.
About this update from Concurrent Technologies Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT (THE \"ANNOUNCEMENT\") AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, ITS STATES, TERRITORIES AND POSSESSIONS (\"UNITED STATES\"), AUSTRALIA, CANADA, JAPAN, SINGAPORE, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE PROHIBITED BY ANY APPLICABLE LAW.\nTHIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY SECURITIES.\nTHIS ANNOUNCEMENT WAS DEEMED BY THE COMPANY (DEFINED BELOW) TO CONTAIN INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) (\"UK MAR\").\n \n25 August 2023\n \n \nConcurrent Technologies plc\n(\"Concurrent Technologies\" or the \"Company\")\n \nResult of Retail Offer\nFurther to the announcement by the Company in respect of the Retail Offer dated 16 August 2023 (the \"Retail Offer Announcement\"), Concurrent Technologies (AIM: CNC), a world leading specialist in the design and manufacture of high-end embedded computer solutions for critical applications, is pleased to announce that, following the closing of the Retail Offer on the BookBuild platform on 24 August 2023, 461,538 Retail Offer Shares will be issued at the Issue Price of 65 pence per share in connection with the Retail Offer, which was significantly oversubscribed.\nAllocations were made to existing Shareholders, applying the principles of soft pre-emption. Given the significant demand, existing Shareholders received approximately 67 per cent. of their soft pre-emptive allowance, when their order matched or exceeded their soft pre-emptive allowance.1\nOther than where defined, capitalised terms used in this Announcement have the meanings given to them in the Retail Offer Announcement.\nConsequently, 10,000,000 Placing Shares, 461,538 Retail Offer Shares and 1,807,686 Consideration Shares resulting in a total of 12,269,224 New Ordinary Shares will be issued in relation to the Fundraising and Acquisition.\nCompletion of the Retail Offer is conditional, inter alia, upon approval of the Shareholders a...