Business
Completion of Placing
Completion of Placing.
About this update from Conygar Investment Company Plc
[{"type":"text","content":"\n \nRNS Number : 9250V Conygar Investment Company PLC(The) 19 December 2013 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR THE UNITED STATES OF AMERICA OR TO US PERSONS.\nThis announcement is an advertisement and not a prospectus. Investors should not subscribe for or purchase any transferable securities referred to in this announcement except on the basis of information in the prospectus to be published by ZDPCo and the Company in due course in connection with the proposed admission of the ZDP Shares to the Official List (by way of a standard listing under Chapter 14 of the Listing Rules of the UK Listing Authority); and to the London Stock Exchange's main market for listed securities.\n \n \nFor immediate release\n19 December 2013\nTHE CONYGAR INVESTMENT COMPANY PLC\nCOMPLETION OF PLACING\nThe Board of The Conygar Investment Company PLC (\"Conygar\" or \"Company\" or \"Group\") is pleased to announce that it has successfully conditionally placed 30 million zero dividend preference shares (\"ZDP Shares\") at 100 pence per share to raise gross proceeds of £30 million (\"Placing\"). \nFurther details of the Placing are set out in the announcement released by the Company on 16 December 2013. Liberum Capital Limited is acting as financial adviser and sole bookrunner in relation to the Placing.\nThe Group is currently preparing a prospectus in connection with the issue of the ZDP Shares which will be published in due course following approval by the UK Listing Authority. Admission of the ZDP Shares to a standard listing of the Official List and to trading on the London Stock Exchange's main market for listed securities is expected to take place in mid-January 2014, after publication of the prospectus. \nRobert Ware, Chief Executive of Conygar, commented:\n\"We are very pleased by the strong investor appetite for Conygar's zero dividend preference shares. The gross proceeds of £30 million positions Conygar strongly to take advantage of exciting opportunities within our existing portfolio and across the wider marketplace.\"\nFor further information:\n\n\n\n\nThe Conygar Investment Company PLC\nRobert Ware, Chief Executive\nPeter Batchelor, Finance Director\n \n\n\nTel: 020 7258 8670\n\n\n\n\nL...