Business
Proposed Accelerated Bookbuild
Proposed Accelerated Bookbuild.
About this update from Craneware Plc
[{"type":"text","content":"\n \n \n RNS Number : 8361V\n Craneware plc\n 11 August 2020\n \n \n \n \n THIS ANNOUNCEMENT, INCLUDING THE APPENDICES AND THE INFORMATION CONTAINED THEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE, DISTRIBUTION OR FORWARDING, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL. \n \n \n \n \n \n FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER OF SECURITIES IN ANY JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\n \n \n \n For immediate release\n \n \n LEI: 213800O2CTJ1YFXNXG05\n \n 11 August 2020\n Craneware plc\n (\"Craneware\", the \"Company\" or the \"Group\")\n \n Proposed accelerated bookbuild to raise approximate gross proceeds of £80 million ($105 million*) comprising the issue of up to approximately 20 per cent. of the Company's issued share capital\n \n \n Introduction\n \n \n \n \n \n Craneware (AIM: CRW.L), a market leader in Value Cycle solutions for the US healthcare market, today announces a proposed placing to institutional investors of new ordinary shares of one pence each (\"Ordinary Shares\") (the \"Placing Shares\") to raise approximately £80 million ($105 million*) (before expenses). \n \n \n \n \n \n The Placing is being conducted through an accelerated bookbuild process (the \"Bookbuild\") which will be launched immediately following this Announcement (as defined below)\n in accordance with the terms and conditions of the Placing set out in the Appendix to this Announcement. The price at which the Placing Shares are to be placed (the \"Placing Price\") will be determined at the end of the bookbuild. The Placing Shares are expected to represent approximately 20 per cent. of the Company's current issued share capital (the \"Placing\"). \n \n \n \n \n \n Peel Hunt LLP (\"Peel Hunt\"),\n Investec Bank plc (\"Investec\") and Joh. Berenberg, Gossler & Co. KG (\"Berenberg\") are acting as joint global co-ordinators and joint bookrunners (\n the \"Joint Global Co-ordinators\", \n the \"Joint Bookrunners\",\n or the \"Banks\"\n ) in connection with the Placing.\n \n \n \n \n Overv...