Business
Open Offer Launch, Posting of Circular & GM Notice
Open Offer Launch, Posting of Circular & GM Notice.
About this update from Creo Medical Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8001I\n Creo Medical Group PLC\n 16 August 2021\n \n \n \n THIS ANNOUNCEMENT, INLCUDING THE INFORMATION CONTAINED IN IT, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR FORWARDING, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.\n \n FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.\n \n LEI: 213800H188ZDCWWXFA21\n \n \n 16 August 2021\n \n Creo Medical Group plc\n (\"Creo\" or the \"Company\")\n \n Launch of Open Offer, Posting of Circular\n and\n Notice of General Meeting\n \n \n \n The Company is pleased to announce that, further to the announcement made on 12 August 2021 (RNS No: 5145I ) regarding the Fundraising (the \"Launch Announcement\"), i\n t is proposing to raise up to approximately £5.07 million (before expenses) through an Open Offer pursuant to which Qualifying Shareholders will have an opportunity to subscribe for an aggregate of 2,775,896 Open Offer Shares at an Offer Price of 182.5 pence per Open Offer Share.\n \n \n \n \n \n Pursuant to the Open Offer, Qualifying Shareholders will be given the opportunity to subscribe for:\n \n \n \n \n \n \n 1\n \n Open Offer Share for every \n \n 58\n \n Existing Ordinary Shares\n \n \n \n \n \n held by Qualifying Shareholders at the Record Date and so on in proportion for any other number of Existing Shares then held.\n \n \n \n \n \n Any Open Offer Shares not subscribed for by Qualifying Shareholders will be available to Qualifying Shareholders under the Excess Application Facility\n and as such, Qualifying Shareholders seeking to limit their dilution from the Placing can also request additional Open Offer Shares (\"Excess Shares\") under the Excess Application Facility. The Open Offer is not being underwritten. \n \n \n \n \n \n The Open Offer is conditional upon, among other things (i) the Resolutions being duly passed by Shareholders at the General Meeting and (ii) Admission having become effective at or before 8.00 a.m. on 7 September 2021 (or such l...