Business
Results of GM/Open Offer, TVR and annual accounts
Results of GM/Open Offer, TVR and annual accounts.
About this update from Diales Group Plc
[{"type":"text","content":"\n \nRNS Number : 0671Z Driver Group plc 09 March 2017 \n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND, NEW ZEALAND OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN DRIVER GROUP PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION, SHALL FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH ANY INVESTMENT DECISION IN RESPECT OF DRIVER GROUP PLC.\n 9 March 2017\n \nDriver Group plc\n('Driver Group' or 'the Company')\n \nResults of Open Offer and General Meeting, Total Voting Rights and Posting of Accounts\n \nOn 17 February 2017 Driver Group (AIM: DRV), the global professional services consultancy to construction and engineering industries, announced the Fundraising, subject to Shareholder approval, by way of a placing and open offer to raise up to approximately £8.5 million.\n \nResult of Open Offer\nIn addition to the Placing, the Fundraising included the Open Offer of up to 1,235,662 New Ordinary Shares at an issue price of 40 pence per New Ordinary Share, which closed for acceptances at 11.00 a.m. on 8 March 2017. The Company is pleased to announce that the Open Offer was fully subscribed and Qualifying Shareholders will be notified of their allocations in due course.\n \nResult of General Meeting\nThe Board is pleased to announce that at the General Meeting held earlier today, the Resolutions proposed were duly passed.\n \nThe Fundraising remains conditional upon Admission becoming effective on or before 8.00 a.m. on 10 March 2017 (or such later time and/or date, being no later than 8.00 a.m. on 31 March 2017, as the Company and N+1 Singer may agree). Application has been made for the 21,235,662 New Ordinary Shares to be admitted to trading on AIM with Admission expected to become effective at 8.00 a.m. on 10 March 2017.\n ...