Business
Proposed Placing
Proposed Placing.
About this update from Diploma Plc
[{"type":"text","content":"\n \n \n \n THIS ANNOUNCEMENT, INCLUDING THE APPENDICES AND THE INFORMATION CONTAINED IN THEM, 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, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.\n \n \n \n \n FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.\n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.\n \n \n \n \n For immediate release \n \n \n \n 16 March 2023\n \n \n DIPLOMA PLC\n \n \n PROPOSED PLACING, RETAIL OFFER AND SUBSCRIPTION OF NEW ORDINARY SHARES\n \n \n \n \n \n Diploma PLC (\"Diploma\" or the \"Company\"), the international group supplying specialised technical products and services, announces \n its intention to conduct a non pre-emptive placing of new ordinary shares (the \"Placing Shares\") of 5p each in the capital of the Company (the \"Placing\").\n \n \n In conjunction with the Placing, all of the directors of the Company intend to subscribe (the \"Subscription\") for new ordinary shares in the capital of the Company (the \"Subscription Shares\") at the Placing Price (as defined below) to contribute approximately £100,000\n in aggregate. In addition to the Placing and Subscription, the Company intends to make an offer on the PrimaryBid platform of new ordinary shares in the capital of the Company (the \"Retail Shares\") at the Placing Price (the \"Retail Offer\"), to provide retail investors with an opportunity to participate in the equity fundraise. A separate announcement will be made shortly regarding the Retail Offer and its terms.\n \n \n Both the Subscription and the Retail Offer are conditional on the Placing, but the Placing is not conditional on the Subscription or the Retail Offer.\n \n \n \n \n \n Together, the total number of Placing Shares, Subscription Shares and Retail Shares will be approximately 7.5 per cent. of the current issued share capital of the Company.\n \n \n The Placing will be conducted through an accelerated bookbuilding process (the \"Bookbuilding Process\") which will be launched immediately following this announcement and will be made available to new and existing eli...