Business
Result of Placing
Result of Placing.
About this update from Diploma Plc
[{"type":"text","content":"\n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE, DISTRIBUTION OR FORWARDING, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH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 17 March 2023 \n \n \n \n DIPLOMA PLC\n \n \n \n \n Result of Placing\n \n \n \n \n \n \n \n \n Diploma PLC (\"Diploma\" or the \"Company\"), the international group supplying specialised technical products and services, announces the successful pricing of the non-pre-emptive placing of new ordinary shares of 5p each in the capital of the Company (\"Ordinary Shares\") following yesterday's announcement (the \"Placing\").\n \n \n \n \n \n A total of 9,297,005 new Ordinary Shares (the \"Placing Shares\") have been placed with institutional investors by Barclays Bank PLC (\"Barclays\") and Numis Securities Limited (\"Numis\") (together, the \"Bookrunners\") at a price of 2,525 pence per Placing Share (the \"Placing Price\") raising gross proceeds of approximately £235 million.\n \n \n \n \n \n Concurrently with the Placing, each of the directors of the Company have subscribed for an aggregate of 3,960 new Ordinary Shares (the \"Subscription Shares\"), at the Placing Price, pursuant to subscription letters entered into with the Company (the \"Subscription\"). The proceeds of the Subscription will be approximately £100,000. In addition, retail investors have subscribed in the separate offer made by the Company via the PrimaryBid platform for a total of 50,000 new Ordinary Shares (the \"Retail Shares\") at the Placing Price (the \"Retail Offer\") raising gross proceeds of approximately £1 million.\n \n \n \n \n \n Together, the Placing, Subscription and Retail Offer (together, the \"Capital Raise\") in aggregate comprised 9,350,965 new Ordinary Shares, and will raise gross proceeds of approximately £236 million. The Placing Price represents a discount of approximately 4.2 per cent to the ...