Business
Amendment to Placing
Amendment to Placing.
About this update from Discoverie Group Plc
[{"type":"text","content":"\n \nRNS Number : 0670B Acal PLC 27 March 2013 \n \n\n \n \n27 March 2013\n \nAcal plc\n \nAmendment to Placing \n \n \nFurther to the Company's announcement on 8 March 2013 in relation to the Placing and to the announcement earlier today that shareholders had approved the Acquisition at today's General Meeting, the Company advises that the number of New Ordinary Shares to be issued pursuant to the Placing has been amended to 2,816,074 New Ordinary Shares (the \"Placing Shares\"), representing a reduction of 29,058 Ordinary Shares. The number of Placing Shares has been reduced in order to ensure that the Placing Shares represent less than 10 per cent of the number of Ordinary Shares currently admitted to trading of 28,188,931 Ordinary Shares. The Company's total issued share capital prior to the Placing is 28,479,804 Ordinary Shares and the Company will seek admission for the balance in due course.\n \nThe gross proceeds of the Placing will therefore reduce to £6.05 million from £6.12 million. All other terms of the Placing and the Placing Price will remain unchanged. It is expected that Admission will become effective and that dealings for normal settlement in the Placing Shares will commence on the London Stock Exchange at 8.00 a.m. on 28 March 2013.\nAll terms in this announcement have the meaning given to them in the announcement made by the Company at 7:00 a.m. on 8 March 2013 unless otherwise defined herein.\n \nFor further information please contact: \n\n\n\n\n\n\nAcal plc\n\n\n01483 544 500\n\n\n\n\nNick Jefferies\n\n\n\n\n\nSimon Gibbins\n \n\n\n\n\n\n\nOriel SecuritiesSponsor, sole bookrunner and broker\n\n\n\n020 7710 7600\n\n\n\n\nDavid Arch\n\n\n\n\nAshton Clanfield\n\n\n\n\nStewart Wallace\n\n\n\n\n \n\n\n \n\n\n\n\nCubitt Consulting\n\n\n020 7367 5100\n\n\n\n\nGareth David\n\n\n\n\nCebuan Bliss\n\n\n\n\n \n \nDisclaimer:\nThis announcement contains a number of forward-looking statements relating to the Group and the Enlarged Group with respect to, amongst others, the following: financial condition; results of operations; economic conditions in which the Group operates and in which the Enlarged Group will operate; the business of the Group and the Enlarged Group; future benefits of the Acquisition and management plans and objectives. The Company...