Business
Update on Placing
Update on Placing.
About this update from Eagle Eye Solutions Group Plc
[{"type":"text","content":"\n \nRNS Number : 4057G Eagle Eye Solutions Group PLC 26 May 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, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND, NEW ZEALAND OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT HAS NOT BEEN APPROVED BY THE LONDON STOCK EXCHANGE, NOR IS IT INTENDED THAT IT WILL BE SO APPROVED.\n \n26 May 2017\n \nEagle Eye Solutions Group PLC\n(\"Eagle Eye\" or the \"Company\")\n \nUpdate on Placing \n \nEagle Eye (AIM: EYE), the SaaS technology company that validates and redeems digital promotions in real-time for the grocery, retail and hospitality industries, is pleased to confirm that following its announcement released earlier today 2,666,667 Ordinary Shares have been conditionally placed by Investec Bank plc with certain institutional and other investors at a price of 225.0 pence per Placing Share to raise approximately £6.0 million (before expenses). \n \nThe Company confirms that each of the Directors and PDMRs have participated in the Placing as set out in the Company's announcement released earlier today.\n \nThe Placing remains conditional on, inter alia, the passing of the Resolutions which are to be proposed at a General Meeting of the Company to be held on 12 June 2017 and Admission taking place on 13 June 2017 (or such later time as the Company and Investec may agree, being not later than 30 June 2017).\n \nCapitalised terms used in the announcement released earlier today in relation to the Placing shall have the same meanings in this announcement.\n \n \nExpected Timetable of Principal Events \n\n\n\n\n\n\n\n2017\n\n\n\n\nLast time and date for receipt of Proxy Forms and CREST Proxy Instructions\n\n\n9.30 a.m. on 8 June\n\n\n\n\nGeneral Meeting\n\n\n9.30 a.m. on 12 June\n\n\n\n\nAdmission and dealings in the Placing Shares expected to commence on AIM\n\n\n8.00 a.m. on 13 June\n\n\n\n\nWhere applicable, expected date for CREST accounts to be credited for Placing Shares in uncertificated form \n\n\n13 June\n\n\n\n\nWhere applicable, expected date for despatch of definitive...