Business
Results of Placing
Results of Placing.
About this update from Ekf Diagnostics Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 0799A EKF Diagnostics Holdings PLC 02 June 2016 \n\n2 June 2016\n \nEKF Diagnostics Holdings plc\n(\"EKF\" or the \"Company\")\n \nResults of Placing\n \nEKF Diagnostics Holdings plc (AIM: EKF) announces the successful completion of the Placing announced this morning. A total of 42,205,707 Placing Shares have been placed at a price of 11.25 pence per Placing Share. The Placing will raise gross proceeds of approximately £4.75 million. \n \nThe Placing, conducted by Panmure Gordon as Nominated Adviser and Corporate Broker, is conditional, inter alia, on Admission. The Placing Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the existing Ordinary Shares.\n \nApplication will be made to the London Stock Exchange for admission to trading of 42,205,707 Placing Shares on AIM (\"Admission\"). It is expected that Admission will take place at 8.00 a.m. on 7 June 2016 (at which time the Placing will become unconditional) and that dealings in the Placing Shares on AIM will commence at the same time. \n \nDirector dealings\n \nThe Company has been notified that North Atlantic Smaller Companies Investment Trust PLC (\"NAIT\") and Oryx International Growth Fund Limited (\"Oryx\") participated in the Placing as detailed below. Harwood Capital LLP (\"Harwood\") is investment manager and investment adviser to NAIT and Oryx respectively. Christopher Mills, the Company's Non-Executive Chairman, is a partner and Chief Investment Officer of Harwood. Christopher Mills is also a director of Oryx and NAIT. He holds 2.16 per cent. of the shares in Oryx in his own name as well as a further 46.44 per cent. of the shares in Oryx via his 25.06 per cent. shareholding in NAIT.\n \n\n\n\n\nEntity\n\n\nNumber of Placing Shares acquired pursuant to the terms of the Placing\n\n\nResulting holding post Admission\n\n\n% of enlarged issued voting share capital\n\n\n\n\nOryx\n\n\n4,650,000\n\n\n40,000,000\n\n\n8.62%\n\n\n\n\nNAIT\n\n\n16,297,656\n\n\n64,947,656\n\n\n13.99%\n\n\n\n\nTotal\n\n\n20,947,656\n\n\n104,947,656\n\n\n22.61%\n\n\n\n\n \n \n \nThe Company has also been notified today that certain other Directors of EKF have agreed to acquire Placing Shares pursuant to the terms of the Placing. The beneficial interests of the partic...