Business
Result of Placing and Further Allotment of Shares
Result of Placing and Further Allotment of Shares.
About this update from Emv Capital Plc
[{"type":"text","content":"\n \nRNS Number : 7886E NetScientific PLC 06 November 2015 \n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. \n \n \nTHIS ANNOUNCEMENT IS NOT AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY ORDINARY SHARES OR OTHER SECURITIES OF THE COMPANY AND NEITHER THIS ANNOUNCEMENT NOR ANYTHING HEREIN FORMS THE BASIS FOR ANY CONTRACT OR COMMITMENT WHATSOEVER. ORDINARY SHARES OR OTHER SECURITIES OF THE COMPANY MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OF AMERICA ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION AND THE ORDINARY SHARES DESCRIBED HEREIN WILL BE SOLD IN ACCORDANCE WITH ALL APPLICABLE LAWS AND REGULATIONS.\n \n \n \n6 November 2015\nNetScientific plc\n(the \"Group\")\n \nResult of Placing and Further Allotment of New Shares Pursuant to Offer\n \nOn 1 October 2015, the Group announced a conditional Placing to raise approximately £18.0m and an Additional Fundraising to raise up to approximately £2.0m, both before expenses. \n \nThe Additional Fundraising closed for acceptances at 11.00 a.m. on 5 November 2015 and the Company is pleased to announce that it has received valid acceptances in respect of 119,508 Additional Fundraising Shares from Shareholders, which includes 20,833 Additional Fundraising Shares from directors of NetScientific. This represents 7.2 per cent. of the Additional Fundraising Shares offered. The Company has therefore raised a total of £18.14 million, before expenses, from the Placing and Additional Fundraising.\n \nThe New Ordinary Shares to be issued pursuant to the Placing and Additional Fundraising remain subject to the passing of the Resolutions at the General Meeting to be held at the offices of Simmons & Simmons, CityPoint, 1 Ropemaker Street, London EC2Y 9SS at 9.00 a.m. today and Admission (as defined below).\n \nCapitalised terms in this announcement have the meanings given to them in the Circular dated 21 October 2015.\n \nApplications have been made to the London Stock Exchange for New Ordinary Shares to be admitted to ...