Business
Proposed Acquisition, Primary & Secondary Placing
Proposed Acquisition, Primary & Secondary Placing.
About this update from Facilities By Adf Plc
[{"type":"text","content":"\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, CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. THIS ANNOUNCEMENT SHOULD BE READ IN ITS ENTIRETY. FURTHER DETAILS OF THE FUNDRAISING AND THE SALE ARE SET OUT BELOW.\n \nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY NEW SHARES OF OR SALE SHARES IN FACILITIES BY ADF PLC.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF THE MARKET ABUSE REGULATION NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"MAR\"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \nTHIS ANNOUNCEMENT SHOULD BE READ IN ITS ENTIRETY. IN PARTICULAR, YOU SHOULD READ AND UNDERSTAND THE INFORMATION PROVIDED IN THE APPENDIX WHICH CONTAINS THE TERMS AND CONDITIONS OF THE PLACING AND THE SALE.\n \nTERMS NOT OTHERWISE DEFINED HEREIN (INCLUDING THE APPENDIX TO THIS ANNOUNCEMENT) SHALL HAVE THE MEANINGS GIVEN IN THE SECTION ENTITLED \"DEFINITIONS\" OF THIS ANNOUNCEMENT.\n \n \n22 August 2024\n \n \n \nFACILITIES BY ADF PLC\n(\"Facilities by ADF\", \"ADF\", the \"Company\" and together with its subsidiaries the \"Group\")\n \n \nProposed Acquisition of Autotrak Portable Roadways Limited\n \nProposed Placing and Retail Offer to raise gross proceeds of up to £10.5 million for the Group\n \nProposed Sale to raise gross proceeds of not less than £10.0 million for the Selling Shareholders\n \n \nFacilities by ADF (AIM: ADF), the leading provider of premium serviced production facilities to the UK film and high-end television industry (\"HETV\"), is pleased to announce that it has conditionally agreed to acquire the entire issued share capital of Autotrak Portable Roadways Limited for a consideration of up to £21.3 million. In order to finance the Acquisition, the Company proposes to...