Business
Result of Placing and Notice of General Meeting
Result of Placing and Notice of General Meeting.
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 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 FACILITIES BY ADF PLC.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) 596/2014 WHICH FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"UK MAR\"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN UK MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION, AS PERMITTED BY UK MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.\n \n23 August 2024\n \nFacilities by ADF plc\n(\"Facilities by ADF\", \"ADF\", the \"Company\" and together with its subsidiaries the \"Group\")\n \nResult of Placing, Posting of Circular\nand\nNotice of General Meeting\n \nFacilities by ADF (LSE: ADF), the leading provider of premium serviced production facilities to the UK film and high-end television industry, is pleased to announce that, further to the announcement made on 22 August 2024 regarding the Fundraising (the \"Launch Announcement\"), it has conditionally raised gross proceeds of a total of £10.0 million, pursuant to a placing of 20,000,000 Placing Shares at the Issue Price of 50 pence per Placing Share. The Placing was heavily oversubscribed.\n \nIn addition, the Selling Shareholders have conditionally sold an aggregate of 20,000,000 Existing Ordinary Shares at the Issue Price pursuant to the Sale.\n \nFurther to the announcement made on 22 August 2024 in respect of the Retail Offer to raise up to a...