Business
Result of Retail Offer
Result of Retail Offer.
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 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 \n \n29 August 2024\n \nFacilities by ADF plc\n(\"Facilities by ADF\", \"ADF\", the \"Company\" and together with its subsidiaries the \"Group\")\n \nResult of Retail Offer\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, following the closing of the Retail Offer by BookBuild on 29 August 2024, it has conditionally raised £500,000 (before expenses) via the conditional issue of 1,000,000 Retail Offer Shares at 50 pence per Retail Offer Share in connection with the Retail Offer.\n \nThe Retail Offer was oversubscribed and therefore allocations were made to existing Shareholders, applying the principles of soft pre-emption. Existing Shareholders received 100 per cent. of their soft pre-emptive allowance when their order matched or exceeded their soft pre-emptive allowance. Given the level of demand, where the order was greater than the soft pre-emptive allowance shareholders received approximately 75.87 per cent. of their additional demand1.\n \nConsequently, 20,000,000 Placing Shares, 1,000,000 Retail Offer Shares and 5,915,357 Consideration Shares, resulting in a total of 26,915,357 New Shares, will, subject to the passing of the R...