Business
Proposed placing and subscription to raise £1.375m
Proposed placing and subscription to raise £1.375m.
About this update from Feedback Plc
[{"type":"text","content":"\n \nRNS Number : 1110F Feedback PLC 25 October 2018 \n\nTHIS ANNOUNCEMENT IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain\n25 October 2018\nFeedback plc\nProposed placing and subscription to raise £1.375 million \nCambridge, 25 October 2018: Feedback plc (AIM: FDBK, \"Feedback\" or the \"Company\"), the specialist medical imaging technology company, announces that it has conditionally raised a total of £1.375 million (before expenses) via a proposed placing, by Peterhouse Capital Limited, and subscription of a total of 91,666,666 new ordinary shares (\"New Ordinary Shares\"), at an issue price of 1.5 pence per New Ordinary Share (the \"Issue Price\").\nApproximately £832,000 (before expenses) has been raised pursuant to the Company's existing share authorities (the \"Placing\"), and a further £543,000 has been raised subject to, inter alia, the approval of Shareholders at a General Meeting of the Company (the \"Subscription\"). \nFurther information on the Company, current trading and its strategy is set out below and in the shareholder circular which is expected to be posted to shareholders on or around 29 October 2018 (the \"Circular\").\n Placing Highlights:\n· The Company has conditionally raised £1.375 million (before expenses) through the issue of the 91,666,666 New Ordinary Shares, 55,466,666 of which are expected to be admitted to trading on AIM on 31 October 2018\n· Certain of the directors of the Company have subscribed for 6,933,333 New Ordinary Shares (in aggregate) pursuant to the Subscription, representing £104,000 (in aggregate) at the Issue Price\n· The Placing Price represents a discount of approximately 11.8% to the closing mid-market p...