Business
Placing and Subscription to raise £3 million
Placing and Subscription to raise £3 million.
About this update from Fiinu Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0000L\n Immedia Group PLC\n 08 January 2021\n \n \n \n \n \n \n \n \n \n \n The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n \n \n \n \n 8 January 2021 \n \n \n For immediate release\n \n \n Immedia Group Plc\n \n \n (\"Immedia\" or \"the Company\" or \"the Group\")\n \n \n \n \n \n Proposed Placing and Subscription to raise £3.0 million\n \n \n Amendments to the Company's Articles of Association\n \n \n Notice of General Meeting\n \n \n \n \n \n \n \n \n \n \n \n \n Immedia \n \n (\n AIM: IME), a supplier of multi-media content and digital solutions for leading brands and global businesses, announces that it has conditionally raised gross proceeds of £3.0 million via the placing of 10,400,000 new Ordinary Shares at £0.25 per share (the \"Placing Shares\") and a Subscription for 1,600,000 new Ordinary Shares at £0.25 per share (the \"Subscription Shares\"). The Placing Shares and the Subscription Shares are offered with a 1 for 1 warrant (the \"New Warrants\").\n \n \n \n \n \n The Placing and Subscription are conditional, inter alia, on the passing of the Resolutions by Shareholders at the General Meeting, details of which are set out below. If the Resolutions are passed, admission of the Placing Shares and Subscription Shares to trading on AIM is expected to occur on or about 8.00 a.m. on 2 February 2021. \n The New Warrants, which are exercisable at a price of 35 pence each for a period of 12 months from Admission, are not transferable and will not be admitted to trading on AIM or any other market. Further details about the New Warrants are given \n below\n .\n \n \n Shareholders' attention is drawn to the paragraph below entitled \"General Meeting,\" which contains important information about the format of, and attendance at, the meeting.\n \n \n \n \n \n In addition to the Placing and Subscription, the Company is proposing that certain amendments are made to the \n Company's \n Articles\n of Association\n . The first is to amend the notice period ...