Business
Result of ABB & Temporary Suspension of Trading
Result of ABB & Temporary Suspension of Trading.
About this update from Fiinu Plc
[{"type":"text","content":"\n \n \n This announcement is for information purposes only and does not constitute or contain any invitation, solicitation, recommendation, offer or advice to any person to subscribe for, otherwise acquire or dispose of any securities in Immediate Acquisition Plc or any other entity in any jurisdiction. Neither this announcement nor the fact of its distribution shall form the basis of, or be relied on in connection with, any investment decision in Immediate Acquisition Plc.\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 which forms part of English law by virtue of the European Union (Withdrawal) Act 2018, as amended. 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 \n \n \n 15 June 2022\n \n \n \n \n \n \n \n \n \n Immediate Acquisition Plc\n \n \n \n (\"IME\" or \"the Group\" or \"the Company\")\n \n \n \n \n \n \n \n \n Result of Accelerated Book Build and Temporary Suspension of Trading\n \n \n \n \n \n \n The Directors of Immediate Acquisition Plc (AIM: IME) are pleased to announce the results of the placing (the \"Placing\") announced yesterday, 14 June 2022, and provide an update on the proposed acquisition of Fiinu Holdings Limited (\"Fiinu\") (the \"Proposed Acquisition\").\n \n \n A total of 40,050,000 new ordinary shares of 10 pence nominal value each in the capital of the Company (the \"Placing Shares\") were conditionally placed with institutional and other investors at a price of 20 pence per Placing Share (the \"Placing Price\"), raising gross proceeds of £8,010,000.\n \n \n \n \n \n \n Director Participation in the Placing and Related Party Transaction\n \n \n \n \n \n \n Mark Horrocks, a non-executive Director of IME, and his family interests have subscribed for a total of 17,500,000 Placing Shares.\n \n \n \n \n \n Mark Horrocks' participation in the Placing, as described above, is a related party transaction for the purposes of the AIM Rules. The Company's independent directors, being Tim Hipperson and Simon Leathers, having consulted with the Company's nominated adviser SPARK Advisory Partners Limited, co...