Business
Proposed Placing and Lock-In Extension
Proposed Placing and Lock-In Extension.
About this update from Frp Advisory Group Plc
[{"type":"text","content":"\n \n \n \n THIS ANNOUNCEMENT, INCLUDING 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. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\n \n \n \n \n THE PLACING SHARES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES UNLESS THEY ARE REGISTERED UNDER APPLICABLE LAW OR EXEMPT FROM REGISTRATION. THE COMPANY DOES NOT INTEND TO REGISTER ANY PORTION OF THE OFFER IN THE UNITED STATES OR TO CONDUCT A PUBLIC OFFER OF SECURITIES IN THE UNITED STATES. NO MONEY, SECURITIES OR OTHER CONSIDERATION IS BEING SOLICITED AND, IF SENT IN RESPONSE TO THE INFORMATION CONTAINED HEREIN, WILL NOT BE ACCEPTED.\n \n \n \n \n THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS AMENDED BY THE MARKET ABUSE (AMENDMENT) (UK MAR) REGULATIONS 2019. 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 \n FRP Advisory Group plc\n \n \n \n (\"FRP\" or the \"Company\")\n \n \n \n Proposed Placing and Lock-In Extension\n \n \n \n FRP Advisory Group plc, a leading national specialist business advisory firm\n , today announces the proposed placing of an aggregate of not less than 27,821,958 new and existing ordinary shares of £0.001 each in the Company (\"Ordinary Shares\") at a price of 140 pence (the \"Placing Price\") per Ordinary Share (the \"Placing\").\n \n \n Cenkos Securities plc (\"Cenkos\" or the \"Bookrunner\") is acting as sole bookrunner in relation to the Placing.\n \n \n The Company has been notified by certain Directors and Partners of the Company (together the \"Selling Shareholders\") of their intention to sell approximately 22,464,815 existing Ordinary Shares (the \"Selling Shareholder Shares\") at the Placing Price. In addition, the Company also intends to place 5,357,143 new Ordinary Shares (the \"New Placing Shares\" and together with the Selling Sh...