Business
Results of Placing
Results of Placing.
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 THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE ANY SECURITIES OF THE COMPANY\n \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 16 June 2022\n \n \n \n FRP Advisory Group plc\n \n \n \n (\"FRP\" or the \"Company\")\n \n \n \n Results of Placing\n \n \n \n FRP Advisory Group plc, a leading national specialist business advisory firm\n , is pleased to announce that further to the announcement made yesterday, the Bookbuild has been successful and has now closed, with the Placing significantly oversubscribed.\n \n \n An aggregate of 27,821,958 Placing Shares have been placed under the Placing with new and existing institutional investors at a placing price of 140 pence per Placing Share, conditional on Admission of the New Placing Shares, consisting of 5,357,143 New Placing Shares and the Selling Shareholders having sold, in aggregate, 22,464,815 Selling Shareholder Shares.\n \n \n Cenkos acted as sole bookrunner in connection with the Placing.\n \n \n Following the Placing, the extensions to the lock-in and clawback arrangements applicable to the balance of Selling Shareholders' shares, as described in the announcement made on 15 June 2022, have become effective. The extended lock-in arrangements apply to 36.1 per cent. of the Company's issued share capital, as enlarged by the issue of the New Placing Shares. Upon completion of the Placing, the FRP Advisor...