Business
Results of Placing
Results of Placing.
About this update from Fuller, Smith & Turner P.l.c. Class A
[{"type":"text","content":"\n \n \n \n RNS Number : 1735U\n Fuller,Smith&Turner PLC\n 31 March 2021\n \n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION OR FORWARDING, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.\n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER OF SECURITIES IN ANY JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.\n \n \n 31 March 2021\n \n \n Fuller, Smith & Turner P.L.C.\n \n \n \n \n \n (\"Fuller, Smith & Turner\", \"Fuller's\", the \"Company\" or the \"Group\")\n \n \n \n \n \n Results of Placing\n \n \n Fuller, Smith & Turner P.L.C. (LSE: FSTA.L), a premium pubs and hotels business\n , \n announces the successful completion of its non-pre-emptive placing (the \"Placing\") of new 'A' Ordinary Shares of 40 pence each in the capital of the Company (the \"Placing Shares\") following this morning's announcement\n .\n \n \n A total of \n 6,455,447 \n Placing Shares have been placed by \n Numis Securities Limited (\"Numis\") (\"Bookrunner\")\n , as agent for and on behalf of the Company, at a price of \n 830\n pence per Placing Share (the \"Placing Price\").\n \n \n The Placing of \n 6,455,447 \n Placing Shares, representing approximately 20 per cent. of the Company's existing issued 'A' Ordinary Share capital, equates to gross proceeds of approximately £\n 53.6 \n million. The Placing Price represents a discount of approximately \n 4.60\n per cent. to the Company's mid-market 'A' \n Ordinary Share \n price of \n 870 pence\n on \n 30\n March 2021.\n \n \n In conjunction with the Placing, Directors of the Company have committed to subscribe for an aggregate of 13,853 new 'A' Ordinary Shares at a price of 830 pence per 'A' Ordinary Share and have applied to acquire 132,528 'B' Ordinary Shares in the capital of the Company (the \"Director Subscriptions\") pursuant to subscription and transfer letters entered into by such Directors.\n \n \n The Placing is conditional on certain shareholder app...