Business
Proposed Placing
Proposed Placing.
About this update from Gateley (holdings) Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7191P\n Gateley (Holdings) PLC\n 20 October 2021\n \n \n \n \n \n \n \n 20 October 2021\n \n \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 THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY NEW ORDINARY SHARES OF GATELEY (HOLDINGS) PLC IN THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL\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 Gateley (Holdings) Plc\n \n \n (\"Gateley\", the \"Company\" or the \"Group\")\n \n \n Proposed Placing\n \n \n Gateley (AIM: GTLY), \n the \n legal and professional services group, today announces that it has been notified by certain Directors and employees (together the \"Selling Shareholders\") of their intention to sell approximately 5,000,000 existing ordinary shares of 10 pence each in the capital of the Company (or such other number as the Selling Shareholders and the Bookrunner agree) at a price of 220 pence per Placing Share. The Placing Shares represent approximately 4.2 per cent. of the issued share capital of the Company. \n \n \n Liberum Capital Limited (\"Liberum\") is acting as sole bookrunner in relation to the Placing.\n \n \n The Placing will be effected by way of an accelerated bookbuild to institutional investors which will be launched immediately following this announcemen...