Business
Completion of Share Capital Reorganisation
Completion of Share Capital Reorganisation.
About this update from Getbusy Plc
[{"type":"text","content":"\n \nRNS Number : 0655Z GetBusy PLC 08 January 2020 \n\nNot for publication, distribution or release directly or indirectly, in whole or in part, in or into the United States of America, Canada, Japan, the Republic of South Africa, or into any other jurisdiction where offers or sales would be prohibited by applicable law. This announcement is for information purposes only and is not an offer to sell or a solicitation to buy securities in GetBusy plc or any other entity in any jurisdiction, including the United States of America, Canada, Australia, Japan, the Republic of South Africa, or New Zealand. \nFurther, this Announcement is made for information purposes only and does not constitute an offer to sell or issue or a solicitation to buy, subscribe for or otherwise acquire shares in GetBusy plc in any jurisdiction in which any such offer or solicitation would be unlawful.\n \n8 January 2020\nGetBusy plc\nCompletion of Share Capital Reorganisation \nFurther to the announcement on 7 January 2020 confirming the passing of all the resolutions at the General Meeting, GetBusy is pleased to announce the completion of the Share Capital Reorganisation and Placing. \nAt the Record Date of 6:00 p.m. on 7 January 2020, the Ordinary Shares were consolidated on a 1 for 5,000 basis such that every 5,000 Ordinary Shares were consolidated into 1 Consolidated Ordinary Share. Immediately following the Consolidation, the Consolidated Ordinary Shares (which included the Consolidated Ordinary Shares representing the Fractional Entitlements) were sub-divided on the basis of 5,000 New Ordinary Shares for each Consolidated Ordinary Share held. \nFurther to the Company's announcement on 18 December 2019, in which it announced that Liberum had conditionally placed 4,444,444 New Ordinary Shares in order to minimise the risk that the number of Fractional Entitlements exceeds the Placing Participations, the Company can now confirm that Fractional Entitlements equal to 4,225,000 New Ordinary Shares were created as a result of the Share Consolidation. Therefore, Liberum has scaled back the Placing Participations such that a total of 4,225,000 New Ordinary Shares have been placed with investors, representing 8.7 per cent. of the New Ordinary Shares created as a result of the Share Capital Reorganisation.\nThe New Ordinary Shares are expe...