Business
Results of Placing
Results of Placing.
About this update from Getbusy Plc
[{"type":"text","content":"\n \nRNS Number : 3418X GetBusy PLC 18 December 2019 \n\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain. \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. \n \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 \n18 December 2019\nGetBusy plc\nResults of Placing\nFurther to the announcement earlier today of the proposed Placing by GetBusy plc (\"GetBusy\" or the \"Company\"), the Company is pleased to announce the successful completion of the conditional Placing.\nA total of 4,444,444 New Ordinary Shares in the Company (\"Placing Shares\") have been conditionally placed by Liberum, acting as sole bookrunner, at a price of 45 pence per Share pursuant to the Placing, raising total gross proceeds of approximately £2 million.\nSeparately, as announced earlier today, the Company also intends to implement the proposed Share Capital Reorganisation, proposed new Incentive Plans and a proposed waiver of the obligations under Rule 9 of the Takeover Code in relation to potential Share Subscriptions and the grant of rights to subscribe for New Ordinary Shares pursuant to the terms of the new Incentive Plans. \nThe net proceeds raised by the Placing will be distributed by the Company to those Shareholders entitled to a Fractional Entitlement following the pro rata deduction of the costs associated with the Share Capital Reorgan...