Business
Result of secondary placing
Result of secondary placing.
About this update from Globaldata Plc
[{"type":"text","content":"\n \nRNS Number : 9597S GlobalData PLC 06 October 2017 \n\nTHIS ANNOUNCEMENT IS NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO, OR WITHIN AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, NEW ZEALAND OR THE UNITED STATES OR IN TO ANY OTHER JURISDICTION WHERE SUCH AN ANNOUNCEMENT WOULD BE UNLAWFUL. FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY SHARES OR OTHER SECURITIES OF GLOBALDATA PLC IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\nGlobalData Plc\n(\"GlobalData\" or the \"Company\")\nResult of secondary placing of ordinary shares in GlobalData\nOn 6 October 2017, GlobalData announced that it had been advised by Mike Danson (the \"Selling Shareholder\"), the Company's Chief Executive, that in response to demand from investors he intended to sell approximately 1.4 million ordinary shares in the Company via an accelerated bookbuild placing to institutional investors (the \"Placing\").\nGlobalData announces that, due to increased institutional demand, the Selling Shareholder has, subject to completion, sold 1,700,000 ordinary shares in the Company (the \"Placing Shares\"), representing approximately 1.7 per cent. of the issued share capital of GlobalData. The Placing Shares were placed at a price of 540 pence per share and were sold to institutional investors in a placing managed by N+1 Singer Advisory LLP (\"N+1 Singer\"), acting as sole bookrunner. The Company is not a party to the Placing and will not receive any proceeds from the Placing.\nFollowing the Placing, the Selling Shareholder holds 69,604,325 ordinary shares in the Company, representing approximately 68.1 per cent. of the Company's issued share capital.\nSettlement of the Placing is expected to take place on 20 October 2017, subject to the satisfaction or waiver of certain customary conditions.\nThis announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (\"MAR\"). Upon the publication of this announcement, this inside information is now considered to be in the public domain.\nEnquiries:\n\n\n\n\nGlobalData Plc\n\n\n020 79...