Business
Proposed Fundraise to raise up to c.£64 millio...
Proposed Fundraise to raise up to c.£64 millio....
About this update from Halfords Group Plc
[{"type":"text","content":"\n \n\n\nHalfords Group PLC (HFD)\n\n\n\nHalfords Group PLC: Proposed Fundraise to raise up to c.£64 million to part fund the Acquisition of National01-Dec-2021 / 16:36 GMT/BSTDissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.The issuer is solely responsible for the content of this announcement.\n\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. \n\nFURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.\n\nThis announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018\n\n \n\n1 December 2021\n\n \n\nHalfords Group PLC\n\n(\"Halfords\" or the \"Company\" and together with its subsidiaries, the \"Group\")\n\n \n\nProposed Fundraise to raise up to c.£64 million to part fund the Acquisition of National\n\n \n\nHalfords, the UK's largest provider of Motoring and Cycling products and services, today announces its intention to conduct a placing of new ordinary shares of one penny each in the capital of the Company (\"Ordinary Shares\") (the \"Placing Shares\") (the \"Placing\").\n\nIn conjunction with the Placing, certain directors of the Company also intend to subscribe for new Ordinary Shares in the Company (the \"Management Subscription Shares\") at the Offer Price (as defined below) (the \"Management Subscription\"). The total contributed by directors of the Company (the \"Directors\") in the Management Subscription is expected to be £125k.\n\nIn addition to the Placing and the Management Subscription, there will be an offer made by the Company on the PrimaryBid platform of new Ordinary Shares (the \"Retail Shares\") at the Offer Price (the \"Retail Offer\"), to provide retail investors with an opportunity to participate in the equity fundraise. A separate announcement will be made regarding the Retail Offer and its terms.\n\nIt is intended that the Placing, Management Subscription and Retail Offer (together, the ...