Business
Results of Fundraise
Results of Fundraise.
About this update from Halfords Group Plc
[{"type":"text","content":"\n \n\n\nHalfords Group PLC (HFD)\n\n\n\nHalfords Group PLC: Results of Fundraise02-Dec-2021 / 07:00 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\n \n\nFURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.\n\n \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\n2 December 2021\n\n \n\nHalfords Group PLC\n\n(\"Halfords\" or the \"Company\" and together with its subsidiaries, the \"Group\")\n\n \n\nResults of Fundraise\n\nHalfords, the UK's largest provider of Motoring and Cycling products and services, announces the successful completion of an equity issue of new ordinary shares in the capital of the Company (\"Ordinary Shares\") raising gross proceeds of approximately £63.4 million (the \"Fundraise\"). \n\nThis included a placing of Ordinary Shares (\"Placing Shares\") announced yesterday (the \"Placing\").\n\nThe Placing raised gross proceeds of approximately £62.9 million. A total of 19,652,002 Placing Shares have conditionally been placed by Investec Bank plc (\"Investec\") and Peel Hunt LLP (\"Peel Hunt\") with certain existing and new institutional investors at an issue price of 320 pence per share (the \"Offer Price\").\n\nIn conjunction with the Placing, certain directors of the Company have agreed to subscribe for an aggregate of 39,437 new Ordinary Shares (the \"Management Subscription Shares\"), at the Offer Price, pursuant to subscription letters entered into with the Company (the \"Management Subscription\").\n\nIn addition, retail investors have subscribed via the PrimaryBid platform for a total of 120,665 new Ordinary Shares (the \"Retail Shares\") at the Offer Price (the \"Retail Offer\").\n\nIn aggregate, the Fundraise comprises 19,...