Business
Proposed Accelerated Bookbuild to raise £6 million
Proposed Accelerated Bookbuild to raise £6 million.
About this update from Haydale Plc
[{"type":"text","content":"\n \nRNS Number : 1347T Haydale Graphene Industries PLC 10 October 2017 \n\nTHIS ANNOUNCEMENT, AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES OF AMERICA, CANADA, THE REPUBLIC OF SOUTH AFRICA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE IN THE APPENDIX TO THIS ANNOUNCEMENT.\nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN HAYDALE GRAPHENE INDUSTRIES PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION SHALL FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH, ANY INVESTMENT DECISION IN RESPECT OF HAYDALE GRAPHENE INDUSTRIES PLC. \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (\"MAR\"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION, AS PERMITTED BY MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION. \n \n10 October 2017\n \nHAYDALE GRAPHENE INDUSTRIES PLC\n (\"Haydale\" or the \"Company\")\n \nProposed £6 million placing by way of an accelerated bookbuild (\"Placing\") \nProposed subscriptions by certain Directors (\"Subscription\") \nand \nProposed offer to raise up to £3.0 million (\"Offer\")\n(the Placing, Subscription and Offer together the \"Fundraising\")\n \n \nFundraising highlights\n \n· Haydale intends to raise £6 million before expenses through a Placing arranged by Arden Partners plc (\"Arden\") of 5,000,000 new Ordinary Shares (\"Placing Shares\") at a price of not less than 120 pence per share (such ultimate price, to be determined by Arden in the bookbuilding process, being the \"Issue Price\") with new and existing shareholders.\n· &n...