Business
Result of Open Offer
Result of Open Offer.
About this update from Haydale Plc
[{"type":"text","content":"\n \n \n \n For immediate release\n \n \n \n \n \n \n \n \n \n HAYDALE GRAPHENE INDUSTRIES PLC\n \n \n \n \n (\"Haydale\" or the \"Company\")\n \n \n \n \n Result of Open Offer\n \n \n \n Haydale (AIM:HAYD), the global advanced materials group, announces that it has received applications in respect of approximately £0.74 million through the Open Offer which was announced on 23 August 2022, representing approximately 146 per cent. of the total amount offered under the Open Offer.\n \n \n Accordingly, the Company has scaled back the excess applications received under the Open Offer, and has therefore raised (conditional only on Admission) total gross proceeds of approximately £5.51 million in aggregate by way of the Placing, the Subscription (which was also announced on 23 August 2022) and the Open Offer.\n \n \n Application has been made to the London Stock Exchange for the admission of a total of 275,516,784 New Ordinary Shares to trading on AIM. This comprises (i) 213,500,000 Placing Shares; (ii) 36,500,000 Subscription Shares and (iii) 25,516,784 Open Offer Shares. The New Ordinary Shares will rank pari passu with the Existing Ordinary Shares. Admission of the Placing Shares, Subscription Shares and Open Offer Shares will occur on 14 September 2022. Following the close of the Open Offer, the Company will issue a total of 137,758,392 Warrants to the subscribers of New Ordinary Shares and a further 1,000,000 Warrants to finnCap.\n \n \n \n \n \n \n Total Voting Rights\n \n \n \n Following admission, the total number of Ordinary Shares in issue with voting rights will be 785,852,475 Ordinary Shares and Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.\n \n \n \n \n \n \n \n \n \n \n \n -Ends-\n \n \n \n \n For further information:\n \n \n \n \n \n \n \n \n Haydale Graphene Industries plc\n \n \n \n \n \n Tel: +44 (0) 1269 842 946\n \n \n \n \n \n \n Keith Broadbent, CEO\n \n \n \n \n \n \n \n \n \n \n \n \n \n Mark Chapman, CFO\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n www.haydale.com\n \n \n \n \n \n \n \n \n \n \n \n finnCap (Nominated Adviser & Bro...