Business
Proposed Placing of Ordinary Shares
Proposed Placing of Ordinary Shares.
About this update from Hays Plc
[{"type":"text","content":"\n \n \n RNS Number : 5494I\n Hays PLC\n 02 April 2020\n \n \n \n \n THIS ANNOUNCEMENT, INCLUDING THE APPENDICES AND THE INFORMATION CONTAINED IN THEM, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR FORWARDING, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.\n \n \n \n FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.\n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.\n \n \n LEI: 213800QC8AWD4BO8TH08\n \n \n For immediate release\n \n \n 2 April 2020\n \n \n Hays plc (\"Hays\" or \"the Company\")\n \n \n \n \n \n Proposed Placing of Ordinary Shares\n \n \n \n \n \n Hays plc (\"Hays\" or the \"Company\"), the global provider of professional and skilled recruitment services, today announces its intention to conduct a non-pre-emptive placing of new ordinary shares (the \"Placing Shares\") of 1\n \n pence each in the capital of the Company (the \"Placing\"). In addition, in conjunction with the Placing, certain directors of the Company intend to subscribe (the \"Subscription\") for new ordinary shares in the capital of the Company (the \"Subscription Shares\") at the Placing Price (as defined below) and in aggregate to contribute £100k. The total value of proceeds the Company intends to raise by means of the Placing and Subscription is approximately £200 million. \n \n \n The Placing will be conducted through an accelerated bookbuilding process (the \"Bookbuild\") which will be launched immediately following this announcement and is subject to the terms and conditions set out in the Appendix to this announcement (such announcement and its Appendices together being this \"Announcement\"). The Subscription Shares will be subscribed for on the basis agreed with the Company, rather than pursuant to the terms and conditions of the Placing contained in Appendix 1 to this Announcement.\n \n \n Update on current trading, outlook and financial position\n \n \n Hays has separately today provided an update outlining the Company's current trading in light of the rapidly-developing Covid19 situation, its financial position and its strategy and outlook (...