Business
Results of the Placing
Results of the Placing.
About this update from Hays Plc
[{"type":"text","content":"\n \n \n RNS Number : 6205I\n Hays PLC\n 02 April 2020\n \n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN HEREIN, 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 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 Results of the Placing \n \n \n \n \n \n Hays plc (\"Hays\" or the \"Company\") announces the successful completion of the non-pre-emptive placing of ordinary shares in the capital of the Company announced earlier today (the \"Placing\"). \n \n \n A total of 210,421,053 new ordinary shares in the capital of the Company (the \"Placing Shares\") have been placed by BofA Securities, Jefferies International Limited (\"Jefferies\") and UBS AG London Branch (\"UBS\", and together with BofA Securities and Jefferies, the \"Joint Global Co-ordinators\"), at a price of 95.0 pence per Placing Share (the \"Placing Price\"). \n \n \n Together, the Placing and Subscription (as each term is defined below) of \n 210,526,317 new ordinary shares raised gross proceeds of approximately £200 million. The Placing Price of 95.0 pence represents a discount of 13.2 per cent to the closing share price of 109.4 pence on 1 April 2020 and a discount of 3.6 per cent to the middle market price at the time at which the Company and the Joint Global Co-ordinators agreed the Placing Price. The Placing Shares and Subscription Shares (defined below) being issued represent together approximately 14.3 per cent of the existing issued ordinary share capital of Hays prior to the Placing.\n \n \n Applications have been made to the Financial Conduct Authority (the \"FCA\") and the London Stock Exchange plc (the \"LSE\") respectively for the admission of the Placing Shares and the Subscription Shares to the premium listing segment of the Official List of the FCA and to trading on the main market for listed sec...