Business
Launch of placing & convertible bond tap issuance
Launch of placing & convertible bond tap issuance.
About this update from Helios Towers Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0021C\n Helios Towers PLC\n 15 June 2021\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 \n \n FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\n \n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.\n \n \n \n \n \n \n \n \n 15 June 2021\n \n \n \n \n \n Helios Towers plc\n \n \n \n \n \n \n \n \n PROPOSED PLACING OF NEW ORDINARY SHARES, RETAIL OFFER AND CONCURRENT TAP ISSUANCE OF EXISTING CONVERTIBLE BONDS\n \n \n \n \n \n \n \n \n \n \n \n Helios Towers plc (\"Helios Towers\" or the \"Company\" or, together with its subsidiaries, the \"Group\"), today announces its intention to raise gross proceeds of approximately US$100 million through a non-pre-emptive placing of new ordinary shares of one penny each (the \"Placing Shares\")(the \"Placing\"). \n \n \n \n \n \n In conjunction with the Placing, there will be an offer made by the Company on the PrimaryBid platform of new ordinary shares of one penny each in the capital of the Company (the \"Retail Offer Shares\") at the Placing Price (as defined below) (the \"Retail Offer\"), to provide certain retail investors with an opportunity to participate in the Capital Raise (as defined below). A separate announcement will be made shortly regarding the Retail Offer and its terms.\n \n \n \n \n \n The Placing Shares and the Retail Offer Shares will represent less than 10% of the current issued share capital of the Company and the Company intends to raise gross proceeds of approximately US$100 million through the Placing and Retail Offer.\n \n \n \n \n \n Concurrently with the Placing and Retail Offer, HTA Group, Ltd (the \"Bond Issuer\"), a wholly owned subsidiary of the Company, is also launching a tap issuance of approximately US$50 million of its existing senior unsecured guarant...