Business
Posting of Open Offer Circular
Posting of Open Offer Circular.
About this update from Ilika Plc
[{"type":"text","content":"\n \nRNS Number : 3695U Ilika plc 11 July 2018 \n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.\nThis announcement does not constitute a prospectus or offering memorandum or an offer in respect of any securities and is not intended to provide the basis for any investment decision in respect of Ilika Plc or other evaluation of any securities of Ilika Plc or any other entity and should not be considered as a recommendation that any investor should subscribe for or purchase any such securities.\nIlika Plc\n(\"Ilika\", the \"Company\" or the \"Group\")\nPosting of Open Offer Circular\nIlika plc, the advanced solid-state battery technology and materials innovation company (\"Ilika\", the \"Company\" or, together with its subsidiary undertakings, the \"Group\"), is pleased to announce that, further to its announcement earlier today, it has today posted a circular (the \"Circular\") to Qualifying Shareholders regarding an Open Offer of approximately £1.0 million. \nAll capitalised terms in this announcement have the same meanings as those given to them in the Circular, unless the context otherwise requires.\nThe Open Offer is being made to Qualifying Shareholders on the register as at the Record Date, being close of business on 10 July 2018, for up to 5,058,240 Open Offer Shares at 20 pence per Open Offer Share (being the same price as the Issue Price for the Placing) on the basis of:\n2 Open Offer Shares for every 31 Existing Ordinary Shares\nQualifying Shareholders are also being given the opportunity, provided that they take up their Open Offer Entitlements in full, to apply for additional Open Offer Shares through an Excess Application Facility.\nFull details of the Open Offer, including terms and conditions and details on how to accept the Open Offer, are set out in the Circular, which will be posted to Qualifying Shareholders today.\nApplication has been made for the Open Offer Shares to be admitted to trading on the AIM Market of the London Stock Exchange (\"Admission\"), and it is expected that Admission will become effective and that dealings will commence...