Business
Proposed Placing & Open Offer
Proposed Placing & Open Offer.
About this update from Ilika Plc
[{"type":"text","content":"\n \n \n RNS Number : 3215F\n Ilika plc\n 06 March 2020\n \n \n \n THIS ANNOUNCEMENT (INCLUDING THE APPENDIX) AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\n \n THIS ANNOUNCEMENT IS NOT AN OFFER FOR SALE OR SUBSCRIPTION IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION. THIS ANNOUNCEMENT IS NOT AN OFFER OF OR SOLICITATION TO PURCHASE OR SUBSCRIBE FOR SECURITIES IN THE UNITED STATES.\n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\n For immediate release\n 6 March 2020\n Ilika plc\n Proposed Placing to raise up to approximately £15.0 million\nand\nOpen Offer to raise up to approximately £2.0 million\n \n Introduction\n \n \n Ilika plc (AIM: IKA), the advanced solid-state battery company (\"Ilika\", the \"Company\" or, together with its subsidiary undertakings, the \"Group\"), today announces a placing of new ordinary shares of one penny each (\"Ordinary Shares\") in the capital of the Company (the \"Placing Shares\") at a price of 40 pence per Placing Share (the \"Issue Price\") to raise gross proceeds of up to approximately £15.0 million (the \"Placing\").\n \n \n The Placing Shares represent approximately 37.2 per cent. of the existing issued ordinary share capital of the Company and the Issue Price represents a discount of approximately 10.1 per cent. to the closing mid-market price of 44.5 pence per Existing Ordinary Share on 5 March 2020, being the latest practicable date prior to the publication of this Announcement.\n \n \n Ilika also intends to raise up to approximately £2.0 million through the issue of 5,000,000 new Ordinary Shares (the \"Open Offer Shares\") pursuant to an open offer (the \"Open Offer\") to allow Ilika shareholders, including those who are not participating in the Placing, to subscribe for new Ordinary Shares at the Issue Price.\n \n Liberum Capital Limited (\"Liberum\") is acting as sole bookrunner in connection with the Placing. The Placing Shares are being offered by way of an accelerated bookbuild (the \"Bookbui...