Business
Results of General Meeting and Open Offer & TVR
Results of General Meeting and Open Offer & TVR.
About this update from Ilika Plc
[{"type":"text","content":"\n \n \n RNS Number : 5922H\n Ilika plc\n 25 March 2020\n \n \n \n \n THIS ANNOUNCEMENT 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 \n \n \n \n \n Ilika Plc\n \n \n \n (\"Ilika\" or the \"Company\")\n \n \n \n \n \n \n \n Results of General Meeting and Open Offer\n \n \n and Total Voting Rights\n \n \n \n \n \n On 6 March 2020, Ilika plc (AIM: IKA), \n the advanced solid-state battery company, announced a \n conditional placing (the \"Placing\") raising proceeds of £15.0 million and an associated Open Offer (the \"Open Offer\") to raise up to £2.0 million by way of a Placing of 37,500,000 new Ordinary Shares at an Issue Price of 40 pence per share and an Open Offer of up to 5,000,000 new Ordinary Shares at a price of 40 pence per share.\n \n \n \n \n \n The Company is pleased to announce that at its General Meeting, held earlier today, all of the Resolutions set out in the circular dated 9 March 2020 were duly passed by the requisite majorities\n .\n \n \n \n \n \n Further to this, the Company can now confirm that it will issue, pursuant to the Placing and Open Offer, 37,760,866 New Ordinary Shares at 40 pence per New Ordinary Share, raising approximately £15.1 million in aggregate. The issue of New Ordinary Shares will be split as follows:\n \n \n \n \n \n · \n 37,500,000 shares under the Placing, raising gross proceeds of £15.0 million; and\n \n \n · \n 260,866 shares taken up under the Open Offer, including excess applications, raising gross proceeds of approximately £0.1 million.\n \n \n \n \n \n Accordingly, pursuant to the EIS/VCT Placing, the Company has applied to the London Stock Exchange for 21,399,365 EIS/VCT Placing Shares to be admitted to trading on AIM (\"EIS/VCT Admission\"). It is expected that EIS/VCT Admission will occur at 8.00 a.m. on 26 March 2020. Additionally, pursuant to the\n \n General Placing, the Company has applied to the London Stock Exchange for 16,100,635 General Placing Shares and 260,866 Open Offer Shares to be admitted to tradin...