Business
Result of ABB
Result of ABB.
About this update from Image Scan Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 9374U Image Scan Holdings PLC 17 July 2018 \n\nTHIS 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, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND, NEW ZEALAND OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN IMAGE SCAN HOLDINGS PLC OR ANY OTHER ENTITY IN ANY JURISDICTION.\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION (EU) 596/2014 (MAR). ON PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \nImage Scan Holdings plc\n(\"Image Scan\" or the \"Company\")\n \nResult of Placing\nand Posting of Circular\n \nImage Scan Holdings plc (AIM: IGE), specialists in the field of X-ray imaging for the security and industrial inspection markets, is pleased to announce the result of the bookbuild announced earlier today.\n \nA total of 25,000,000 new Ordinary Shares in the Company have been conditionally placed at a price of 4 pence per new Ordinary Share (the \"Placing Price\") raising proceeds of approximately £1.0 million (before expenses) together with a subscription by Spring Ventures Group Investments Limited of 6,250,000 new Ordinary Shares at the Placing Price raising proceeds of £0.25 million to partially fund the acquisition of Todd Research Limited. The Placing Price represents a 27.3 per cent. discount to the closing price to the closing price on 16 July 2018 (being the day prior to this announcement). \n \nThe Placing is conditional, amongst other things, upon the passing of the Resolutions. The Placing and Subscription Shares will be issued free of all liens, charges and encumbrances and will, when issued and fully paid, rank pari passu in all respects with the Existing Ordinary Shares, including the right to receive all dividends and other distributions declared, made or paid after the date of their issue.\n \nDirectors' Deali...