Business
Result of Placing
Result of Placing.
About this update from Image Scan Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 7261E Image Scan Holdings PLC 10 May 2017 \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\nImage Scan Holdings plc(\"Image Scan\" or the \"Company\")\nResult of Placing\nOther than where defined, capitalised terms used in this announcement have the meanings given to them in the announcement released by the Company this morning at 7:00 a.m. (the \"Placing Announcement\").\nResult of Placing\nPursuant to the Placing Announcement, the Company is pleased to announce that Cantor Fitzgerald Europe has successfully placed 9,500,000 new Ordinary Shares on behalf of the Company (the \"Placing Shares\") in the Company at a price of 5.25 pence per share, with new and existing institutional investors, as well by way of the subscription of 500,000 new Ordinary Shares at the Placing Price (the \"Subscription Shares\") by Mr William Mawer, Chairman and Chief Executive Officer of the Company (the \"Subscription\"). Pursuant to the Placing and Subscription, the Company has raised gross proceeds of approximately £525,000. The Placing Price represents a discount of approximately 6.7 per cent. to the price of 5.625 pence per existing Ordinary Share, being the closing price at the preceding business days prior to this announcement.\nCantor Fitzgerald Europe acted as sole bookrunner and nominated adviser to the Company in connection with the Placing. The Placing is not underwritten.\nFollowing this transaction Bill Mawer holds 5,204,682 Ordinary Shares, representing approximately 3.8% of the enlarged total issued share capital and voting rights of the company.\nPursuant to the Placing and Subscription, application has been made for Admission. ...