Business
Timetable for Proposed Placing and Open Offer
Timetable for Proposed Placing and Open Offer.
About this update from Itm Power Plc
[{"type":"text","content":"\n \nRNS Number : 2842S ITM Power PLC 29 September 2017 \n\nNOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, JERSEY OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.\n \n29 September 2017\nITM POWER PLC\n \nTIMETABLE FOR PROPOSED PLACING OF NEW ORDINARY SHARES TO RAISE £25 MILLION AND PROPOSED OPEN OFFER TO RAISE UP TO £4.4 MILLION\n \nFurther to the announcement this morning by ITM Power plc (AIM: ITM) (ITM Power or the Company) in respect of the Company's proposed placing and open offer of new ordinary shares (the Initial Announcement), the expected timetable of principal events is as follows (and terms defined in the Initial Announcement shall apply throughout this announcement unless the context otherwise requires):\n\n\n\n\nRecord Date for entitlement to participate in the Open Offer\n\n\n5.00 p.m. on 27 September 2017\n\n\n\n\nAnnouncement of the Firm Placing and the Open Offer\n \n\n\n29 September 2017\n\n\n\n\nDispatch of the Circular, the Form of Proxy and, to certain Qualifying Non-CREST Shareholders, the Application Form\n\n\n2 October 2017\n\n\n\n\n \nExpected ex-entitlement date for the Open Offer\n\n\n8.00 a.m. on 2 October 2017\n\n\n\n\nBasic Entitlements and Excess CREST Open Offer Entitlements credited to CREST stock accounts of Qualifying CREST Shareholders\n\n\n3 October 2017\n\n\n\n\nRecommended latest time and date for requesting withdrawal of Basic Entitlements and Excess CREST Open Offer Entitlements from CREST\n\n\n4.30 p.m. on 11 October 2017\n\n\n\n\nLatest time for depositing Basic Entitlements and Excess CREST Open Offer Entitlements into CREST\n\n\n3.00 p.m. on 12 October 2017\n\n\n\n\nLatest time and date for splitting Application Forms (to satisfy\nbona fide market claims only)\n\n\n3.00 p.m. on 13 October 2017\n\n\n\n\nLatest time and date for receipt of Forms of Proxy for the General Meeting\n\n\n11.15 a.m. on 16 October 2017\n\n\n\n\nLatest time and date for receipt of completed Application\nForms and payment in full under the Open Offer or settlement\nof relevant CREST instruction (as appropriate)\n\n\n11.00 a.m. on 17 October 2017\n\n\n\n\nGeneral Meeting\n\n\n11.15 a.m. on 18 October 2017\n\n\n\n\nResult...