Business
Results of the Placing
Results of the Placing.
About this update from J D Wetherspoon Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2365M\n Wetherspoon (JD) PLC\n 20 January 2021\n \n \n \n \n THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR FORWARDING, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL. \n \n \n \n FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.\n \n \n PLEASE SEE THE IMPORTANT NOTICE AT THE OF THIS ANNOUNCEMENT.\n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.\n \n \n LEI: 213800CHWARFAAN7UB85\n \n \n For immediate release\n \n \n 20 January\n 2021\n \n \n J D Wetherspoon PLC\n \n \n (\"J D Wetherspoon\" or the \"company\") \n \n \n \n \n \n Results of the Placing\n \n \n J D Wetherspoon (LSE: JDW) is pleased to announce the successful completion of the placing of new ordinary shares in the capital of the company announced yesterday (the \"placing\").\n \n \n A total of \n 8,370,000\n \n new ordinary shares in the capital of the company (the \"placing shares\"), have been placed by Investec Bank plc (\"Investec\") at a price of 1,120p per share (the \"placing price\"). \n \n \n The placing has raised gross proceeds of approximately £93.7m for the company. The placing price of 1,120p represents a discount of 5.3 per cent. to the mid-market closing price of 1,183p on 19 January 2021 (being the latest practicable date prior the date of this announcement). The placing shares represent 6.95 per cent. of the existing issued share capital of the company. The placing was implemented on a non-pre-emptive basis. \n \n \n Applications have been made to the Financial Conduct Authority (\"FCA\") and the London Stock Exchange (the \"LSE\") respectively for the admission of the placing shares to the premium segment of the Official List of the FCA and to trading on the main market for listed securities of the LSE (together, \"admission\"). It is expected that admission will take place at 8.00 a.m. on 22 January 2021. The placing shares, when issued, will be fully paid and will rank, pari passu, in all respects with each other and with the existing ordinary shares of the company, including, without limitation, the righ...