Business
Propose Director Placing
Propose Director Placing.
About this update from Judges Scientific Plc
[{"type":"text","content":"\n \nRNS Number : 1161T Judges Scientific PLC 09 October 2017 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA), AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL (\"RESTRICTED JURISDICTIONS\").\nThis announcement contains inside information for the purposes of the Market Abuse Regulation (EU) No 596/2014 (\"MAR\"). Market soundings, as defined in MAR, were taken in respect of the Placing, with the result that certain persons became aware of inside information, as permitted by MAR. That inside information is set out in this announcement. Therefore, those persons that received inside information during these market soundings are no longer in possession of inside information relating to the Company and its securities and the inside information is now considered to be in the public domain.\nPLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT \n \n \n9 October 2017\n \nJudges Scientific plc\n(\"Judges Scientific\", \"the Company\", or \"the Group\")\n Proposed Director Placing\n Judges Scientific, a group involved in the buy and build of scientific instrument businesses, announces that David Cicurel, CEO of the Group, is proposing to sell ordinary shares in the Company (\"Ordinary Shares\"). This will broaden the shareholder base of the Company and assist the liquidity in the Company's shares.\nDavid Cicurel intends to sell up to 157,727 Ordinary Shares (the \"Placing Shares\") at 1,900 pence per Ordinary Share (the \"Placing\"). The Placing Shares represent approximately 2.6 per cent. of the Company's current issued share capital. Assuming the full amount of Placing Shares are sold, David Cicurel will hold 759,227 Ordinary Shares in aggregate representing approximately 12.4 per cent. of the current issued share capital.\nShore Capital Stockbrokers Limited (\"Shore Capital\") is acting as sole Bookrunner in relation to the Placing.\nDavid Cicurel has committed to entering into a 12 month restriction on the sale of Ordinary Shares (\"Lock-in\"). Under the terms of the Lock-in David Cicurel will enter into an irre...