Business
Kenmare Resources : US$275 million of equity co...
Kenmare Resources : US$275 million of equity co....
About this update from Kenmare Resources Plc
[{"type":"text","content":"\n Kenmare Resources : US$275 million of equity commitments secured, enabling the Capital Restructuring and Open Offer to proceedNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES OF AMERICA, CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA, HONG KONG OR SWITZERLAND OR ANY JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF APPLICABLE LAW OR REGULATION. This announcement is not an offer of securities for sale, or an offer to buy or subscribe for, directly or indirectly, securities to any person in the United States, Canada, Japan, Australia, South Africa, Hong Kong or Switzerland or any other jurisdiction in which such offer or solicitation is unlawful. This announcement is an advertisement and not a prospectus (or prospectus equivalent document). Any offer to acquire shares pursuant to the Capital Restructuring will be made, and investors should only subscribe for or purchase any shares referred to in this announcement and should make any investment decision, solely on the basis of information contained in the prospectus (the \"Prospectus\") to be published by Kenmare Resources plc (\"Kenmare\" or the \"Company and, together with its subsidiaries, the \"Group\") in connection with the admission of the new ordinary shares in the Company (\"New Ordinary Shares\") to be issued under the Capital Restructuring to listing on the secondary listing segment of the Official List of the Irish Stock Exchange and the premium listing segment of the Official List of the Financial Conduct Authority (\"FCA\") and to trading on the respective main market for listed securities of the Irish Stock Exchange and the London Stock Exchange (the \"Admission\") and in connection with the making of the Open Offer to the public in Ireland and the United Kingdom.30 June, 2016Kenmare Resources plcUS$275 million of equity commitments secured, enabling the Capital Restructuring and Open Offer to proceedHighlightsNew equity commitments of US$275 million have been secured, enabling the Capital Restructuring and Open Offer to proceed. This comprises US$100 million in the Cornerstone Placing, US$145.7 million cash commitments under the Firm Placing, and US$29.3 million under the Lender Underwriting. The Issue Price is US$3.132 per New Ordinary Share, equivalent to US1.566c before the impact of the proposed...