Business
Results of Firm Placing, Open Offer and GM
Results of Firm Placing, Open Offer and GM.
About this update from Kromek Group Plc
[{"type":"text","content":"\n \nRNS Number : 6249W Kromek Group PLC 10 February 2017 \n\n10 February 2017\n \nKromek Group plc\n(\"Kromek\" or the \"Company\" or the \"Group\")\n \nResults of Firm Placing and Open Offer\nand Result of General Meeting\n \nOn 25 January 2017, Kromek, a radiation detection technology company focusing on the medical, security and nuclear markets, announced a conditional Firm Placing to raise £20 million and an Open Offer to raise up to an additional £1 million.\n \nThe Company is pleased to announce that at its General Meeting held today, all of the resolutions as set out in the Circular dated 25 January 2017 were duly passed.\n \nThe Company is also pleased to announce the results of the Open Offer, which closed for acceptances at 11:00 a.m. on 9 February 2017. Valid acceptances have been received in respect of 13,109,095 new ordinary shares of 1 pence each (the \"Ordinary Shares\"), representing a percentage take up of 256 per cent of those Ordinary Shares available under the Open Offer. Qualifying Shareholders who have applied for Offer Shares will receive their full Open Offer entitlement. Shareholders that made an application under the excess application facility will receive approximately 26.4 per cent of the excess new Ordinary Shares they applied for.\n \nAs set out in the Circular dated 25 January 2017, certain Directors of the Company indicated that they were to apply for new Ordinary Shares under the Open Offer. In line with all existing shareholders, these Directors will receive their Open Offer entitlement and 26.4 per cent of the Ordinary Shares they applied for under the excess application. The number of Ordinary Shares purchased under the Open Offer and the Directors' resultant holdings are therefore as follows:\n \n\n\n\n\nName\n\n\nTitle\n\n\nNo. of Ordinary Shares held prior to the Firm Placing and Open Offer\n\n\nNo. of Ordinary Shares subscribed for under the Open Offer*\n\n\nNo. of Ordinary Shares held following the Firm Placing and Open Offer*\n\n\n% of the issued share capital of the Company as enlarged by the Firm Placing and Open Offer*\n\n\n\n\nSir Peter Williams\n\n\nChairman\n\n\n30,000\n\n\n13,932\n\n\n43,932 \n\n\n0.1\n\n\n\n\nDerek Bulmer\n\n\nFinance Director\n\n\n40,000\n\n\n16,817\n\n\n56,817\n\n\n0.1\n\n\n\n\nJerel Whittingham\n\n\nNon-Ex...