Business
Result of Rump Placing
Result of Rump Placing.
About this update from Mirriad Advertising Plc
[{"type":"text","content":"\n \nRNS Number : 4558H Mirriad Advertising PLC 31 July 2019 \n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\n \nMirriad Advertising plc\nResult of RUMP PLACING\n31 July 2019\n \nMirriad Advertising plc\n \n\nResult of Rump Placing\n\n \nFollowing the announcement earlier today regarding valid acceptances and excess applications from Qualifying Shareholders received under the Open Offer announced by Mirriad Advertising plc (\"Mirriad\" or the \"Company\") on 5 July 2019, the Company confirms that Numis and Baden Hill have procured subscribers for 5,339,713 New Ordinary Shares of £0.00001 pence each for which valid acceptances were not received at a price of 15 pence per share, raising additional net proceeds of approximately £0.76m for the Company.\nApplications have been made to the London Stock Exchange for 107,985,533 New Ordinary Shares to be admitted to trading on AIM. This comprises (1) 26,666,666 EIS Placing Shares which are expected to be admitted to trading at 8.00 a.m. on 1 August 2019; (2) 75,979,154 General Placing Shares and Open Offer Shares applied for which are expected to be admitted to trading at 8.00 a.m. on 2 August 2019; and (3) 5,339,713 New Ordinary Shares placed with investors through the Rump Placing (\"Rump Placing Shares\") which are also expected to be admitted to trading at 8.00 a.m. on 2 August 2019. The New Ordinary Shares will rank pari passu with the existing Ordinary Shares.\nFollowing the allotment of the New Ordinary Shares to reflect both the receipt of valid acceptances under the Open Offer and the shares for which the Joint Brokers have procured subscribers, the Company's issued share capital will consist of 213,108,250 ordinary shares of £0.00001 each. The Company does not hold any shares in treasury. Therefore, as at 31 July 2019, the total number of voting rights in the Company is 213,108,250. This figure may be used by Shareholder...