Business
Result of secondary placing of existing shares
Result of secondary placing of existing shares.
About this update from Mortgage Advice Bureau (holdings) Plc
[{"type":"text","content":"\n \nRNS Number : 5050W Mortgage Advice Bureau(Holdings)PLC 27 April 2016 \n\nMortgage Advice Bureau (Holdings) plc\n(\"MAB\" or the \"Company\")\n \nNot for publication, distribution or release directly or indirectly, in whole or in part, into or in the United States (including its territories and possessions, any state of the United States and the District of Columbia) (the \"United States\"), Australia, Canada, Japan, the Republic of South Africa or any other jurisdiction in which offers for sale would be prohibited by applicable law.\n \nThis announcement is not an offer to sell or a solicitation to buy securities in any jurisdiction, including the United States, Australia, Canada, Japan or the Republic of South Africa. Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction.\n \n27 April 2016 \n \nResult of secondary placing of existing ordinary shares in MAB\n \nOn 27 April 2016, MAB announced that it had been advised by certain individual shareholders (and some of their respective spouses and SIPPs) of the Company (the \"Selling Shareholders\"), including certain board directors of the Company, of their intention to sell up to 7,569,240 ordinary shares in the Company (the \"Placing Shares\") via an accelerated bookbuild to institutional investors (the \"Placing\"). \n \nMAB announces that the Selling Shareholders have subsequently sold 7,569,240 ordinary shares in the Company, representing approximately 15.0% per cent of the Company's issued share capital. The Placing Shares were placed at a price of 360 pence per share and were sold to institutional investors in a placing managed by Canaccord Genuity Limited and Zeus Capital Limited.\n \nDetails of the number of Placing Shares sold by the Selling Shareholders are as follows:\n \n \n\n\n\n\n \n\n\nShareholding pre-placing(1)\n\n\nNumber of Placing Shares sold\n\n\nResultant holding(1)\n\n\n\n\nSelling shareholder\n\n\nNumber of ordinary shares\n\n\nPercentage of issued share capital\n\n\n \n\n\nNumber of ordinary shares\n\n\nPercentage of issued share capital\n\n\n\n\nPeter Brodnicki(2)\n\n\n18,126,400\n\n\n35.92\n\n\n4,015,490\n\n\n14,110,910\n\n\n27.96\n\n\n\n\nDavid Preece(3)\n\n\n2,574,8...