Business
Results of Placing
Results of Placing.
About this update from Mortgage Advice Bureau (holdings) Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3639G\n Mortgage Advice Bureau(Holdings)PLC\n 29 March 2022\n \n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED THEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE, DISTRIBUTION OR FORWARDING, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL. \n \n \n \n \n \n FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER OF SECURITIES IN ANY JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\n \n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION. FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED (\"MAR\"). \n \n \n \n \n \n 29 March 2022\n \n \n Mortgage Advice Bureau (Holdings) plc\n \n \n Results of Placing\n \n \n Mortgage Advice Bureau (Holdings) plc (\"MAB\" or the \"Company\"), one of the UK's leading consumer intermediary brands and specialist Appointed Representative networks, is pleased to announce the successful completion of the equity placing announced yesterday afternoon (the \"Placing\") (the \"Placing Announcement\"), with strong support from existing shareholders.\n \n \n A total of 3,809,524 new ordinary shares in the capital of the Company of 0.1 pence each (the \"Placing Shares\") have been placed by Numis Securities Limited (\"Numis\") at a price of 1,050 pence per Placing Share (the \"Placing Price\"), raising gross proceeds of approximately £40 million (before expenses). The proceeds from the Placing will be used to part-fund the acquisition and associated costs of The Fluent Money Group Limited (\"Fluent\"), as announced by the Company yesterday (the \"Acquisition\"). Details of the Acquisition are contained in a separate announcement released by the Company yesterday which should be read in conjunction with this announcement (the \"Acquisition Announcement\"). \n \n \n Terms defined in the Placing Announcement and the Acquisition Announcement have the same meanings in this announcement (the \"Announcement\") unless the context provides otherwise.\n \n \n The Placing Shares represent ap...