Business
Placing of New Ordinary Shares
Placing of New Ordinary Shares.
About this update from Nahl Group Plc
[{"type":"text","content":"\n \nRNS Number : 8816B NAHL Group PLC 12 October 2015 \n \n\nTHIS ANNOUNCEMENT, INCLUDING THE APPENDIX AND THE INFORMATION IN IT, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND JAPAN OR NEW ZEALAND OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER OR AN INVITATION TO ACQUIRE OR DISPOSE OF ANY SECURITIES. \n \n12 October 2015\n \nNAHL Group Plc\n(\"NAHL\" or \"the Group\")\n \nPlacing of 4,115,000 new ordinary shares in NAHL at 355 pence per share to raise a total of c. £14.6 million\n \nThe Board of NAHL announces today a placing of 4,115,000 new ordinary shares in NAHL at 355 pence per share to raise a total of c £14.2 million net of expenses (\"the Placing\"). \n \nThe shares being issued pursuant to the Placing (the \"Placing Shares\") represent approximately 10 per cent. of the existing share capital of NAHL. The Placing Price of 355 pence per share represents a 6.6 per cent. discount to the closing mid-market price of a 380.1 pence per ordinary share on 9 October 2015, being the latest practicable date prior to the publication of this Announcement.\n \nAll net proceeds from the Placing, will be used to part fund the total cash consideration for the acquisition of Bush & Company Rehabilitation Ltd, which has been announced separately today (\"the Acquisition\").\n \nThe Placing has been fully underwritten by Investec Bank plc (\"Investec\") pursuant to the terms of an agreement entered into by NAHL and Investec today (the \"Placing Agreement\"), and is conditional on, inter alia, admission of the Placing Shares to trading on AIM (\"Admission\") and the Placing Agreement between the Company and Investec not being terminated, in accordance with its terms.\n \nApplication has been made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM. Admission is expected to become effective on 14 October 2015 and dealings in the Placing Shares will commence at that time. Following admission to trading of the Placing Shares, NA...