Business
Completion of Placing
Completion of Placing.
About this update from Nanoco Group Plc
[{"type":"text","content":"\n \nRNS Number : 5821Q Nanoco Group PLC 15 October 2013 \n\n15 October 2013\n \nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, NEW ZEALAND, JAPAN, THE REPUBLIC OF IRELAND OR SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL \n \nNanoco Group plc\n \nCompletion of Placing\n \nIntroduction\n \nPursuant to the announcement earlier today, Nanoco Group plc (AIM: NANO) (\"Nanoco\", the \"Company\" or the \"Group\") is pleased to announce that it has successfully placed a total of 6,369,427 new ordinary shares of 10 pence each (the \"Placing\") at a price of 157 pence per share on a non pre-emptive basis raising total gross proceeds of approximately £10 million. Application has been made for the Placing shares to be admitted to trading on AIM and it is expected that the admission will take place at 8:00 a.m. on 21 October 2013 (\"Admission\").\n \nFurther details of the Placing are set out in the announcement released earlier today.\n \nCanaccord Genuity Limited (\"Canaccord\") and Liberum Capital Limited (\"Liberum\") acted as Joint Bookrunners in relation to the Placing. \n \nFollowing Admission, it is expected that Nanoco will have 216,530,436 Ordinary Shares in issue. The Company holds 12,222 Ordinary Shares in treasury; therefore the total number of voting rights in the Company is 216,518,214. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA Disclosure and Transparency Rules.\n \nCommenting on the completion of the Placing, Nanoco Group plc Chief Executive Officer Michael Edelman said: \n \n\"We are delighted by the support from new and existing institutional investors in this Placing and I would particularly like to welcome new investors to our shareholder register. We will remain focused on careful cash control as we deploy the proceeds of this fundraising to accelerate the commercialisation of our technology.\"\n \n\n\n \nFor further information\n\n\n\n\nNanoco\n\n\n+ 44 (0) 161 603 7900\n...