Business
Results of placing
Results of placing.
About this update from Nanoco Group Plc
[{"type":"text","content":"\n \nRNS Number : 7486S Nanoco Group PLC 05 October 2017 \n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\nTHIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION\nThis announcement contains inside information as defined in EU Regulation No. 596/2014 and is in accordance with the Company's obligations under Article 17 of that Regulation.\n \n \nNanoco Group PLC\n \nResults of placing of new ordinary shares in Nanoco\n \nFollowing the announcement made at 4.40 p.m. on 4 October 2017 in respect of the proposed £8.6 million fundraising (the \"Fundraising Announcement\"), the Board of Nanoco Group PLC (\"Nanoco\" or the \"Company\" or, together with its subsidiaries, the \"Group\") is pleased to announce that the Company has successfully placed 22,546,405 new Ordinary Shares at a price of 18 pence per share to institutional investors pursuant to the Placing. As such, Lombard Odier's subscription has been scaled back to 23,827,911 new Ordinary Shares. The final Director and Senior Management Subscription was for 1,281,505 new Ordinary Shares, as stated in the Fundraising Announcement. \nThe Placing Shares represent 10.0 per cent of the existing Ordinary Share capital of the Company (including treasury shares) and the Fundraising Shares (in aggregate, including the Placing Shares) represent 19.999 per cent of the existing Ordinary Share capital of the Company (including treasury shares).\nThe Fundraising Shares will, when issued, be credited as fully paid and will rank in full for all dividends and other distributions declared, made or paid after the date of issue and otherwise pari passu in all respects with the existing Ordinary Shares.\nThe Placing was conducted through an accelerated bookbuild. Peel Hunt acted as Sole Bookrunner. \nAs set out in the Fundraising Announcement, the Fundraising is conditional upon, among other things, the UKLA approving the Circular to be published in connection with the Fundraising, as well as shareholder approval for various...