Business
Result of Equity Issue
Result of Equity Issue.
About this update from Next 15 Group Plc
[{"type":"text","content":"\n \n \n Result of Equity Issue\n \n \n\n \n Next Fifteen Communications Plc\n \n \n\n \n \n \n THIS ENTIRE ANNOUNCEMENT, INCLUDING THE INFORMATION CONTAINED HEREIN, \n IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, \n IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, \n CANADA, JAPAN, OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION \n IN WHICH IT WOULD BE UNLAWFUL TO DO SO.\n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE \n MARKET ABUSE REGULATION (EU) NO.596/2014\n \n \n Next Fifteen Communications Group Plc\n \n \n (\"Next 15\" or the \"Company\")\n \n \n Result of Placing \n \n \n Next 15, the digital communications group, is pleased to announce the \n successful completion of the placing announced on 1 November 2018 (the \n \"Placing\").\n \n \n A total of 4,210,526 new Ordinary Shares in the Company of 2.5 pence \n each (the \"Placing Shares\") have been placed by Numis at a price of 475 \n pence per Placing Share (the \"Placing Price\") via an accelerated \n bookbuild, raising proceeds of £20 million (before expenses).\n \n \n The Placing Shares issued represent approximately 5.3 per cent. of the \n issued Ordinary Share capital of the Company prior to the Placing. The \n Placing Price represents a discount of approximately 2.2 per cent. to \n the closing price of 485.5 pence per Ordinary Share on 1 November 2018.\n \n \n In relation to the above, an application has been made to the London \n Stock Exchange for the Placing Shares, which will, when issued, rank \n pari passu with the existing Ordinary Shares, to be admitted to trading \n on AIM on or around 6 November 2018.\n \n \n In accordance with the FCA's Disclosure Guidance and Transparency Rules, \n following this issue, the Company's issued share capital will comprise \n of 83,287,802 Ordinary Shares. The Company does not hold any Ordinary \n Shares in treasury.\n \n \n The figure of 83,287,802 Ordinary Shares should be used by shareholders \n as the denominator for the calculations by which they will determine if \n they are required to notify their interest in, or a change to their \n interest in, the Company under the FCA's Disclosure Guidance and \n Transparency Rules.\n \n \n For further information please contact;\n \n \n Next Fifteen Communications Group plcTi...