Business

Result of ABB

Result of ABB.

articleNorman Broadbent PlcSeptember 29, 20175/company/norman-broadbent-plc/news/result-of-abb-2
Result of ABB

About this update from Norman Broadbent Plc

[{"type":"text","content":"\n \nRNS Number : 2681S Norman Broadbent PLC 29 September 2017  \n\nDISSEMINATION OF A REGULATORY ANNOUNCEMENT THAT CONTAINS INSIDE INFORMATION ACCORDING TO REGULATION (EU) NO 596/2014 (MAR).\nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY NEW ORDINARY SHARES OF NORMAN BROADBENT PLC IN ANY JURISIDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL. \n29 September 2017\nNorman Broadbent plc\n(\"Norman Broadbent\" or the \"Company\")\nConfirmation of successful £1.23 million fundraise\nNorman Broadbent (AIM: NBB), a leading provider of Talent Acquisition & Advisory Services, comprising Board & Executive Search, Interim Management, Research & Insight, Leadership Consulting & Assessment, and executive level Recruitment Solutions, is pleased to announce that, following the announcement of earlier today (\"Announcement\"), the Company has raised a total of £1.23 million (before expenses) with new and existing investors through the subscription of 12,252,250 Placing Shares at a price of 10 pence per share.\nThe Placing, which was led by WH Ireland, is subject to the terms and conditions set out in the Appendix to the Announcement made earlier today and conditional, inter alia, on the approval of shareholders at a forthcoming General Meeting, as set out in a Circular which has been posted to shareholders today, which will be convened to seek authority for the Directors to issue and allot the Placing shares otherwise than on a non-pre-emptive basis.\nApplication will be made for admission of the 12,252,250 Placing Shares to trading on AIM and it is expected that Admission will take place at 8.00 a.m. on  18 October 2017.\nFollowing Admission, Norman Broadbent will have 53,885,570 Ordinary Shares in issue and admitted to trading on AIM. The figure, therefore, of 53,885,570 Ordinary Shares may be used by Shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the share capital of Norman Broadbent under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. The Company holds no Ordinary Shares in treasury.  \nMichael Brennan, CEO ...

More updates from Norman Broadbent Plc