Business
Subscription
Subscription.
About this update from Norman Broadbent Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6619U\n Norman Broadbent PLC\n 06 December 2021\n \n \n \n \n This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended (\"MAR\"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n \n \n 6th December 2021\n \n \n Norman Broadbent plc\n \n \n (\"Norman Broadbent\", \"NBB\" or the \"Group\")\n \n \n Subscription\n \n \n The board of Norman Broadbent (AIM: NBB) (the \"Board\"), a leading London quoted Professional Services firm offering a diversified portfolio of integrated Leadership Acquisition & Advisory Services, announces that it has raised £75,347 before expenses by way of a subscription of 1,116,252 ordinary shares (\"Ordinary Shares\") at 6.75 pence per Ordinary Share (the \"Issue Price\") (\"the Subscription Shares\") (the \"Subscription\").\n \n \n The Issue Price represents a premium of approximately 12.5 per cent to the closing mid-market price of NBB's existing Ordinary Shares on 3rd December 2021 (being the last business day prior to this Announcement).\n \n \n The Subscription is not being underwritten and is conditional on admission of the Subscription Shares to trading on AIM. The Subscription is being conducted pursuant to the existing authorities granted to the Directors of the Company at its annual general meeting on 25 June 2021. The Subscription Shares represent approximately 1.8\n \n per cent. of the Company's issued share capital as enlarged by the Subscription Shares.\n \n \n Application has been made to the London Stock Exchange for the Subscription Shares to be admitted to trading on AIM (\"Admission\") and it is expected that such Admission will occur at 8.00 a.m. 7th December\n 2021. The Subscription Shares will be issued credited as fully paid and will rank in full for all dividends and other distributions declared, made or paid after the admission of the Subscription Shares, and will otherwise be identical to and rank on Admission pari passu in all respects with the existing Ordinary Shares. The Subscription Shares are not being made available to the public and are not b...