Business
Results of Placing
Results of Placing.
About this update from Pci-pal Plc
[{"type":"text","content":"\n \nRNS Number : 3876D PCI-PAL PLC 30 January 2018 \n\nTHIS ANNOUNCEMENT, INCLUDING THE APPENDIX, AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, AUSTRALIA, THE REPUBLIC OF IRELAND, NEW ZEALAND, ISRAEL OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT AND AT THE START OF THE APPENDIX.\nPCI PAL PLC\n(\"PCI Pal\" or the \"Company\")\nResults of Placing\nThe Company is pleased to announce that a total of 11,000,000 Placing Shares have been conditionally placed at a price of 45 pence per Placing Share, raising gross proceeds of £4.95 million (approximately £4.6 million after expenses). The Placing Shares will represent approximately 25.8% of the Company's enlarged issued ordinary share capital (excluding treasury shares).\n \nWilliam Catchpole, CEO of PCI Pal, said:\n \n\"We are delighted by the response we have received from new and existing shareholders. The funds raised through the placing will enable us to invest in the business and capitalise on the significant commercial opportunities in North America and elsewhere. We look forward to this exciting next stage of development of PCI Pal.\"\n \nShare capital on completion of the Placing\n \nApplication has been made for the Placing Shares to be admitted to trading on AIM. It is expected that Admission will occur on or around 31 January 2018.\n \nFollowing Admission, the Company's enlarged issued share capital will comprise 42,721,178 Ordinary Shares with 167,229 Ordinary Shares held in treasury and the total voting rights in the Company will be 42,553,949. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in the interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.\n \nThe issue of the Placing Shares is conditional, amongst other things, the admission of the Placing Shares to trading on AIM.\n&n...