Business
Results of Secondary Placing in PensionBee
Results of Secondary Placing in PensionBee.
About this update from Pensionbee Group Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.\n \nFURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN PENSIONBEE GROUP PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION SHALL FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH, ANY INVESTMENT DECISION IN RESPECT OF PENSIONBEE GROUP PLC. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"MAR\"), AND IS DISCLOSED IN ACCORDANCE WITH OBLIGATIONS UNDER ARTICLE 17 OF MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.\n \n21 June 2024\n \nRESULT OF PLACING OF 5.6 MILLION ORDINARY SHARES IN PENSIONBEE GROUP PLC (THE \"COMPANY\" OR \"PENSIONBEE\")\n \nFurther to the announcement of 20 June 2024, Romi Savova, Jonathan Lister Parsons and Mark Wood CBE (together the \"Selling Block\") announce that, following reverse inquiry to increase the institutional ownership of and liquidity in the Company's shares, they have placed in aggregate 5.6 million ordinary shares in PensionBee (the \"Placing Shares\") at a price of 153.5 pence per share (the \"Placing\"), with institutional investors. The Placing price presents a nil discount to the mid-market closing price on 20 June 2024.\n \nThe Placing was significantly oversubscribed and was strongly supported by both existing and new institutional investors. Following the Placing, the Company's free float increased to approximately 50% and its institutional shareholder base increased to approximately 35% of the share capital.\n \nThe Placi...