Business
Results of the Rump Placing
Results of the Rump Placing.
About this update from Petra Diamonds Limited
[{"type":"text","content":"\n \nRNS Number : 0831T Petra Diamonds Limited 29 June 2018 \n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, ANY OF THE EXCLUDED TERRITORIES OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.\n \nTHIS ANNOUNCEMENT IS AN ADVERTISEMENT AND DOES NOT CONSTITUTE A PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT. NOTHING IN IT SHALL CONSTITUTE AN OFFERING OF ANY SECURITIES. ANY DECISION TO PURCHASE, SUBSCRIBE FOR, OTHERWISE ACQUIRE, SELL OR OTHERWISE DISPOSE OF ANY PROVISIONAL ALLOTMENT LETTER, NIL PAID RIGHTS, DI NIL PAID RIGHTS, Rights Issue Shares AND/OR NEW DIS MUST BE MADE ONLY ON THE BASIS OF THE INFORMATION CONTAINED IN AND INCORPORATED BY REFERENCE INTO THE PROSPECTUS ONCE PUBLISHED.\n \nPLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\n \nFOR IMMEDIATE RELEASE\n\n\n\n\n\n\n\n\n\n\n \n \n \n\n\n\n29 June 2018\n\n\nLSE: PDL\n\n\n\n \nPetra Diamonds Limited \n(\"Petra\", \"the Company\" or \"the Group\")\n \nResults of the Rump Placing\n \nPetra Diamonds Limited announces that, following its announcement earlier today regarding valid acceptances under the fully underwritten Rights Issue (announced on 24 May 2018), RBC Capital Markets, acting as Global Co-ordinator, Sponsor, Joint Bookrunner and Underwriter, Barclays Bank PLC, acting through its investment bank, acting as Joint International Bookrunner and Underwriter, and BMO Capital Markets Limited, acting as Joint Bookrunner and Underwriter (together, the \"Joint Bookrunners and Underwriters\") today procured subscribers for 16,729,685 Rights Issue Shares for which valid acceptances were not received, representing approximately 5.03% of the Rights Issue Shares, at a price of 56.25 pence per Rights Issue Share. \n \nThe net proceeds from the placing of such Rights Issue Shares (after the deduction of the Issue Price of 40 pence per Rights Issue Share and the expenses of the Rights Issue) will be paid (without interest) to those persons whose rights have lapsed in accordance with the terms of the Rights Issue, pro rata to their lapsed provisional allotments, save that individual amounts of less than £5 will not be paid to such persons but will be ...