Business
Result of Placing, Related Parties & TVR
Result of Placing, Related Parties & TVR.
About this update from Pulsar Group Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR IN ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\n THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.\n THIS 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 THE COMPANY'S OBLIGATIONS UNDER ARTICLE 17 OF MAR.\n \nPLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\n8 May 2025\n \nPulsar Group Plc\n(\"Pulsar Group\", the \"Company\" or the \"Group\")\nResult of Placing, Related Parties & Total Voting Rights\n \nPulsar Group Plc (AIM: PULS), the market leading audience intelligence business delivering Software-as-a-Service (\"SaaS\") solutions for the global marketing and communications industries, is pleased to announce that further to the announcement made yesterday regarding the proposed Placing, the Company has raised total gross proceeds of approximately £3.0 million through the issue of 7,894,736 New Shares, at a fixed price of 38 pence per New Share. The New Shares represent approximately 5.8 per cent. of the Company's enlarged issued share capital (excluding shares held in treasury).\nJoanna Arnold, Chief Executive Officer, commented:\n\"I am delighted by the support shown by investors in this placing. With this additional capital the Group has a strengthened balance sheet and looks forward to accelerating its strategic initiatives to continue to improve its operational efficiencies and enhanced future cash generation. The Board of the Company are very much focussed on ensuring that delivery against its plans will maximise shareholder value\"\nRelated Parties\nChristopher Satterthwaite (non-Executive chairman), Joanna Arnold (CEO), Mark Fautley (CFO), Sarah Vawda (Non-executive director) (together the \"Participating Directors\") and Kestrel Partners LLP (\"Kestrel Partners\") have agreed to subscribe for the...