Business
Results of Fundraise and Total Voting Rights
Results of Fundraise and Total Voting Rights.
About this update from Rank Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4955E\n Rank Group PLC\n 06 November 2020\n \n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION OR FORWARDING, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL. \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE FOR INFORMATION PURPOSES ONLY AND DO NOT CONSTITUTE AN OFFER OF SECURITIES IN ANY JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\n \n \n This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014\n \n \n For immediate release\n \n \n \n \n \n 6 November 2020\n \n \n \n \n \n The Rank Group Plc\n \n \n \n \n \n Results of Fundraise and Total Voting Rights\n \n \n \n \n \n The Rank Group Plc (\"Rank\" or the \"Company\"), announces the successful completion of the Placing announced yesterday (the \"Placing Announcement\") as well as the concurrent Retail Offer (together the \"Fundraise\"). The Fundraise is conditional upon, inter alia, the approval of the Resolutions at the General Meeting.\n \n \n \n \n \n A total of 76,736,762 Placing Shares have been conditionally placed by Peel Hunt LLP (\"Peel Hunt\") and Goodbody Stockbrokers UC (\"Goodbody\") with certain existing and new institutional investors at an issue price of 90 pence per share (the \"Placing Price\").\n \n \n \n \n \n In addition, retail investors have subscribed via the PrimaryBid platform (the \"Retail Offer\") for a total of 1,009,258 new Ordinary Shares (the \"Retail Shares\") at the Placing Price. \n \n \n \n \n \n In aggregate, the Fundraise comprises of 77,746,020 new Ordinary Shares, representing approximately 19.9% of the existing Ordinary Shares (prior to the Fundraise), and will raise gross proceeds of approximately £70 million.\n \n \n \n \n \n The Placing Price of 90 pence represents a premium of approximately 4.3% to the closing price on 5 November 2020, the last practicable day prior to the completion of the Placing.\n \n \n \n \n \n The Placing Shares and the Retail Shares will, when issued, be credited as fu...