Business
Update on recent press speculation
Update on recent press speculation.
About this update from Rank Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3145E\n Rank Group PLC\n 05 November 2020\n \n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL\n \n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2016\n \n \n \n \n \n FOR IMMEDIATE RELEASE\n \n \n \n \n \n \n \n \n LEI: 213800TXKD6XZWOFTE12\n \n \n \n \n \n 5 November 2020\n \n \n \n \n \n \n \n \n The Rank Group Plc \n \n \n (\"Rank\", the \"Company\" or the \"Group\")\n \n \n \n \n \n \n Update on recent press speculation\n \n \n \n \n \n Rank notes the recent press speculation regarding the possibility of the Company undertaking an equity issue.\n \n \n \n \n \n The Board continuously reviews the Group's financial position and confirms it is in discussions with its advisers regarding a potential equity issuance of up to a maximum of 19.9% of its issued share capital.\n \n \n \n \n \n Such an equity issuance would be intended to strengthen Rank's balance sheet in this unprecedented trading environment. There can be no certainty that the equity issuance will proceed.\n \n \n \n \n \n A further update will be provided if and as appropriate.\n \n \n \n \n \n The person responsible for releasing this announcement is Luisa Wright.\n \n \n \n \n \n \n \n \n Enquiries:\n \n \n \n \n \n \n \n \n \n The Rank Group Plc \n \n \n \n \n \n \n \n \n \n Sarah Powell, director of investor relations (investor enquiries)\n \n \n \n \n Tel: 01628 504 303\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n FTI Consulting LLP\n \n \n \n \n \n \n \n \n \n Ed Bridges\n \n \n \n \n Tel: 020 3727 1067\n \n \n \n \n \n \n Alex Beagley\n \n \n \n \n Tel: 020 3727 1045\n \n \n \n \n \n \n \n \n \n \n \n \n IMPORTANT INFORMATION\n \n \n There can be no certainty that any possible financing contemplated in this announcement will proceed or as to the terms on which any possible financing, if decided upon, might be concluded. This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the...