Business
Share Placing
Share Placing.
About this update from Roebuck Food Group Plc
[{"type":"text","content":"\n \nRNS Number : 3575O Norish PLC 18 September 2013 \n\nNorish plc (\"Norish\" or the \"Company\")\n18 September 2013\nOpen Offer\nThe Board of Norish have decided to exercise its powers under resolutions passed at the 2013 Annual General Meeting to issue up to 1,014,618 new shares at 40p per share which represent just under 10% of the existing issued share capital, in order to raise up to £400,000, net of fees and expenses. Shareholders, other than certain holders in restricted jurisdictions, will be able to participate in the issue which is being made by open offer on a pro-rata basis, with an entitlement to apply for excess shares (\"the Offer\").\nThe share issue of £400,000 together with the proceeds of the planned disposals of both Leeds and York will leave the Group in a strong financial position to pursue plans for the continued growth and development of its business.\nA Circular and Application Form will be issued tomorrow 19 September 2013 to shareholders (other than shareholders in restricted jurisdictions) on the register as at close of business today 18 September 2013. Closing date for applications will be 11 October 2013. Shareholders will have a primary entitlement to subscribe for 1 Norish share for every 10 Norish shares held on the Record Date, such entitlement rounded down to the nearest whole number. \nThe Open Offer is not a rights issue. Unlike in a rights issue, any shares not applied for will not be sold in the market on behalf of or placed for the benefit of Shareholders who do not apply under the Offer. \nTimetable of principal events:\n\n\n\n\nRecord date for entitlement to participate in the Offer\n\n\nClose of business, 18 September 2013\n\n\n\n\nEx entitlement date for participation in the Offer\n\n\n8.00am, 19 September 2013\n\n\n\n\nPosting of Circular and Application Form to shareholders\n\n\n19 September 2013\n\n\n\n\nOpen Offer Entitlements credited to stock accounts in CREST of Qualifying CREST Shareholders\n\n\n20 September 2013\n\n\n\n\nRecommended latest time for requesting withdrawal of Basic Entitlements and Excess Shares from CREST\n\n\n4.30pm, 4 October 2013\n\n\n\n\nLatest time for depositing Basic Entitlements and Excess Shares into CREST\n\n\n3.00pm, 8 October 2013\n\n\n\n\nLatest time and date for splitting of Application Forms(to satisfy bona fide market claims on...