Business
Placing to Raise £7.3m and Trading Update
Placing to Raise £7.3m and Trading Update.
About this update from Rosslyn Data Technologies Plc
[{"type":"text","content":"\n \n \n RNS Number : 3252M\n Rosslyn Data Technologies PLC\n 07 May 2020\n \n \n \n \n The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service (\"RIS\"), this inside information is now considered to be in the public domain.\n \n \n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\n \n \n \n \n \n THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN ROSSLYN DATA TECHNOLOGIES PLC OR ANY OTHER ENTITY IN ANY JURISDICTION.\n \n \n \n \n \n 7 May 2020\n \n \n Rosslyn Data Technologies plc\n \n \n (\"Rosslyn\" the \"Company\")\n \n \n Placing to Raise £7.3 million; Trading Update \n \n \n and \n \n \n Notice of General Meeting\n \n \n \n \nRosslyn Data Technologies plc (AIM: RDT), a leading global big data technology company, \n is pleased to announce a Placing to raise c.£\n 7.3\n million (before expenses) through the conditional issue of \n 146,000,000\n Ordinary Shares at \n 5.0\n pence per Ordinary Share. The Placing has been arranged by Cenkos Securities and the Placing Shares will rank, pari passu, in all other respects with the Company's Existing Ordinary Shares.\n \n \n Placing Highlights\n \n \n · \n Placing to raise £7.3 million through the \n conditional issue of 146,000,000 Placing Shares to new and existing institutional and other investors at 5.0 pence per Placing Share\n \n \n · \n The Placing Price equates to a 5.3 per cent. premium to the closing mid-market price of 4.75 pence on 6 May 2020 and a 22.0 per cent. premium to the 20 day volume weighted average share price of 4.1 pence per Ordinary Share for the full 20 trading days prior to the announcement of the proposed Placing \n \n \n · \n P...