Business
Proposed Fundraising
Proposed Fundraising.
About this update from S4 Capital Plc
[{"type":"text","content":"\n \n \n RNS Number : 1323T\n S4 Capital PLC\n 15 July 2020\n \n \n \n \n NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\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 S4 CAPITAL PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION SHALL FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH, ANY INVESTMENT DECISION IN RESPECT OF S4 CAPITAL PLC. \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU NO. 596/2014).\n \n \n \n \n \n 15 July 2020\n \n \n S4 CAPITAL PLC\n \n \n (\"S4Capital\" or the \"Company\") \n \n \n Proposed Fundraising\n \n \n S4Capital plc (SFOR.L), the tech-led, new age, new era digital advertising and marketing services company, announces a proposed fundraising to raise gross proceeds of up to approximately £100 million, representing approximately 6.52 per cent. of the Company's existing issued share capital (the \"Fundraising\"). The Fundraising comprises a placing (the \"Placing\") of new ordinary shares of £0.25 each in the capital of the Company (the \"Placing Shares\") and, in conjunction with the Placing, all Directors of the Company intend to subscribe (the \"DirectorSubscription\") for new ordinary shares of £0.25 each in the capital of the Company (the \"Directors' Shares\"). \n \n \n The Placing, which is being conducted by way of an accelerated bookbuilding process (the \"Bookbuild\") is available to qualifying new and existing investors and will be launched immediately following release of this announcement.\n \n \n Directors' participation\n \n \n All of the Directors of the Company intend to subscribe for Directors' Shares at the Placing Price (as defined below) pursuant to the Director Subscription for an aggregate amount of at least c.£21.1 million, of which at least £8 million is intended to be subscribed by Sir Mar...