Business
Results of Fundraising
Results of Fundraising.
About this update from S4 Capital Plc
[{"type":"text","content":"\n \n \n RNS Number : 2009T\n S4 Capital PLC\n 16 July 2020\n \n \n \n \n NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH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 S4CAPITAL 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 S4CAPITAL 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 16 July 2020\n \n \n S4 Capital PLC\n \n \n (\"S4Capital\" or the \"Company\") \n \n Results of Fundraising\n \n S4Capital plc is pleased to announce the successful completion of the non-pre-emptive placing (the \"Placing\") of ordinary shares of the Company (the \"Ordinary Shares\") announced yesterday.\n A total of 29,696,708 new ordinary shares in S4Capital (the \"Placing Shares\") have been placed by HSBC Bank plc (\"HSBC\"), Dowgate Capital Limited (\"Dowgate\") and Jefferies International Limited (\"Jefferies\"), (together the \"Joint Bookrunners\"), at a price of 315 pence per Placing Share, with existing and new institutional investors. Concurrently with the Placing, all of the directors of the Company have subscribed for an aggregate of 7,069,934 new ordinary shares in the capital of the Company (the \"Subscription Shares\" and together with the Placing Shares, the \"Fundraising Shares\"), at the Placing Price, pursuant to subscription letters entered into with the Company (the \"Subscription\", together with the Placing, the \"Fundraising\"). In light of the strong demand received both from existing investors and potential new holders, the Board decided to increase the size of the Fundraising from approximately £100 million to £116 million.\n Together, the Placing and Subscription of 36,766,642 new ordinary shares rais...