Business
Results of Placing and Retail Offer
Results of Placing and Retail Offer.
About this update from Sigmaroc Plc
[{"type":"text","content":"\n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 (AS IT FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018) AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL\n \n \n \n \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 SIGMAROC PLC OR ANY OTHER ENTITY IN ANY SUCH JURISDICTION.\n \n \n \n \n \n \n 23 February 2023\n \n \n (EPIC: SRC / Market: AIM / Sector: Construction Materials)\n \n \n \n \n \n SIGMAROC PLC\n \n \n \n \n \n \n (\n '\n SigmaRoc\n ', the 'Group'\n or the 'Company')\n \n \n \n Results of Placing and REX Retail Offer\n \n \n \n \n \n \n \n \n SigmaRoc\n (AIM: SRC), the quarried materials group, is pleased to announce the successful completion of the Placing and REX Retail Offer announced yesterday by the Company (the \"Placing Announcement\"), raising gross proceeds of approximately £30 million.\n \n \n \n \n \n The Company has placed, in aggregate, 55,555,555 new Ordinary Shares pursuant to the Fundraising, each at a price of 54 pence per share, representing a premium of approximately 1.8 per cent. to the mid-market closing price of 53 pence on 22 February 2023\n .\n \n \n \n \n \n The Company consulted with and received strong support from many of its largest shareholders prior to the Fundraising. Consistent with each of its prior placings, the Company respected the principles of pre-emption, so far as possible, through the allocation process, both in the Placing and the Retail Offer. The Company's management team actively participated in the structuring and allocation of the Fundraising.\n \n \n \n \n \n The proceeds of the Fundraising will part fund ten poten...