Business
Admission to trading and first day of dealings
Admission to trading and first day of dealings.
About this update from Skillcast Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1136U\n Skillcast Group PLC\n 01 December 2021\n \n \n \n \n NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, AUSTRALIA OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.\n \n \n \n \n \n 1 December 2021\n \n \n \n \n \n Skillcast Group plc\n \n \n (\"Skillcast\" or the \"Company\")\n \n \n \n \n \n Admission to trading on AIM and first day of dealings\n \n \n \n \n \n Skillcast Group plc (AIM: SKL), a provider of e-learning software and content subscriptions and related professional services, is pleased to announce that admission to AIM will occur, and dealings in its shares will commence, at 08.00 a.m. today, 1 December 2021 (\"Admission\"). Dealings in the shares will commence under the ticker \"SKL\". The ISIN number is 213800OV1WLNFL7YRY20 and the SEDOL is BNLXS04.\n \n \n \n \n \n Upon Admission, the Company will have a market capitalisation of £33.1 million, following a successful fundraise of £4.5 million at the placing price of 37 pence per ordinary share of 0.1 pence each (\"Ordinary Share\"), comprising a placing of £3.5 million for the Company and a further £1.0 million raise on behalf of selling shareholders (together the \"Placing\").\n \n \n \n \n \n \n The proceeds of the Placing receivable by the Company, together with the Company's existing cash resources, will be invested in technology development to scale up the Skillcast Portal,\n implement client self-service,\n streamline the buyer journey, position the Company's subscriptions oncloud marketplaces and in content marketing to increase market penetration.\n \n \n \n \n \n \n \n \n The Company's admissiondocument is available\n to view from the Skillcast website,\n www.skillcast.com.\n \n \n \n \n \n \n Allenby Capital is acting as Nominated Adviser and sole Broker to the Company.\n \n \n \n \n \n \n Vivek Dodd, CEO of Skillcast commented:\n \n \n \"We are delighted to have achieved this important milestone which marks the latest stage in the Company's development. I am pleased to welcome our new shareholders and would like to thank them for their support.\n \n \n \n \n \n \...