Business
Intention to Float - AIM
Intention to Float - AIM.
About this update from Skillcast Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 5132T\n Skillcast Group PLC\n 25 November 2021\n \n \n \n \n NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, AUSTRALIA OR ANY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 This announcement is not an admission document or a prospectus and does not constitute or form part of, and should not be construed as, an offer to sell or issue, or a solicitation of any offer to buy or subscribe for, any securities in any jurisdiction. Prospective investors should not subscribe for or purchase any securities referred to in this announcement, except on the basis of the information in the final admission document to be published by the Company and any supplement thereto (the \"Admission Document\"), in connection with the placing (the \"Placing\") of its issued and to be issued ordinary shares (the \"Ordinary Shares\") and the proposed admission to trading on AIM (\"Admission\").\n \n \n \n \n \n 25 November 2021\n \n \n \n \n \n Skillcast Group plc\n \n \n (\"\n \n Skillcast\n \n \" or the \"\n \n Company\n \n \")\n \n \n \n \n \n Intention to Float on AIM\n \n \n \n \n \n PROPOSED ADMISSION TO TRADING ON AIM AND £4.5 MILLION PLACING\n \n \n \n \n \n Skillcast Group plc (AIM: SKL), together with its subsidiaries (the \"Group\"), a provider of e-learning software and content subscriptions and related professional services, announces the proposed admission of its Ordinary Shares to trading on the AIM market of the London Stock Exchange, which is expected to take place on 1 December 2021. The Company has raised £3.5 million (before expenses), conditional on admission, giving it an expected market capitalisation of £33.1 million at the placing price of 37p per Ordinary Share. In addition, a further £1.0 million, conditional on admission, of existing Ordinary Shares are being sold on behalf of selling shareholders.\n \n \n \n \n \n Admission and commencement of dealings on AIM are expected to take place at 8:00 a.m. on 1 December 2021, under the ticker SKL.\n \n \n \n \n \n Allenby Capital is acting as Nominated Adviser and Broker to the Company.\n \n \n \n \n \n ...