Business
Result of Placing
Result of Placing.
About this update from Sosandar Plc
[{"type":"text","content":"\n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND, SINGAPORE, HONG KONG OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE EU REGULATION 2014/596/EU (\"MAR\") AND ARTICLE 7 OF MAR AS INCORPORATED INTO UK DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n \n \n \n \n \n \n \n 8 February 2023\n \n \n \n \n \n Sosandar plc \n \n \n (\"Sosandar\" or the \"Company\")\n \n \n Result of Placing\n \n \n Further to the announcement earlier today, Sosandar plc (AIM: SOS), one of the fastest growing fashion brands in the UK, creating quality, trend-led products for women of all ages, is pleased to announce that, as a result of increased demand, it has conditionally raised gross proceeds of approximately £5.4 million pursuant to the Placing\n from existing and new investors.\n A total of 24,545,454 Placing Shares have been placed at 22 pence per share by Singer. \n \n \n \n Ali Hall and Julie Lavington, Co-CEOs, commented:\n \n \n \n \n \n \n \n \n \n \"We are delighted to have successfully completed our placing, with both existing and new investors showing support for our business and future growth plans. We welcome the strength of support shown by our existing shareholders and would like to welcome new investors to the Company.\n \n \n \n \n The progress and momentum that we have experienced over the last two years has been substantial. The strength of our brand and distinctive product range continues to resonate incredibly well with our large but underserved demographic and with this strong momentum, the Board believes the opportunity for Sosandar is larger than ever. This opportunity has been demonstrated by us delivering a record performance in the third quarter of FY23 with a...