Business
Result of Retail Offer
Result of Retail Offer.
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, AUSTRALIA, NEW ZEALAND, CANADA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND, SINGAPORE OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\n \n \n \n \n \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 \n \n \n \n \n \n \n \n 17 February 2023\n \n \n \n Sosandar plc \n \n \n \n (\"Sosandar\" or the \"Company\")\n \n \n \n Result of Retail Offer\n \n \n \n Further to the announcements on 08 February 2023 and this morning at 7:00 a.m., 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 it has raised gross proceeds of approximately £500,000 pursuant to a significantly oversubscribed Retail Offer via the Bookbuild platform from existing shareholders. A total of 2,272,727 Retail Offer Shares will be issued at 22 pence per Retail Offer Share.\n \n \n A\n llocations were made to existing Shareholders applying the principles of soft pre-emption with existing Shareholders receiving 100% of their soft pre-emptive allowance. Where an order was greater than the soft pre-emptive allowance, shareholders received c.30% of their additional demand.\n \n \n Consequently, an application has been made\n to the London Stock Exchange\n for the admission of 2,272,727 Retail Offer Shares to trading on AIM. Retail Offer Admission is expected to take place and dealings are expected to commence in the Retail Offer Shares at 8.00 a.m. on or around 21 February 2023.\n \n \n The Retail Offer Shares, when issued, will be fully paid and will rank pari passu in all respects with the existing Ordinary Shares, including the right to receive all dividends and other distributions declared, made or paid after the date of issue.\...