Business
Retail Offer
Retail Offer.
About this update from Sosandar Plc
[{"type":"text","content":"\n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND, SINGAPORE, HONG KONG OR JAPAN OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\n \n \n \n \n \n \n \n \n \n THE COMMUNICATION OF THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS OR MATERIALS RELATING TO THE RETAIL OFFER AS A FINANCIAL PROMOTION IS ONLY BEING MADE TO, AND MAY ONLY BE ACTED UPON BY, THOSE PERSONS IN THE UNITED KINGDOM FALLING WITHIN ARTICLE 43 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (WHICH INCLUDES AN EXISTING MEMBER OF SOSANDAR PLC). ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO SUCH PERSONS AND WILL BE ENGAGED IN ONLY WITH SUCH PERSONS.\n \n \n \n \n \n \n 8 February 2023\n \n \n \n \n \n \n Sosandar plc\n \n \n \n \n \n \n \n \n \n Retail Offer\n \n \n \n \n \n \n Sosandar plc (\"Sosandar\" or the \"Company\") is pleased to announce a retail offer via the BookBuild platform (the \"Retail Offer\") to raise up to approximately £0.5 million through the issue of new ordinary shares of 0.1 pence each in the capital of the Company (the \"Ordinary Shares\"). Under the Retail Offer, up to 2,272,727 new Ordinary Shares (the \"Retail Offer Shares\") will be made available at a price of 22 pence per Retail Offer Share (the \"Issue Price\").\n \n \n In addition to the Retail Offer, the Company also announced on 8 February 2023 a placing of new Ordinary Shares (the \"Placing Shares\") through an accelerated bookbuild process (the \"Placing\", together with the Retail Offer, the \"Fundraise\") for new Ordinary Shares at the Issue Price. The Issue Price represents a discount of approximately 17 per cent. to the closing mid-price of the Ordinary Shares on 7 February 2023, being the latest practicable date prior to announcement of the Placing. The price of the Retail Offer Shares and Placing Shares is equal to the Issue Price.\n \n \n \n \n \n The separate announcement regarding the Placing sets out its terms, th...