Business
Close of Bookbuild and Result of Placing
Close of Bookbuild and Result of Placing.
About this update from Springfield Properties Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2200U\n Springfield Properties PLC\n 01 December 2021\n \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 OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\n \n \n THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO PURCHASE AND/OR SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN SPRINGFIELD PROPERTIES PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION, SHALL FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH ANY INVESTMENT DECISION IN RESPECT OF SPRINGFIELD PROPERTIES PLC.\n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018) (\"UK MAR\"). \n \n \n Springfield Properties plc\n \n \n (\"Springfield\" or the \"Company\")\n \n \n \n \n \n \n Close of Bookbuild and\n \n Result of Placing\n \n \n \n \n \n The Board of Springfield (AIM: SPR), a leading housebuilder in Scotland delivering private and affordable housing, is pleased to announce that, further to the announcement made earlier today (the \"Launch Announcement\"),\n the Placing has now closed. The Placing was oversubscribed and, subject to completion, the Company has raised gross proceeds of approximately £22.0 million through the placing of 15,714,286 Placing Shares at the Placing Price of 140 pence per Placing Share. \n \n \n \n \n \n \n Innes Smith, CEO of the Company, commented\n \n :\n \n \n \"\n \n We are very pleased to have successfully raised £22m in this placing, which will be used to accelerate our growth through the acquisition of Tulloch Homes. We have received excellent support from new and existing investors, for which we thank them. Our stated strategy is to grow organically as well as via acquisitions while maintaining a strong focus...