Business
Proposed placing of Ordinary Shares
Proposed placing of Ordinary Shares.
About this update from Ssp Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 5164H\n SSP Group PLC\n 25 March 2020\n \n \n \n \n THIS ANNOUNCEMENT, INCLUDING THE APPENDICES AND THE INFORMATION IN THEM, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.\n \n \n FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.\n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.\n \n \n LEI:213800QGNIWTXFMENJ24\n \n \n For immediate release\n \n \n 25 March 2020\n \n \n SSP Group plc\n \n \n Proposed placing of Ordinary Shares\n \n \n \n \n \n SSP Group plc (\"SSP\", the \"Group\" or the \"Company\"), a leading operator of food and beverage outlets in travel locations worldwide today \n announces its intention to conduct a non‑pre‑emptive placing of new ordinary shares (the \n \n \"Placing Shares\"\n \n ) of 1 17/200 pence each in the capital of the Company (the \"Placing\").\n In addition, in conjunction with the Placing, certain directors and members of the senior management team of the Company intend to subscribe (the \"Subscription\") for new ordinary shares in the capital of the Company (the \"Subscription Shares\") at the Placing Price (as defined below). Together, the total number of Placing Shares and Subscription Shares will not exceed 19.99 per cent. of the Company's existing ordinary share capital.\n \n \n \n \n \n The Placing will be conducted through an accelerated bookbuilding process (the \n \"Bookbuilding Process\"\n ) which will be launched immediately following this announcement. The Placing is subject to the terms and conditions set out in Appendix 1 to this announcement (which forms part of this Announcement, such announcement and its Appendices together being this \n \n \"Announcement\"\n \n ). The Subscription Shares will be subscribed for on the basis agreed pursuant to subscription letters with the Company, rather than pursuant to the terms and conditions of the Placing contained in Appendix 1 to this Announcement.\n \n \n \n \n \n Update on current trading, outlook and financing arrangements\n \n \n \n \n \n SSP has separately today prov...