Business
Proposed placing - re-investment of Final Dividend
Proposed placing - re-investment of Final Dividend.
About this update from Ssp Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 7469O\n SSP Group PLC\n 03 June 2020\n \n \n \n \n THIS ANNOUNCEMENT, INCLUDING THE APPENDICES AND THE INFORMATION IN THEM, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR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 3 June 2020\n \n \n SSP Group plc\n \n \n Proposed placing of ordinary shares for re-investment of 2019 Final Dividend\n \n \n \n \n \n SSP Group plc (\"SSP\", 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 \n \n \n \n \n SSP's final dividend of 6.0 pence per ordinary share (the \"2019 Final Dividend\") that was voted on and approved by SSP's shareholders at the Company's AGM on 26 February 2020, with a record date of 6 March 2020, will be paid on 4 June 2020.\n \n \n \n \n \n The rationale for the Placing is to allow those persons that are beneficially entitled to the 2019 Final Dividend (\"Entitled Investors\") to re-invest their 2019 Final Dividend back in to the Company. As such, participation in the Placing is limited to certain Entitled Investors.\n \n \n \n In addition, in conjunction with the Placing, certain directors and members of the senior management team of the Company (\"Subscribers\") intend to re-invest all or part of their entitlement (and the entitlement of persons closely associated with them) to the 2019 Final Dividend and subscribe (the \"Subscription\") for new ordinary shares in the capital of the Company (the \"Subscription Shares\") at the Placing Price (as defined below). \n \n \n \n \n \n In addition to the Placing and the Subscription, a separate offer of new ordinary shares in the capital of the Company (the \"Retail Offer Shares\") at t...