Business
Results of Placing
Results of Placing.
About this update from Ssp Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 8916O\n SSP Group PLC\n 04 June 2020\n \n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR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 4 June 2020\n \n \n SSP Group plc\n \n \n Results of Placing \n \n \n \n \n \n SSP Group plc (\"SSP\" or the \"Company\") \n announces the successful completion of the non-pre-emptive placing of ordinary shares in the capital of the Company announced yesterday (the \"Placing\").\n \n \n A total of \n 3,382,255\n new ordinary shares in \n the capital of the Company \n (the \"Placing Shares\") have been placed by \n Barclays Bank PLC, acting through its investment bank (\"Barclays\") \n at a price of 315.2 pence per Placing Share (the \"Placing Price\"). \n Concurrently with the Placing,\n certain directors and members of the senior management team of the Company have subscribed (the \"Subscription\") for new ordinary shares in \n the capital of the Company\n (the \"Subscription Shares\"), at the Placing Price. \n In addition, retail investors have subscribed in an offer made by the Company via the PrimaryBid platform for new ordinary shares in the capital of the Company (the \"Retail Shares\") at the Placing Price (the \"Retail Offer\").\n \n \n \n \n \n Together, the Placing, Subscription and Retail Offer of, in aggregate, 3,475,388 new ordinary shares in the capital of the Company raised gross proceeds of approximately £11.0 million. The Placing Price of 315.2 pence was equal to the mid-market closing price of SSP's shares on 3 June 2020. The Placing Shares, Subscription Shares and Retail Shares being issued together represent approximately 0.7 per cent of the existing issued ordinary share capital of SSP prior to the Placing, Subscription and Retail Offer.\n \n \n Applications have been made to the Financial Conduct Authority (the \...