Business
Subscription to raise £2.9m and Trading Update
Subscription to raise £2.9m and Trading Update.
About this update from Sutton Harbour Group Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO, THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS), CANADA, AUSTRALIA, JAPAN, NEW ZEALAND, SINGAPORE, HONG KONG, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL OR CONTRARY TO ANY REGULATION.\nTHIS ANNOUNCEMENT DOES NOT CONSTITUTE A PROSPECTUS OR OFFERING MEMORANDUM OR AN INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE IN RESPECT OF ANY SECURITIES AND IS NOT INTENDED TO PROVIDE THE BASIS FOR ANY INVESTMENT DECISION IN RESPECT OF SUTTON HARBOUR GROUP PLC OR OTHER EVALUATION OF ANY SECURITIES OF SUTTON HARBOUR GROUP PLC OR ANY OTHER ENTITY AND SHOULD NOT BE CONSIDERED AS A RECOMMENDATION THAT ANY INVESTOR SHOULD SUBSCRIBE FOR OR PURCHASE OR OTHERWISE ACQUIRE OR DISPOSE OF ANY SUCH SECURITIES .\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU NO. 596/2014) AS IT FORMS PART OF UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED (\"UK MAR\"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN UK MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF INSIDE INFORMATION, AS PERMITTED BY UK MAR, PRIOR TO ITS ANNOUNCEMENT. UPON PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.\n4 May 2023\nSutton Harbour Group plc\nSubscription to raise £2.9m and Trading Update\nSutton Harbour Group plc (AIM: SUH), (\"Sutton Harbour\", or the \"Company\") is pleased to announce that it has conditionally raised approximately £2.9 m (before expenses) by way of a direct subscription by FB Investors LLP (\"FB Investors\") for 12,994,407 new ordinary shares of 1p each in the capital of the Company (\"New Ordinary Shares\") at the price of 22.5 pence per New Ordinary Share (\"Subscription Price\") (the \"Subscription\"). Admission of the New Ordinary Shares to trading on AIM (\"Admission\") is expected to occur on or around 5 May 2023.\nTrading update\nTrading in the second half year continued in line with management's expect...