Business
Results of Rump Placing
Results of Rump Placing.
About this update from Synthomer Plc
[{"type":"text","content":"\n \nRNS Number : 2101H Synthomer PLC 30 July 2019 \n\nTHIS ANNOUNCEMENT (AND THE INFORMATION CONTAINED HEREIN) IS NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR FORWARDING, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM, THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OR SUCH JURISDICTION.\nTHIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS. IT DOES NOT CONSTITUTE OR FORM PART OF, AND SHOULD NOT BE CONSTRUED AS, AN OFFERING OF NIL PAID RIGHTS, FULLY PAID RIGHTS OR NEW SYNTHOMER SHARES FOR SALE OR SUBSCRIPTION IN ANY JURISDICTION. NOTHING IN THIS ANNOUNCEMENT SHOULD BE INTERPRETED AS A TERM OR CONDITION OF THE RIGHTS ISSUE. INVESTORS SHOULD NOT SUBSCRIBE FOR, PURCHASE, OR OTHERWISE ACQUIRE, SELL OR OTHERWISE DISPOSE OF ANY NIL PAID RIGHTS, FULLY PAID RIGHTS AND/OR NEW SYNTHOMER SHARES REFERRED TO IN THIS ANNOUNCEMENT EXCEPT IN COMPLIANCE WITH APPLICABLE SECURITIES LAWS AND ON THE BASIS OF THE INFORMATION CONTAINED IN AND INCORPORATED BY REFERENCE INTO THE PROSPECTUS.\nPLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\nFOR IMMEDIATE RELEASE\n \n30 July 2019\nSynthomer plc (the \"Company\")\nResults of Rump Placing\nFollowing the announcement made earlier today by the Company regarding the number of valid acceptances received under the 1 for 4 rights issue announced by the Company on 3 July 2019 (the \"Rights Issue\"), the Company announces that Barclays Bank PLC, Canaccord Genuity Limited, HSBC Bank plc and Citigroup Global Markets Limited (the \"Underwriters\"), as agents for the Company, have procured subscribers for the remaining 5,529,577 New Synthomer Shares for which valid acceptances were not received and 967 New Synthomer Shares representing fractional entitlements by 11.00 am on 29 July 2019 (representing approximately 6.5 per cent. of the New Synthomer Shares) at a price of 302.9 pence per New Synthomer Share.\n \nThe net proceeds from the placing of such New Synthomer Shares (being the amount paid by such subscribers after deducting the Issue Price of 240 pence per New Synthomer Share and the expenses of procuring such subscribers including any applicable commissions and any related irrecoverable VAT), if any, will be paid (without ...