Business
Conditional Placing to raise £925,000
Conditional Placing to raise £925,000.
About this update from Tekcapital Plc
[{"type":"text","content":"\n \n \n RNS Number : 5759L\n Tekcapital plc\n 01 May 2020\n \n \n \n \n \n \n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\n \n THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE AN OFFER FOR SALE OR SUBSCRIPTION OF ANY SECURITIES IN THE COMPANY. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES OF TEKCAPITAL PLC IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.\n \n The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (\"MAR\"). With the publication of this announcement via a Regulatory Information Service (\"RIS\"), this inside information is now considered to be in the public domain.\n \n \n \n \n 1 May 2020\n \n \n \n \n \n Tekcapital plc\n \n \n \n \n \n (\"Tekcapital\" or the \"Company\")\n \n \n \n \n \n Conditional Placing to raise £925,000\n \n \n Notice of General Meeting \n \n \n \n \n \n Tekcapital plc, (AIM: TEK) the UK intellectual property investment group focused on creating marketplace value from investing in university technology, announces that it has conditionally raised a total of £925,000 (US$1.15 million) (before expenses) by way of the issue of, in aggregate, 9,250,000 new ordinary shares of 0.4 pence each in the Company (the \"New Ordinary Shares\"), at 10 pence per share (the \"Placing Price\") (together, the \"Placing\").\n \n \n Key Highlights:\n \n \n - \n £925,000 (US$1.15 million) (before expenses) raised by means of a conditional fundraise through the issue of, in aggregate 9,250,000 Placing Shares at 10 pence per share. \n \n \n - \n Funds raised will primarily be committed to Tekcapital's portfolio of companies and to provide additional working capital for the Company.\n \n - The P...