Business
Admission to AIM and First Day of Dealings
Admission to AIM and First Day of Dealings.
About this update from Tekmar Group Plc
[{"type":"text","content":"\n \nRNS Number : 9236R Tekmar Group PLC 20 June 2018 \n\n \nNOT FOR RELEASE, DISTRIBUTION, PUBLICATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION. \n \nThis Announcement is not an admission document or a prospectus and should not be construed as an offer or form part of any offer to sell or issue, or solicitation of an offer to purchase or subscribe for, any of the securities mentioned in this Announcement nor should it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. In particular, these materials are not an offer of securities for sale in the United States. Investors should not subscribe for or purchase any transferable securities referred to in this Announcement except on the basis of information in the Admission Document published on 14 June 2018.\n \n \n20 June 2018\n \nTekmar Group plc\n(\"Tekmar\" or the \"Company\")\n \nADMISSION TO TRADING ON AIM AND FIRST DAY OF DEALINGS\n \nTekmar Group plc, a market-leading technology provider of protection systems for subsea cable, umbilical and flexible pipes and offshore engineering services, is pleased to announce that Admission will occur, and dealings in its shares will commence, at 8.00 a.m. today, 20 June 2018. \n \nDealings in the shares will commence under the ticker \"TGP\", the ISIN number is GB00BDFGGK53 and SEDOL BDFGGK5.\n \nUpon Admission, the Company will have a market capitalisation of approximately £65 million, following a successful total fundraise of approximately £61.8 million (before expenses). The fundraise, which was well supported by blue chip institutional investors, will be used principally to fund the cash consideration payable under the Acquisition Agreement to acquire Tekmar Limited, to repay debt within the Group and to provide approximately £10 million for the Company to fund future expansion and acquisitions.\n \nJames Ritchie, CEO of Tekmar, said: \n \n\"Today is an historic day for Tekmar, marking the start of the next phase of our planned expansion and development. Being an independent ...