Business
Results of Placing and Proposed Admission to AIM
Results of Placing and Proposed Admission to AIM.
About this update from Ten Lifestyle Group Plc
[{"type":"text","content":"\n \nRNS Number : 4137X Ten Lifestyle Group PLC 24 November 2017 \n\nTHIS 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, INTO OR FROM THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR TRANSMITTED, DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS. \nThis announcement does not constitute or form part of an offer to sell or issue or a solicitation of an offer to subscribe for or buy any securities nor should it be relied upon in connection with any contract or commitment whatsoever. Investors should not purchase or subscribe for any transferable securities referred to in this announcement except on the basis of the information in the admission document dated 24 November 2017 (the \"Admission Document\") published by Ten Lifestyle Group Plc (\"Ten\", the \"Company\" and, together with its subsidiaries, \"the Group\") in connection with the proposed admission of its issued and to be issued ordinary shares (\"Ordinary Shares\") to trading on AIM, a market operated by London Stock Exchange plc (\"Admission\").\n \n24 November 2017\n \nTen Lifestyle Group Plc(\"Ten\" or the \"Company\")\n \nResults of Placing\nPublication of Admission Document\nProposed Admission to Trading on AIM\n \nTen Lifestyle Group Plc, a technology-enabled lifestyle and travel platform providing trusted concierge services to the world's wealthy and mass affluent, today announces its initial public offering by way of a conditional placing of 13,432,836 new Ordinary Shares to be issued by the Company (\"New Shares\") and 10,589,752 existing Ordinary Shares (\"Sales Shares\") to be sold by existing shareholders of the Company (\"Selling Shareholders\") at 134 pence per Ordinary Share (the \"Placing Price\") with gross proceeds raised of approximately £32.2 million before expenses, of which the Selling Shareholders will receive aggregate gross proceeds of approximately £14.2 million (the \"Placing\" and together with Admission, the \"IPO\").\n \nJefferies International Limited (\"Jefferies\") is acting as Nominated Advi...