Business
Results of Rump Placing
Results of Rump Placing.
About this update from Tribal Group Plc
[{"type":"text","content":"\n \nRNS Number : 6685V Tribal Group PLC 19 April 2016 \n\n \n \nNOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND AND THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO (\"EXCLUDED TERRITORIES\"). PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT \n \n \nTribal Group plc\n(\"Tribal\" or the \"Group\")\nResults of Rump Placing\nFollowing the announcement today regarding valid acceptances received under the Rights Issue announced by Tribal Group plc on 16 March 2016, the Group is pleased to announce that Investec Bank plc (\"Investec\") has today procured subscribers for the remaining 6,298,514 new ordinary shares of 5 pence each in the capital of the Group (each a \"New Ordinary Share\"), for which valid acceptances were not received by 11.00 a.m. on 18 April, at a price of 44 pence per New Ordinary Share.\nAny premium over the total of the Rights Issue offer price of 22 pence per New Ordinary Share and the related expenses of procuring subscribers (including any applicable commissions and amounts in respect of VAT which, in the reasonable opinion of Investec, are not recoverable) will be paid to Qualifying Shareholders that have not taken up their entitlements pro rata to their lapsed provisional allotments, except that, in accordance with the terms and conditions of the Rights Issue, individual amounts of less than £5.00 will not be paid to such persons but will be aggregated and retained for the benefit of the Company. Cheques and credits to CREST accounts in respect of any amounts payable to Qualifying Shareholders are expected to be despatched by no later than 26 April 2016.\nUnless otherwise stated, capitalised terms in this announcement have the same meaning as in the combined prospectus and circular posted to shareholders on 16 March 2016, a copy of which is available on the Company's website at www.tribalgroup.com. \n\n\n\n\n \nEnquiries:\n \nTribal Group plc\nIan Bowles, Chief Executive\nSteve Breach, Group Finance Director\n \nInvestec Bank plc\nRowena Murray \nSara Hale\n \nWeber Shandwick Financial\nNick Oborne\nTom Jenkins\n \nNplus1 Singer Advisory LLP\nShaun Dobson &...