Business
Result of secondary placing
Result of secondary placing.
About this update from Tristel Plc
[{"type":"text","content":"\n \nRNS Number : 8047U Tristel PLC 16 July 2018 \n\nNOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.\nTHIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION, INCLUDING THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA.\nPLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\nRESULT OF PLACING OF 2,462,000 ORDINARY SHARES IN TRISTEL PLC.\nTristel plc\n(\"Tristel\" or the \"Company\")\n \nResult of secondary placing of ordinary shares in Tristel\n \nOn 16 July 2018, Tristel announced that it had been advised by Francisco Soler, Paul Swinney and Paul Barnes (the \"Selling Directors\"), that they intended to sell approximately 2,400,000 ordinary shares of 1 pence each in the Company (\"Ordinary Shares\") via an accelerated bookbuild placing to institutional investors (the \"Placing\").\n \nTristel announces that the Selling Directors have sold 2,462,000 Ordinary Shares in the Company (the \"Placing Shares\"), representing approximately 5.6 per cent. of the issued share capital of Tristel. The Placing Shares were placed at a price of 285 pence per share and were sold to institutional investors in a placing managed by finnCap Ltd acting as sole bookrunner (\"finnCap\" or \"Bookrunner\"). \n \nFollowing the above sale, Paul Swinney has no intention to sell any of his remaining equity interest in the Company for the foreseeable future. \n \nOf the Placing Shares, 502,915 Ordinary Shares were satisfied by the exercise of options by Paul Swinney, these shares have been issued and allotted and application has been made for the new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 30 July 2018.\n \nThe Directors' resulting interest in the Company's issued share capital:\n \n \n\n\n\nDirector\n\n\nOptions Exercised \n\n\nPlacing Shares\nSold\n\n\nHolding Post-Placing\n\n\n% issued\nshare\ncapital\n\n\nRemaining Options\nheld\n\n\n\n\nFrancisco Soler\n\n\n-\n\n\n1,750,000\n\n\n6,673,834\n\n\n15.27%\n\n\n-\n\n\n\n\nPaul Swinney\n\n\n502,915\n\n\n502,915\n\n\n468,12...