Business
Results of the Placing and Op
Results of the Placing and Op.
About this update from Xaar Plc
[{"type":"text","content":"\n RNS Number : 7468V Xaar PLC 08 November 2010 \n \n\n8 November 2010\n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL\nTHIS ANNOUNCEMENT IS AN ADVERTISEMENT. IT IS NOT A PROSPECTUS. INVESTORS SHOULD NOT SUBSCRIBE FOR OR PURCHASE ANY SHARES REFERRED TO IN THIS ANNOUNCEMENT EXCEPT SOLELY ON THE BASIS OF INFORMATION IN THE PROSPECTUS PUBLISHED BY XAAR PLC IN CONECTION WITH THE PROPOSED FUNDRAISING. COPIES OF THE PROSPECTUS ARE AVAILABLE FOR INSPECTION AT THE OFFICES OF SINGER CAPITAL MARKETS LIMITED, ONE HANOVER STREET, LONDON W1S 1YZ DURING NORMAL BUSINESS HOURS ON ANY WEEKDAY (SATURDAYS, SUNDAYS AND PUBLIC HOLIDAYS EXCEPTED) UP TO AND INCLUDING THE DATE WHICH IS ONE MONTH FOLLOWING ADMISSION.\n \nXaar plc\n \nResults of the Placing and Open Offer\n\n\nOn 21 October 2010, the Board of Xaar plc (the \"Company\" or \"Xaar\"), the inkjet printing technology group headquartered in Cambridge, announced details of a share issue to raise gross proceeds of £15.0 million (approximately £14.0 million net of expenses) by the issue of 8,827,345 New Ordinary Shares of 10 pence each through the Placing and Open Offer at 170 pence per New Ordinary Share. \n \nDefined terms used in this announcement shall have the same meaning as those terms defined and used in the prospectus published by the Company on 21 October 2010.\n \nThe commitments of Placees to subscribe for New Ordinary Shares to be issued pursuant to the Placing were subject to clawback to satisfy valid applications for New Ordinary Shares received from Qualifying Shareholders under the terms of the Open Offer. \n \nThe Open Offer closed for acceptances at 11.00 a.m. on 5 November 2010. The Company has received valid acceptances in respect of 8,158,762 New Ordinary Shares from Qualifying Shareholders. This represents approximately 92.4 per cent. of the New Ordinary Shares that were made available. The remaining 668,583 New Ordinary Shares, representing 7.6 per cent. of the New Ordinary Shares, have been allocated to the Placees with whom they had been condition...