Business
Proposed Placing to raise £12.0 million
Proposed Placing to raise £12.0 million.
About this update from Yu Group Plc
[{"type":"text","content":"\n \nRNS Number : 6110H Yu Group PLC 13 March 2018 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA), AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL (\"RESTRICTED JURISDICTIONS\"). THIS ANNOUNCEMENT, INCLUDING THE APPENDIX, IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE AN OFFER FOR SALE OR SUBSCRIPTION OF ANY SECURITIES IN THE COMPANY.\nPLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT. \nPrior to publication, this announcement contained inside information within the meaning of Article 7 of the EU Market Abuse Regulation 596/2014. With the publication of this announcement, this information is now considered to be in the public domain. \n \nYü Group PLC\n(the \"Group\" or \"Company\")\n \nPLACING BY WAY OF ACCELERATED BOOKBUILD TO RAISE £12 MILLION THROUGH THE ISSUE OF NEW ORDINARY SHARES \n \nYü Group PLC (AIM: YU.), the independent supplier of gas and electricity to the UK corporate sector, announces a proposed non pre-emptive placing of to raise £12.0 million through the issue of new ordinary shares of £0.005 each (\"Placing Shares\") in the share capital of the Company (the \"Placing\"). \nThe Placing is being conducted, subject to the satisfaction of certain conditions, through an accelerated bookbuild (the \"Bookbuild\"), which will be launched immediately following this announcement (the \"Announcement\"). Shore Capital Stockbrokers Limited (\"Shore Capital\") is acting as Sole Bookrunner in connection with the Placing.\n \nSummary of the Placing \n· Placing to raise £12.0 million by way of the Bookbuild which will open with immediate effect following this Announcement;\n· Price per Placing Share shall not be less than £10.0 and will be determined through the Bookbuild;\n· Shore Capital is acting as Sole Bookrunner in connection with the Placing;\n· The Placing is conditional on, inter alia, Admission (defined below) which is expected to occur on 21 March 2018;\n·&nb...