Business
Confirmation of successful fundraising of £7.4m
Confirmation of successful fundraising of £7.4m.
About this update from Zoo Digital Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0347U\n Zoo Digital Group PLC\n 31 March 2021\n \n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (COLLECTIVELY, THE \"UNITED STATES\"), AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL. FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION. THIS ANNOUNCEMENT HAS NOT BEEN APPROVED BY THE LONDON STOCK EXCHANGE, NOR IS IT INTENDED THAT IT WILL BE SO APPROVED. \n \n \n This Announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 as retained as part of UK law by virtue of the European Union (Withdrawal) Act 2018 as amended. Upon the publication of this Announcement, this inside information is now considered to be in the public domain.\n \n \n 31 March 2021 \n \n \n ZOO Digital Group plc \n \n \n \n \n \n (\"ZOO\", the \"Group\" or the \"Company\") \n \n \n \n \n \n \n Confirmation of successful fundraising of \n \n \n £\n \n \n 7.4 \n \n \n million ($\n \n \n 10.3\n \n \n \n million)\n \n \n \n ZOO Digital Group plc (AIM: ZOO), \n announces that the fundraise, further details of which are contained in the Company's announcement on \n \n 30 \n \n March 2021 (the \"Fundraise Launch Announcement\"), has now closed. The Company has raised gross proceeds of £\n \n 7.4 \n \n million ($10.3 million) through the oversubscribed placing of 7,454,727 Ordinary Shares (the \"New Ordinary Shares\") with certain existing and new institutional and other investors at a price of \n 100 \n pence per New Ordinary Share (the \"Issue Price\"). \n \n \n Expected timetable\n \n \n \n \n \n Admission and Settlement of the New Ordinary Shares to trading on AIM\n \n \n \n \n \n by 8:00 am on \n \n \n 6 \n \n \n April 2021\n \n \n \n \n \n \n \n \n \n Total voting rights\n \n \n Following admission of the New Ordinary Shares the number of Ordinary Shares in issue will be 82,291,998. There are no Ordinary Shares held in tre...