Cabot Energy PLC Result of Open Offer (0656C)
January 17 2018 - 1:00AM
UK Regulatory
TIDMCAB
RNS Number : 0656C
Cabot Energy PLC
17 January 2018
Prior to publication, the information contained within this
announcement was deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014 ("MAR"). With the publication of this announcement,
this information is now considered to be in the public domain.
Cabot Energy Plc
("Cabot Energy", the "Group" or the "Company")
Result of Open Offer
Cabot Energy (AIM: CAB) announces the results of the recent Open
Offer undertaken at a price of 5 pence per share, on the basis of
one Open Offer Share for every eight Existing Ordinary Shares.
The Open Offer closed for acceptances at 11:00 a.m. on 16
January 2018 and the Company announces that it has received valid
acceptances in respect of 21,634,406 Open Offer Shares from
Qualifying Shareholders, representing 54.8 per cent. of the
available Open Offer Shares. The Company has therefore raised
aggregate gross proceeds of GBP1,081,720.30 through the Open Offer.
Qualifying Shareholders who have validly applied for Open Offer
Shares will receive their full Open Offer application.
Application has been made for the 21,634,406 Open Offer Shares
to be admitted to trading on AIM ("Admission"). It is expected that
Admission will become effective at 08:00 a.m. on 18 January
2018.
Following the issue of the Open Offer Shares, Cabot Energy will
have 648,459,524 ordinary shares of 1p each in issue, which will
also represent the total number of voting rights in the Company.
This figure should be used by shareholders as the denominator for
the calculations by which they will determine if they are required
to notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency
Rules.
Capitalised terms used in this announcement shall have the
meaning ascribed to them in the circular that was sent to
shareholders on 19 December 2017 unless the context otherwise
requires.
For further information please contact:
+44 (0)20
Cabot Energy Plc 7469 2900
Keith Bush, Chief Executive Officer
Nick Morgan, Finance Director
+44 (0)20
SP Angel Corporate Finance LLP 3470 0470
Nominated Adviser and Joint Broker
Richard Morrison, Richard Redmayne,
Charlie Bouverat
+44 (0)20
FTI Consulting 3727 1000
Financial PR
Edward Westropp
This information is provided by RNS
The company news service from the London Stock Exchange
END
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