TIDMEYE
RNS Number : 4057G
Eagle Eye Solutions Group PLC
26 May 2017
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE
UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, THE
REPUBLIC OF IRELAND, NEW ZEALAND OR JAPAN OR ANY OTHER JURISDICTION
IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL. THIS ANNOUNCEMENT HAS NOT BEEN APPROVED BY THE LONDON
STOCK EXCHANGE, NOR IS IT INTENDED THAT IT WILL BE SO APPROVED.
26 May 2017
Eagle Eye Solutions Group PLC
("Eagle Eye" or the "Company")
Update on Placing
Eagle Eye (AIM: EYE), the SaaS technology company that validates
and redeems digital promotions in real-time for the grocery, retail
and hospitality industries, is pleased to confirm that following
its announcement released earlier today 2,666,667 Ordinary Shares
have been conditionally placed by Investec Bank plc with certain
institutional and other investors at a price of 225.0 pence per
Placing Share to raise approximately GBP6.0 million (before
expenses).
The Company confirms that each of the Directors and PDMRs have
participated in the Placing as set out in the Company's
announcement released earlier today.
The Placing remains conditional on, inter alia, the passing of
the Resolutions which are to be proposed at a General Meeting of
the Company to be held on 12 June 2017 and Admission taking place
on 13 June 2017 (or such later time as the Company and Investec may
agree, being not later than 30 June 2017).
Capitalised terms used in the announcement released earlier
today in relation to the Placing shall have the same meanings in
this announcement.
Expected Timetable of Principal Events
2017
Last time and date for receipt 9.30 a.m. on 8
of Proxy Forms and CREST Proxy June
Instructions
General Meeting 9.30 a.m. on 12
June
Admission and dealings in the 8.00 a.m. on 13
Placing Shares expected to June
commence on AIM
Where applicable, expected 13 June
date for CREST accounts to
be credited for Placing Shares
in uncertificated form
Where applicable, expected by 27 June
date for despatch of definitive
share certificates in respect
of Placing Shares in certificated
form
For further information, please contact:
+44 (0)844 824
Eagle Eye Solutions Group PLC 3686
Tim Mason, Chief Executive Officer
Lucy Sharman-Munday, Chief Financial
Officer
Investec (Nominated Adviser and +44 (0)20 7597
Broker) 5970
Dominic Emery / David Anderson,
Corporate Finance
Matt Lewis / Rob Baker, Corporate
Broking
+44 (0)20 7796
Hudson Sandler 4133
Nick Lyon / Alex Brennan / Hattie
O'Reilly
Notes:
1. References to times in this announcement are to London time
(unless otherwise stated).
2. The dates and timing of the events in the above timetable and
in the rest of this announcement are indicative only and may be
subject to change.
3. If any of the above times or dates should change, the revised
times and/or dates will be notified by an announcement through a
Regulatory Information Service.
Information on Eagle Eye
www.eagleeye.com
Eagle Eye is a leading SaaS technology company that securely
validates and redeems digital promotions in real-time for the
grocery, retail and hospitality industries.
The Company's digital marketing platform, Eagle Eye AIR, enables
the secure, real-time, multi-channel issuance, management and
redemption of digital promotions and rewards, replacing previously
used paper-based methods. Our Eagle Eye platform creates a network
effect between merchants, distributors and brands enabling stronger
connections and value to all parties. Through our four products we
enable brands and merchants to reduce cost, improve their customer
offer and accelerate their innovation.
The Company's current customer base includes leading names in UK
grocery, retail and hospitality including Asda, J Sainsbury,
Greggs, JD Sports, Ladbrokes, Marks & Spencer, Mitchells &
Butlers, Pizza Express, Tesco and Thomas Pink.
This announcement should be read in its entirety. In particular,
you should read and understand the information provided in the
"Important Notices" section below.
IMPORTANT NOTICES
This announcement is not an offer of securities for sale, or
solicitation of an offer to purchase securities, in the United
States. The Placing Shares have not been and will not be registered
under the United States Securities Act of 1933, as amended (the "US
Securities Act") or with any securities regulatory authority of any
state or jurisdiction of the United States, and may not be offered,
sold or transferred, directly or indirectly, in the United States
unless the Placing Shares are registered under the US Securities
Act or pursuant to an exemption from, or in a transaction not
subject to, the registration requirements of the US Securities Act,
in each case in compliance with any applicable securities laws of
any state or other jurisdiction of the United States. There will be
no public offering of the Placing Shares in the United States.
Investec Bank plc is authorised by the Prudential Regulatory
Authority and regulated in the United Kingdom by the Prudential
Regulation Authority and the Financial Conduct Authority and is
acting exclusively for the Company and no one else in connection
with the Placing and will not be responsible to anyone (including
any Placees) other than the Company for providing the protections
afforded to its clients or for providing advice in relation to the
Placing or any other matters referred to in this announcement.
No representation or warranty, express or implied, is or will be
made as to, or in relation to, and no responsibility or liability
is or will be accepted by Investec or by any of its respective
affiliates or agents as to, or in relation to, the accuracy or
completeness of this announcement or any other written or oral
information made available to or publicly available to any
interested party or its advisers, and any liability therefore is
expressly disclaimed.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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May 26, 2017 08:24 ET (12:24 GMT)
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