Haydale Graphene Industries PLC Issue of Shares (6252D)
April 28 2017 - 1:01AM
UK Regulatory
TIDMHAYD
RNS Number : 6252D
Haydale Graphene Industries PLC
28 April 2017
The information contained within this announcement is deemed by
the Group to constitute inside information as stipulated under the
Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the
publication of this announcement via a Regulatory Information
Service ("RIS"), this inside information is now considered to be in
the public domain.
For immediate release 28 April 2017
Haydale Graphene Industries plc
('Haydale' or the 'Company')
Issue of Shares
Haydale (AIM:HAYD), the global nanomaterials group, announces
that it has received approximately GBP0.47 million, this being the
final tranche of the aggregate strategic investment of GBP3.6
million pursuant to the Subscription Agreement with Everpower
announced on 3 February 2017. Accordingly, application has been
made for 275,482 ordinary shares of 2 pence each in the Company
('Ordinary Shares') ('Final Tranche Shares') to be admitted to
trading on AIM, with admission expected to occur on or around 2 May
2017 ('Admission').
Ray Gibbs, CEO of Haydale, said: "We are delighted that the
Subscription Agreement has now completed and we can now commence
negotiations on the exclusive binding collaboration agreement with
Everpower to manufacture, supply and market existing Haydale
products and develop nanomaterials and new graphene products for
the Chinese market."
As stated when the Subscription Agreement was announced, it was
the intention of Everpower and the Company that Everpower would
maintain a holding of 9.9 per cent. in the issued share capital of
the Company. The issue of the Final Tranche Shares to Everpower
would increase Everpower's interest in the Company to more than
10.0 per cent. Accordingly, Everpower has today informed the
Company that it has sold 150,559 Ordinary Shares to a non-related
third party such that, following Admission, Everpower's beneficial
interest in Haydale will be 1,958,451 Ordinary Shares, representing
approximately 9.9 per cent. of the Company.
Unless otherwise stated, defined terms are set out in the
Subscription Agreement announcement issued on 3 February 2017 and
the Issue of Shares announcement issued on 31 March 2017.
The 275,482 new Ordinary Shares will be credited as fully paid
and will rank pari passu with the Company's existing Ordinary
Shares. Following Admission, the total number of voting rights in
the Company will be 19,584,713 Ordinary Shares and shareholders may
use this figure as the denominator for the calculations by which
they will determine if they are required to notify their interest
in, or change to their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.
- Ends -
For further information:
Haydale Graphene Industries
plc
Ray Gibbs, Chief Executive Tel: +44 (0) 1269 842
Officer 946
Matt Wood, Finance Director www.haydale.com
Trevor Phillips, Head
of Communications
Cairn Financial Advisers
LLP (Nominated Adviser)
Tony Rawlinson / Emma Tel: +44 (0) 20 7213
Earl 0880
Cantor Fitzgerald Europe
(Broker)
David Foreman / Will Goode Tel: +44 (0) 20 7894
(Corporate Finance) 7000
David Banks / Mark Westcott
(Sales)
Media enquiries:
Buchanan
Henry Harrison-Topham / Tel: +44 (0) 20 7466
Jamie Hooper 5000
haydale@buchanan.uk.com www.buchanan.uk.com
Notes to Editors
Haydale is a global technologies and materials group that
facilitates the integration of nanomaterials into the next
generation of commercial technologies and industrial materials.
With expertise in graphene, silicon carbide and other
nanomaterials, Haydale is able to deliver improvements in
electrical, thermal and mechanical properties, as well as
toughness. Haydale has granted patents for its technologies in
Europe, USA and China and operates from four facilities in the UK,
USA and the Far East.
For more information please visit:
www.haydale.com
Twitter: @haydalegraphene
This information is provided by RNS
The company news service from the London Stock Exchange
END
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