TIDMHSS
RNS Number : 8356H
HSS Hire Group PLC
08 December 2020
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF EU REGULATION 596/2014.
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RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION,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
AUSTRALIA, CANADA, JAPAN, THE UNITED STATES OR ANY OTHER
JURISDICTION WHERE TO DO SO WOULD BREACH ANY APPLICABLE LAW OR
REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS
ANNOUNCEMENT.
FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND
IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.
8 December 2020
HSS Hire Group plc
("HSS Hire" or the "Company")
Admission of New Shares
HSS Hire today announces that, pursuant to the Capital Raise
announced 26 October 2020 and the publication of the combined
circular and prospectus on 16 November 2020 (the " Prospectus "),
526,270,512 New Shares at a price of 10 pence each will be admitted
to listing on the premium listing segment of the Official List of
the Financial Conduct Authority and will be admitted to trading on
London Stock Exchange plc's Main Market for listed securities at
8.00 a.m. today.
All capitalised terms used in this announcement but not defined
herein have the meaning given to them in the Prospectus.
For further information, please contact:
HSS Hire Group plc Tel: 020 3757 9248
Steve Ashmore, Chief Executive Officer Please email: Investors@hsshire.com
Paul Quested, Chief Financial Officer
Greig Thomas, Head of Group Finance
Numis Securities Tel: 020 7260 1000
Stuart Skinner
George Price
George Shiel
Teneo Tel: 07785 528363 / 07557
491860
Matt Thomlinson
Tom Davies
The person responsible for releasing this announcement is Daniel
Joll, Company Secretary.
HSS Hire Group plc LEI: 2138004DGL1J6VQO6S92
Important notices
This announcement has been issued by and is the sole
responsibility of the Company. The information contained in this
announcement is for background purposes only and does not purport
to be full or complete. No reliance may or should be placed by any
person for any purpose whatsoever on the information contained in
this announcement or on its accuracy or completeness. The
information in this announcement is subject to change.
This announcement does not constitute a recommendation
concerning any investor's options with respect to the Capital
Raise. The price and value of securities can go down as well as up.
Past performance is not a guide to future performance. The contents
of this announcement are not to be construed as legal, business,
financial or tax advice. Each shareholder or prospective investor
should consult his, her or its own legal adviser, business adviser,
financial adviser or tax adviser for legal, financial, business or
tax advice.
Numis Securities Limited ("Numis") is authorised and regulated
in the United Kingdom by the Financial Conduct Authority. Numis is
acting exclusively for the Company and is acting for no one else in
connection with the Capital Raise and will not regard any other
person as a client in relation to the Capital Raise and will not be
responsible to anyone other than the Company for providing the
protections afforded to its clients, nor for providing advice in
connection with the Capital Raise or any other matter, transaction
or arrangement referred to in this announcement.
Apart from the responsibilities and liabilities, if any, which
may be imposed on Numis by the Financial Services and Markets Act
2000 (as amended) or the regulatory regime established thereunder,
or under the regulatory regime of any jurisdiction where exclusion
of liability under the relevant regulatory regime would be illegal,
void or unenforceable, neither Numis, nor any of its affiliates,
directors, officers, employees or advisers, accepts any
responsibility whatsoever for, or makes any representation or
warranty, express or implied, as to the contents of this
announcement, including its accuracy, completeness or verification,
or for any other statement made or purported to be made by it, or
on its behalf, in connection with the Company, the New Shares, the
Capital Raise or Admission. Numis and its affiliates, directors,
officers, employees and advisers accordingly disclaim to the
fullest extent permitted by law any and all liability whatsoever,
whether arising in tort, contract or otherwise, which they might
otherwise have in respect of this announcement or any such
statement.
Copies of the Prospectus are available on the Company's website
at www.hsshiregroup.com . Neither the content of the Company's
website nor any website accessible by hyperlinks on the Company's
website is incorporated in, or forms part of, this announcement.
The Prospectus provides further details of the New Shares being
offered pursuant to the Capital Raise.
This announcement does not contain or constitute an offer for
sale or the solicitation of an offer to purchase securities in the
United States. The securities referred to herein have not been and
will not be registered under the US Securities Act of 1933 (the
"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 or into
the United States absent registration under the Securities Act or
an available exemption from, or as part of a transaction not
subject to the registration requirements of the Securities Act and
in each case, compliance with any applicable securities laws of any
state or other jurisdiction of the United States. No public
offering of the securities referred to herein is being made in the
United States. No money, securities or other consideration from any
person inside the United States is being solicited and, if sent in
response to the information contained in this Announcement, will
not be accepted.
Information for Distributors
Solely for the purposes of the product governance requirements
contained within: (a) EU Directive 2014/65/EU on markets in
financial instruments, as amended ("MiFID II"); (b) Articles 9 and
10 of Commission Delegated Directive (EU) 2017/593 supplementing
MiFID II; and (c) local implementing measures (together, the "MiFID
II Product Governance Requirements"), and disclaiming all and any
liability, whether arising in tort, contract or otherwise, which
any "manufacturer" (for the purposes of the MiFID II Product
Governance Requirements) may otherwise have with respect thereto,
the New Shares have been subject to a product approval process,
which has determined that they are: (i) compatible with an end
target market of retail investors and investors who meet the
criteria of professional clients and eligible counterparties, each
as defined in MiFID II; and (ii) eligible for distribution through
all distribution channels as are permitted by MiFID II (the "Target
Market Assessment"). Notwithstanding the Target Market Assessment,
distributors should note that: the price of the New Shares may
decline and investors could lose all or part of their investment;
the New Shares offer no guaranteed income and no capital
protection; and an investment in the New Shares is compatible only
with investors who do not need a guaranteed income or capital
protection, who (either alone or in conjunction with an appropriate
financial or other adviser) are capable of evaluating the merits
and risks of such an investment and who have sufficient resources
to be able to bear any losses that may result therefrom. The Target
Market Assessment is without prejudice to the requirements of any
contractual, legal or regulatory selling restrictions in relation
to the Capital Raise.
For the avoidance of doubt, the Target Market Assessment does
not constitute: (a) an assessment of suitability or appropriateness
for the purposes of MiFID II; or (b) a recommendation to any
investor or group of investors to invest in, or purchase, or take
any other action whatsoever with respect to the New Shares. Each
distributor is responsible for undertaking its own target market
assessment in respect of the New Shares and determining appropriate
distribution channels.
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END
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