Harwood Wealth Management Group PLC Result of General Meeting (5779C)
April 18 2017 - 4:30AM
UK Regulatory
TIDMHW.
RNS Number : 5779C
Harwood Wealth Management Group PLC
18 April 2017
18 April 2017
Harwood Wealth Management Group plc
("Harwood" or the "Company")
Result of general meeting
Director's holdings
and
total voting rights
Result of general meeting
On 30 March 2017 Harwood (AIM: HW.), a leading UK based
financial planning and discretionary wealth management group,
announced that it had conditionally raised net proceeds of GBP10
million through the successful placing of 6,954,000 shares at a
price of 150 pence per new share (the "Placing"). The Placing was
arranged by N+1 Singer.
The net proceeds of the Placing (being approximately GBP10
million) will be used principally to finance new acquisitions.
In conjunction with the Placing, Neil Dunkley (Joint Chief
Executive Officer), Sian Dunkley (Neil Dunkley's wife) and Mark
Howard (Chief Commercial Officer) (together the "Selling
Shareholders"), conditionally agreed to sell 1,333,000 existing
shares at the same price as the Placing (the "Share Sale"). The
Selling Shareholders also agreed to a 12 month lock-in in respect
of their remaining shares.
The Company is pleased to announce that at the general meeting
held earlier today all resolutions proposed were passed and
accordingly both the Placing and Share Sale will complete upon
admission of the 6,954,000 new shares to trading on AIM expected on
or around 19 April 2017 ("Admission").
Total voting rights
Following Admission the number of ordinary shares of 0.25p each
in the capital of the Company in issue and number of voting rights
will be 62,542,927. There are no shares held in treasury. The above
figure may be used by shareholders as the denominator for the
calculations by which they will determine whether they are required
to notify their interest in, or a change to their interest in, the
Company under the Financial Conduct Authority's Disclosure and
Transparency Rules.
Directors' interests
Immediately following Admission, the Selling Shareholders will
together hold an aggregate of 20,066,012 Ordinary Shares,
representing 32.08 per cent. of the Enlarged Share Capital, as set
out in the table below:
Number Number Percentage
of Sale of Ordinary of Enlarged
Shares Shares Share Capital
post Admission post Admission
Neil Dunkley* 333,250 6,893,856 11.02%
Mark Howard 666,500 10,033,006 16.04%
* Neil Dunkley is married to Sian Dunkley. Sian Dunkley is also
selling 333,250 of the Sale Shares and will hold 3,139,150 Ordinary
Shares representing 5.02 per cent. of the Enlarged Share Capital
following Admission.
Enquiries:
Harwood Wealth Management Group +44 (0) 23
plc 9252 2004
Neil Dunkley, Joint Chief Executive
Officer
Alan Durrant, Joint Chief Executive
Officer
+44 (0) 20
N+1 Singer 7496 3000
Alex Price/Alex Laughton-Scott
+44 (0)20 8004
Alma PR 4218
Josh Royston/Robyn Fisher/John Coles
This information is provided by RNS
The company news service from the London Stock Exchange
END
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