TIDMIIG
RNS Number : 2620D
Intuitive Investments Group plc
02 March 2022
Intuitive Investments Group plc
Subscription to raise GBP607,000 at 22p including Directors'
participation of GBP432,000
Intuitive Investments Group plc (AIM: IIG) ("IIG" or the
"Company"), a closed-end investment company focussed on the life
sciences sector, further to the announcement of 25 February 2022,
announces the completion of the subscription of new ordinary shares
of 1 penny each in the share capital of the Company ("Ordinary
Shares").
The Company has raised GBP607,000 by the issue of 2,759,091 new
Ordinary Shares (the "Subscription Shares") at a price of 22 pence
per Subscription Share (the "Subscription") .
The subscription price of 22 pence represents a premium of 33.3%
to the closing mid-market price of 16.5 pence per Ordinary Share on
24 February 2022, being the date before the announcement of,
amongst other things, the Subscription.
Directors' participation
The Subscription includes the participation of certain of IIG's
Directors and David Evans who have subscribed in aggregate for
1,963,635 Subscription Shares, raising GBP432,000 of the GBP607,000
gross proceeds of the Subscription as summarised below.
Participating Number of Amount subscribed Number of Number of Percentage
Director(*) Existing in the Subscription Subscription Ordinary of IIG's
Ordinary Shares subscribed Shares following share capital
Shares for the Subscription enlarged
by the Subscription
and First
Tranche
Consideration
Shares
Julian Baines
(Chairman) 22,624 GBP50,000 227,272 249,896 0.38%
---------- --------------------- ------------------- ------------------ ---------------------
David Evans 5,000,000 GBP132,000 600,000 5,600,000 8.51%
---------- --------------------- ------------------- ------------------ ---------------------
Robert Naylor
(CEO) 1,250,000 GBP250,000 1,136,363 2,386,363 3.63%
---------- --------------------- ------------------- ------------------ ---------------------
Admission and Total Voting Rights
Application has been made for the admission of Subscription
Shares to trading on AIM and dealings are expected to commence at
8.00 a.m. on or around 4 March 2021.
Immediately following the admission of the Subscription Shares
and the 22,589,352 First Tranche Consideration Shares (the
"Admission"), the Company's enlarged share capital will comprise
65,790,267 Ordinary Shares.
Each Ordinary Share has one voting right and no Ordinary Shares
are held in treasury. Accordingly, immediately following Admission,
the total number of voting rights will be 65,790,267. From
Admission, this figure may be used by Shareholders as the
denominator for the calculation 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.
Defined terms used in this Announcement carry the same meanings
as those ascribed to them in the Company's Announcement of 25
February 2022, unless the context requires otherwise.
For further information, please contact:
Intuitive Investments Group plc www.iigplc.com
Julian Baines, Non-Executive Chairman Via Walbrook PR
Robert Naylor, CEO
SP Angel Corporate Finance LLP -
Nominated Adviser +44 (0) 20 3470 0470
Jeff Keating / David Hignell / Kasia
Brzozowska
Turner Pope Investments (TPI) Ltd
- Broker +44 (0) 20 3657 0050
Andrew Thacker / James Pope
Walbrook PR Limited - Media & Investor +44 (0)20 7933 8780 or intuitive@walbrookpr.com
Relations
+44 (0) 7980 541 893 / +44 (0)
Paul McManus/ Sam Allen 7502 558 258
About Intuitive Investments Group plc
The Company is an investment company seeking to provide
investors with exposure to a portfolio concentrating on fast
growing and/or high potential Life Sciences businesses operating
predominantly in the UK, continental Europe and the US, utilising
the Board's experience and in particular that of the chairman of
the Investment Committee, David Evans, to seek to generate capital
growth over the long term for shareholders.
Dealings by Persons Discharging Managerial Responsibilities
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name 1) Julian Baines
2) David Evans
3) Robert Naylor
----------------------- ---------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status 1) Chairman
2) Chair of the Investment Committee
3) CEO
----------------------- ---------------------------------------------
b) Initial notification Initial Notification
/Amendment
----------------------- ---------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Intuitive Investments Group plc
----------------------- ---------------------------------------------
b) LEI 2138004A32UIY92WWR66
----------------------- ---------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
----------------------------------------------------------------------
a) Description ordinary shares of 1p each
of the financial
instrument,
type of instrument
Identification ISIN: GB00BNGFMW59
code
b) Nature of Participation in Placing
the transaction
----------------------- ---------------------------------------------
c) Price(s) 1. Price(s) Volume(s)
and volume(s) 22.0 pence 227,272
----------
2. Price(s) Volume(s)
22.0 pence 600,000
----------
3. Price(s) Volume(s)
22.0 pence 1,136,363
----------
----------------------- -------------------------------------------
d) Aggregated
information
- Aggregated
volume 1,963,635
- Price 22.0 pence
e) Date of the 28 February 2022
transactions
----------------------- ---------------------------------------------
f) Place of Outside a trading venue
the transaction
----------------------- ---------------------------------------------
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END
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