TIDMIKA
RNS Number : 3695U
Ilika plc
11 July 2018
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS NOT
FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,
IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA,
CANADA, JAPAN, OR REPUBLIC OF SOUTH AFRICA OR ANY OTHER
JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.
This announcement does not constitute a prospectus or offering
memorandum or an offer in respect of any securities and is not
intended to provide the basis for any investment decision in
respect of Ilika Plc or other evaluation of any securities of Ilika
Plc or any other entity and should not be considered as a
recommendation that any investor should subscribe for or purchase
any such securities.
Ilika Plc
("Ilika", the "Company" or the "Group")
Posting of Open Offer Circular
Ilika plc, the advanced solid-state battery technology and
materials innovation company ("Ilika", the "Company" or, together
with its subsidiary undertakings, the "Group"), is pleased to
announce that, further to its announcement earlier today, it has
today posted a circular (the "Circular") to Qualifying Shareholders
regarding an Open Offer of approximately GBP1.0 million.
All capitalised terms in this announcement have the same
meanings as those given to them in the Circular, unless the context
otherwise requires.
The Open Offer is being made to Qualifying Shareholders on the
register as at the Record Date, being close of business on 10 July
2018, for up to 5,058,240 Open Offer Shares at 20 pence per Open
Offer Share (being the same price as the Issue Price for the
Placing) on the basis of:
2 Open Offer Shares for every 31 Existing Ordinary Shares
Qualifying Shareholders are also being given the opportunity,
provided that they take up their Open Offer Entitlements in full,
to apply for additional Open Offer Shares through an Excess
Application Facility.
Full details of the Open Offer, including terms and conditions
and details on how to accept the Open Offer, are set out in the
Circular, which will be posted to Qualifying Shareholders
today.
Application has been made for the Open Offer Shares to be
admitted to trading on the AIM Market of the London Stock Exchange
("Admission"), and it is expected that Admission will become
effective and that dealings will commence in the Open Offer Shares
at 8.00 a.m. on 30 July 2018.
Following the issue of the Open Offer Shares (assuming full
take-up under the Open Offer), the enlarged ordinary share capital
of the Company will be 103,685,633 Ordinary Shares.
The Circular has also been made available today on the Company's
website www.ilika.com and a video produced by the Company has been
uploaded to http://bit.ly/IKA_July18.
EXPECTED TIMETABLE OF PRINCIPAL EVENTS
2018
Record Date for entitlement under the Open 5.00 p.m. on 10
Offer July
Ex-Entitlement Date 11 July
Posting of this circular and, to Qualifying 8.00 a.m. on 11
non-CREST shareholders only, the Application July
Forms
Open Offer Entitlements and Excess CREST Open 8.00 a.m. on 12
Offer Entitlements credited to stock accounts July or as soon
in CREST of Qualifying CREST Shareholders as possible thereafter
Latest recommended time and date for requesting 4.30 p.m. on 19
withdrawal of Open Offer Entitlements and Excess July
CREST Open Offer Entitlements from CREST
Latest time for depositing Open Offer Entitlements 3.00 p.m. on 23
and Excess CREST Open Offer Entitlements into July
CREST
Latest time and date for splitting Application 3.00 p.m. on 24
Forms (to satisfy bona fide market claims) July
Latest time and date for receipt of completed 11.00 a.m. on 26
Application Forms and payment in full from July
Qualifying Shareholders under the Open Offer
or settlement of relevant CREST instruction
(as appropriate)
Open Offer Admission effective and dealings 8.00 a.m. on 30
in the Open Offer Shares expected to commence July
on AIM
Expected date for crediting of the Open Offer 30 July
Shares in uncertificated form to CREST stock
options
Expected date of dispatch of share certificates By 2 August
in respect of the Open Offer Shares
The dates set out in the Expected Timetable of Principal Events
above and mentioned in the Circular may be adjusted by Ilika in
which event details of the new dates will be notified via an RIS
and, where appropriate, to Shareholders.
All references to time are to the time in London, England.
S
www.ilika.com
For more information contact:
Ilika plc
Graeme Purdy, Chief Executive Tel: 023 8011 1400
Steve Boydell, Finance
Director
Liberum Capital Limited Tel: 020 3100 2000
Neil Elliot, Jill Li,
Trystan Cullen, William
Hall
Walbrook PR Ltd Tel: 020 7933 8780 / ilika@walbrookpr.com
Paul Cornelius Mob: 07866 384 707
Lianne Cawthorne Mob: 07584 391 303
NOTES TO EDITORS
IMPORTANT INFORMATION
This Announcement contains (or may contain) certain
forward-looking statements with respect to certain of the Company's
plans and its current goals and expectations relating to its future
financial condition and performance and which involve a number of
risks and uncertainties. The Company cautions readers that no
forward-looking statement is a guarantee of future performance and
that actual results could differ materially from those contained in
the forward-looking statements. These forward-looking statements
can be identified by the fact that they do not relate only to
historical or current facts. Forward-looking statements sometimes
use words such as "aim", "anticipate", "target", "expect",
"estimate", "intend", "plan", "goal", "believe", or other words of
similar meaning. By their nature, forward-looking statements
involve risk and uncertainty because they relate to future events
and circumstances, including, but not limited to, economic and
business conditions, the effects of continued volatility in credit
markets, market-related risks such as changes in the price of
commodities or changes in interest rates and foreign exchange
rates, the policies and actions of governmental and regulatory
authorities, changes in legislation, the further development of
standards and interpretations under International Financial
Reporting Standards (IFRS) applicable to past, current and future
periods, evolving practices with regard to the interpretation and
application of standards under IFRS, the outcome of pending and
future litigation or regulatory investigations, the success of
future explorations, acquisitions and other strategic transactions
and the impact of competition. A number of these factors are beyond
the Company's control. As a result, the Company's actual future
results may differ materially from the plans, goals, and
expectations set forth in the Company's forward-looking statements.
Any forward-looking statements made in this Announcement by or on
behalf of the Company speak only as of the date they are made.
Except as required by the Financial Conduct Authority (the FCA),
the London Stock Exchange or applicable law, the Company expressly
disclaims any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statements contained in
this Announcement to reflect any changes in the Company's
expectations with regard thereto or any changes in events,
conditions or circumstances on which any such statement is
based.
This Announcement is for information purposes only and shall not
constitute an offer to buy, sell, issue, or subscribe for, or the
solicitation of an offer to buy, sell, issue, or subscribe for any
securities, nor shall there be any sale of securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
This Announcement has been issued by and is the sole
responsibility of the Company. 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
Liberum Capital Limited or by any of its 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.
Liberum Capital Limited, which is authorised and regulated in
the United Kingdom by the FCA, is acting for the Company and for
no-one else in connection with the Capital Raising, and will not be
responsible to anyone other than the Company for providing the
protections afforded to its customers or for providing advice to
any other person in relation to the Capital Raising or any other
matter referred to herein.
The distribution of this Announcement and the offering of the
Open Offer Shares in certain jurisdictions may be restricted by
law. No action has been taken by the Company or Liberum Capital
Limited that would permit an offering of such shares or possession
or distribution of this Announcement or any other offering or
publicity material relating to such shares in any jurisdiction
where action for that purpose is required. Persons into whose
possession this Announcement comes are required by the Company and
Liberum Capital Limited to inform themselves about, and to observe
such restrictions.
Persons (including, without limitation, nominees and trustees)
who have a contractual or other legal obligation to forward a copy
of the Appendix or this Announcement should seek appropriate advice
before taking any action.
The Placing Shares to which this Announcement relates may be
illiquid and / or subject to restrictions on their resale.
Prospective purchasers of the Open Offer Shares should conduct
their own due diligence on the Open Offer Shares. If you do not
understand the contents of this Announcement you should consult an
authorised financial adviser.
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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