TIDMBILB
RNS Number : 5551T
Bilby PLC
15 November 2019
THIS ANNOUNCEMENT (INCLUDING THE APPIX) (TOGETHER, THE
"ANNOUNCEMENT") AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED
AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER
JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION
WOULD BE UNLAWFUL.
PLEASE SEE THE IMPORTANT NOTICE AT THE OF THIS ANNOUNCEMENT.
15 November 2019
Bilby Plc
("Bilby" or the "Company")
Result of Fundraise
Bilby plc (AIM: BILB) ("Bilby" or the "Company"), a leading gas
heating, electrical and building services provider, is pleased to
announce the completion of the fundraise announced yesterday. The
Company has conditionally raised an aggregate sum of approximately
GBP2.0 million by way of a placing (the "Placing") and a
subscription (the "Subscription") of 18,181,818 new Ordinary Shares
in the Company (the "New Shares"), at a price of 11 pence per share
(the "Issue Price"), (the Placing and the Subscription, together
the "Fundraise").
The New Shares were offered by way of an accelerated bookbuild.
Canaccord Genuity Limited ("Canaccord Genuity") acted as Nominated
Adviser, sole bookrunner and sole broker in relation to the
Placing.
Application has been made for Admission of the New Shares and it
is expected that Admission will become effective and that dealings
in the New Shares will commence at 8.00 a.m. on 20 November 2019.
The New Shares will rank pari passu in all respects with the
existing Ordinary Shares of the Company.
The total number of New Shares to be issued represents
approximately 44.85 per cent. of the Company's existing share
capital and approximately 30.96 per cent. of the Enlarged Share
Capital. The Issue Price represents a discount of approximately 52
per cent. to the closing mid-price of 23 pence on 14 November 2019,
being the last business day immediately prior to the announcement
of the Fundraise.
Directors Participation
Of the total Fundraise, the Company announces that certain of
the Directors (and their associates) as set out below ("Subscribing
Directors") have agreed to subscribe for an aggregate of 2,864,056
new Ordinary Shares at the Issue Price to raise approximately
GBP0.315 million as summarised below:
Directors Existing number Number of Total number Percentage of
of Ordinary New Shares* of Ordinary Enlarged Share
Shares* Shares following Capital
the Subscription*
Sangita Shah 53,966 454,545 508,511 0.87
---------------- ------------- ------------------- ----------------
David Bullen 0 1,136,785 1,136,785 1.94
---------------- ------------- ------------------- ----------------
Clive Lovett 0 454,545 454,545 0.77
---------------- ------------- ------------------- ----------------
Lee Venables 0 454,545 454,545 0.77
---------------- ------------- ------------------- ----------------
Chris Webster 705,482 363,636 1,069,118 1.82
---------------- ------------- ------------------- ----------------
Total 759,448 2,864,056 3,623,504 6.17
---------------- ------------- ------------------- ----------------
*Total number of shares held and to be held by the Directors and
their Persons Closely Associated ("PCAs").
Total Voting Rights
Following Admission on 20 November 2019, the issued share
capital of the Company will consist of 58,721,845 Ordinary Shares,
with one voting right each. The Company does not hold any shares in
treasury.
The above figure may be used by shareholders in the Company as
the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to
their interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.
David Bullen, Chief Executive Officer, said: "We would like to
thank shareholders for their support. The funds raised will provide
additional working capital to the Group and together with temporary
amendments to the financial covenants in the existing debt
facilities will provide us with additional time and flexibility to
agree new debt facilities with rebased financial covenants, a
process which may involve a further equity fundraising. The Board
remains confident in the Group's prospects."
For further information, please contact:
Bilby plc: Tel: +44 (0)20 7796 4133
Sangita Shah, Non-Executive Chair (via Hudson Sandler)
David Bullen, Chief Executive
Officer
Canaccord Genuity (Nominated Adviser Tel: +44 (0)20 7523 8000
and Joint Broker):
Bobbie Hilliam
Andrew Potts
Georgina McCooke
Sales:
Jonathan Barr
Stanford Capital Partners (Joint
Broker):
John Howes Tel: +44 (0) 203 815 8882
Bob Pountney Tel: +44 (0) 203 815 8883
Hudson Sandler (PR advisers) Tel: +44 (0) 20 7796 4133
Charlie Jack
Bertie Berger
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulation (EU) No 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
The person responsible for arranging the release of this
information is David Bullen, Chief Executive Officer of the
Company.
Terms used but not defined in this announcement shall have the
meanings given to such terms in the Announcement made earlier
today.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Sangita Shah and PCAs
--------------------------- ------------------------------------
2 Reason for the notification
-----------------------------------------------------------------
a) Position/status Non-Executive Chairman
--------------------------- ------------------------------------
b) Initial notification Initial
/Amendment
--------------------------- ------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------
a) Name Bilby Plc
--------------------------- ------------------------------------
b) LEI 213800JDWVCVYWS87928
--------------------------- ------------------------------------
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 of the Ordinary Shares of 10 pence each
financial instrument,
type of instrument
Identification code ISIN: GB00BV9GHQ09
b) Nature of the transaction Purchase of 454,545 Ordinary Shares
--------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
11p 454,545
==========
--------------------------- ------------------------------------
d) Aggregated information
- Aggregated volume 454,545
- Price 11p
- Total GBP50,000
e) Date of the transaction 14 November 2019
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
--------------------------- ------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Clive Lovett
--------------------------- ------------------------------------
2 Reason for the notification
-----------------------------------------------------------------
a) Position/status Group Finance Director
--------------------------- ------------------------------------
b) Initial notification Initial
/Amendment
--------------------------- ------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------
a) Name Bilby Plc
--------------------------- ------------------------------------
b) LEI 213800JDWVCVYWS87928
--------------------------- ------------------------------------
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 of the Ordinary Shares of 10 pence each
financial instrument,
type of instrument
Identification code ISIN: GB00BV9GHQ09
b) Nature of the transaction Purchase of 454,545 Ordinary Shares
--------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
11p 454,545
==========
--------------------------- ------------------------------------
d) Aggregated information
- Aggregated volume 454,545
- Price 11p
- Total GBP50,000
e) Date of the transaction 14 November 2019
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
--------------------------- ------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name David Bullen
-------------------------- -----------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status Chief Executive Officer
-------------------------- -----------------------------------------
b) Initial notification Initial
/Amendment
-------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name Bilby Plc
-------------------------- -----------------------------------------
b) LEI 213800JDWVCVYWS87928
-------------------------- -----------------------------------------
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 of the Ordinary Shares of 10 pence each
financial instrument,
type of instrument
Identification code ISIN: GB00BV9GHQ09
b) Nature of the transaction Purchase of 1,136,783 Ordinary Shares
-------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
11p 1,136,785
==========
-------------------------- -----------------------------------------
d) Aggregated information
- Aggregated volume 1,136,785
- Price 11p
- Total GBP125,046
e) Date of the transaction 14 November 2019
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
-------------------------- -----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Lee Venables and PCAs
-------------------------- -----------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status Chief Operating Officer
-------------------------- -----------------------------------------
b) Initial notification Initial
/Amendment
-------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name Bilby Plc
-------------------------- -----------------------------------------
b) LEI 213800JDWVCVYWS87928
-------------------------- -----------------------------------------
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 of the Ordinary Shares of 10 pence each
financial instrument,
type of instrument
Identification code ISIN: GB00BV9GHQ09
b) Nature of the transaction Purchase of 454,545 Ordinary Shares
-------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
11p 454,545
==========
-------------------------- -----------------------------------------
d) Aggregated information
- Aggregated volume 454,545
- Price 11p
- Total GBP50,000
e) Date of the transaction 14 November 2019
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
-------------------------- -----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Chris Webster and PCAs
-------------------------- -----------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status Executive Director
-------------------------- -----------------------------------------
b) Initial notification Initial
/Amendment
-------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name Bilby Plc
-------------------------- -----------------------------------------
b) LEI 213800JDWVCVYWS87928
-------------------------- -----------------------------------------
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 of the Ordinary Shares of 10 pence each
financial instrument,
type of instrument
Identification code ISIN: GB00BV9GHQ09
b) Nature of the transaction Purchase of 363,636 Ordinary Shares
-------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
11p 363,636
==========
-------------------------- -----------------------------------------
d) Aggregated information
- Aggregated volume 363,636
- Price 11p
- Total GBP40,000
e) Date of the transaction 14 November 2019
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
-------------------------- -----------------------------------------
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
MSCGGGQAGUPBUMA
(END) Dow Jones Newswires
November 15, 2019 03:02 ET (08:02 GMT)
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