TIDMKMK
RNS Number : 7002A
Kromek Group PLC
25 May 2023
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
The Market Abuse Regulation (EU 596/2014) pursuant to The Market
Abuse (Amendment) (EU Exit) Regulations 2018 . Upon the publication
of this announcement via a Regulatory Information Service ("RIS"),
this inside information is now considered to be in the public
domain.
Not for publication, distribution or release directly or
indirectly, in whole or in part, in or into the United States of
America, Canada, Russia, Australia, Japan, the Republic of Ireland,
the Republic of South Africa, New Zealand, Cayman Islands,
Barbados, Switzerland, the State of Kuwait or Singapore in or into
any other jurisdiction where offers or sales would be prohibited by
applicable law. This announcement is for information purposes only
and is not an offer to sell or a solicitation to buy securities in
Kromek Group plc or any other entity in any jurisdiction, including
the United States of America, Canada, Russia, Australia, Japan, the
Republic of Ireland, the Republic of South Africa, New Zealand,
Cayman Islands, Barbados, Switzerland, the State of Kuwait or
Singapore.
Kromek Group plc
("Kromek", the "Company" or the "Group")
Result of Oversubscribed Open Offer, General Meeting
and
Total Voting Rights
Kromek (AIM: KMK), a leading developer of radiation and
bio-detection technology solutions for the advanced imaging and
CBRN detection segments , is pleased to announce that at its
General Meeting held earlier today all resolutions, as set out in
the Circular dated 9 May 2023 relating to a conditional Placing and
Subscription to raise GBP7.0 million and an Open Offer to raise up
to an additional GBP1.0 million, were duly passed. The Company is
also pleased to announce that it has raised GBP1.0 million via the
Open Offer and, accordingly, has raised total gross proceeds of
approximately GBP8.0 million through the Transaction.
The Open Offer closed for acceptances at 11.00 a.m. on 23 May
2023 and was oversubscribed. Valid acceptances have been received
in respect of 74,749,006 Open Offer Shares, representing
approximately 363 per cent. of the Open Offer Shares available
under the Open Offer. In accordance with the terms and conditions
of the Open Offer, all applications made pursuant to the Open Offer
(other than Excess Shares applied for under the Excess Application
Facility) have been met in full and a scaling back exercise has
been undertaken in respect of applications for Excess Shares. The
Company has therefore raised gross proceeds of approximately GBP1.0
million through the Open Offer.
As set out in the Circular dated 9 May 2023, certain Directors
of the Company indicated their intention to participate in the
Transaction. Following the completion of the Transaction and on
Admission, their interests in Ordinary Shares will be as
follows:
Number
of Ordinary
Shares
held as Number Number Percentage
Number a percentage of of Ordinary of Ordinary
of Ordinary of the Directors' Shares Shares
Shares Existing Subscription Number held held
held prior Ordinary Shares of Shares following following
to the Share subscribed under the the
Director Position Transaction Capital for the Placing Transaction Transaction
Rakesh
Sharma* Chairman 807,539 0.19% 400,000 - 1,207,539 0.20%
Chief
Executive
Arnab Basu Officer 2,988,750 0.69% 100,000 - 3,088,750 0.52%
Chief
Paul Financial
Farquhar Officer 66,500 0.02% - 100,000 166,500 0.03%
Lawrence Non-Executive
Kinet Director 350,000 0.08% 400,000 - 750,000 0.13%
Jerel Non-Executive
Whittingham Director 364,890 0.08% 300,000 - 664,890 0.11%
Christopher Non-Executive
Wilks Director 177,941 0.04% 100,000 - 277,941 0.05%
* Subscribed by his connected person, Kathleen Elizabeth
Sharma
Application has been made for a total of 160,564,372 New
Ordinary Shares, to be issued pursuant to the Transaction, to be
admitted to trading on AIM. It is expected that Admission and
dealings in the 160,564,372 New Ordinary Shares will commence on or
around 8.00 a.m. on 26 May 2023. Following Admission, the Enlarged
Share Capital of the Company will consist of 592,416,192 Ordinary
Shares, none of which are held in treasury. Therefore, the total
number of voting rights in the Company will be 592,416,192 and this
figure may be used by shareholders 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
Company.
This announcement should be read in conjunction with the full
text of the Circular posted to Shareholders on 9 May 2023, copies
of which are available on the Company's website at:
www.kromek.com/investor-relations. The same definitions apply
throughout this announcement as are applied in the Circular.
For further information, please contact:
Kromek Group plc
Arnab Basu, CEO
Paul Farquhar, CFO +44 (0)1740 626 060
finnCap Ltd (Nominated Adviser and Broker)
Geoff Nash/Emily Watts/Seamus Fricker/ George
Dollemore - Corporate Finance
Tim Redfern/Charlotte Sutcliffe - ECM +44 (0)20 7220 0500
Gracechurch Group (Financial PR)
Harry Chathli/Claire Norbury +44 (0)20 4582 3500
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 Rakesh Sharma
-------------------------------- -----------------------------------
2. Reason for the Notification
---------------------------------------------------------------------
a) Position/status Non-Executive Chairman
-------------------------------- -----------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------- -----------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name Kromek Group plc
-------------------------------- -----------------------------------
b) LEI 213800VLHYXGHEX5VQ48
-------------------------------- -----------------------------------
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 1 penny each
Financial instrument,
type of instrument
Identification code GB00BD7V5D43
-------------------------------- -----------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
-------------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
5p 400,000
----------
-------------------------------- -----------------------------------
d) Aggregated information:
Aggregated volume See 4c) above
Price
-------------------------------- -----------------------------------
e) Date of the transaction 25 May 2023
-------------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
-------------------------------- -----------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Arnab Basu
-------------------------------- -----------------------------------
2. Reason for the Notification
---------------------------------------------------------------------
a) Position/status Chief Executive Officer
-------------------------------- -----------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------- -----------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name Kromek Group plc
-------------------------------- -----------------------------------
b) LEI 213800VLHYXGHEX5VQ48
-------------------------------- -----------------------------------
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 1 penny each
Financial instrument,
type of instrument
Identification code GB00BD7V5D43
-------------------------------- -----------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
-------------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
5p 100,000
----------
-------------------------------- -----------------------------------
d) Aggregated information:
Aggregated volume See 4c) above
Price
-------------------------------- -----------------------------------
e) Date of the transaction 25 May 2023
-------------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
-------------------------------- -----------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Paul Farquhar
-------------------------------- -----------------------------------
2. Reason for the Notification
---------------------------------------------------------------------
a) Position/status Chief Financial Officer
-------------------------------- -----------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------- -----------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name Kromek Group plc
-------------------------------- -----------------------------------
b) LEI 213800VLHYXGHEX5VQ48
-------------------------------- -----------------------------------
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 1 penny each
Financial instrument,
type of instrument
Identification code GB00BD7V5D43
-------------------------------- -----------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
-------------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
5p 100,000
----------
-------------------------------- -----------------------------------
d) Aggregated information:
Aggregated volume See 4c) above
Price
-------------------------------- -----------------------------------
e) Date of the transaction 25 May 2023
-------------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
-------------------------------- -----------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Lawrence Kinet
-------------------------------- -----------------------------------
2. Reason for the Notification
---------------------------------------------------------------------
a) Position/status Non-Executive Director
-------------------------------- -----------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------- -----------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name Kromek Group plc
-------------------------------- -----------------------------------
b) LEI 213800VLHYXGHEX5VQ48
-------------------------------- -----------------------------------
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 1 penny each
Financial instrument,
type of instrument
Identification code GB00BD7V5D43
-------------------------------- -----------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
-------------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
5p 400,000
----------
-------------------------------- -----------------------------------
d) Aggregated information:
Aggregated volume See 4c) above
Price
-------------------------------- -----------------------------------
e) Date of the transaction 25 May 2023
-------------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
-------------------------------- -----------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Jerel Whittingham
-------------------------------- -----------------------------------
2. Reason for the Notification
---------------------------------------------------------------------
a) Position/status Non-Executive Director
-------------------------------- -----------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------- -----------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name Kromek Group plc
-------------------------------- -----------------------------------
b) LEI 213800VLHYXGHEX5VQ48
-------------------------------- -----------------------------------
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 1 penny each
Financial instrument,
type of instrument
Identification code GB00BD7V5D43
-------------------------------- -----------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
-------------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
5p 300,000
----------
-------------------------------- -----------------------------------
d) Aggregated information:
Aggregated volume See 4c) above
Price
-------------------------------- -----------------------------------
e) Date of the transaction 25 May 2023
-------------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
-------------------------------- -----------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Christopher Wilks
-------------------------------- -----------------------------------
2. Reason for the Notification
---------------------------------------------------------------------
a) Position/status Non-Executive Director
-------------------------------- -----------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------- -----------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name Kromek Group plc
-------------------------------- -----------------------------------
b) LEI 213800VLHYXGHEX5VQ48
-------------------------------- -----------------------------------
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 1 penny each
Financial instrument,
type of instrument
Identification code GB00BD7V5D43
-------------------------------- -----------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
-------------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
5p 100,000
----------
-------------------------------- -----------------------------------
d) Aggregated information:
Aggregated volume See 4c) above
Price
-------------------------------- -----------------------------------
e) Date of the transaction 25 May 2023
-------------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
-------------------------------- -----------------------------------
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END
MSCUVSOROSUVUAR
(END) Dow Jones Newswires
May 25, 2023 09:48 ET (13:48 GMT)
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