TIDMLOK
RNS Number : 6333Y
Peel Hunt LLP
05 May 2023
05 May 2023
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES,
CANADA, AUSTRALIA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION
IN WHICH IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. THIS
ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF AN OFFER OF
SECURITIES IN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH
AFRICA OR ANY OTHER JURISDICTION.
PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS
ANNOUNCEMENT.
Result of sale of ordinary shares in Lok'n Store Group plc
("Lok'nStore" or the "Company")
Further to the announcement released on 05 May 2023, Andrew
Jacobs LLP ("the Seller") has sold an aggregate of 1.25 million
ordinary shares of 1 pence each ("Ordinary Shares") in the capital
of Lok'nStore (the "Placing Shares") by way of an accelerated
bookbuild to institutional investors at a price of 800 pence per
Ordinary Share (the "Placing").
Following the completion of the Placing, Andrew Jacobs (as the
ultimate beneficiary of the Seller) and persons closely associated
with him will own, in aggregate, 4,359,550 Ordinary Shares in the
capital of Lok'nStore, representing approximately 14.5 per cent. of
the Company's entire issued share capital. These shares are subject
to a 365 -day lock-up undertaking (subject to certain customary
exceptions). Andrew Jacobs remains the Company's largest
shareholder following the completion of the Placing.
Peel Hunt LLP ("Peel Hunt") acted as Sole Bookrunner in
connection with the Placing.
Enquiries:
Peel Hunt (Sole Bookrunner and Joint Broker)
Investment Banking: Capel Irwin / Carl
Gough / Henry Nicholls
ECM: Sohail Akbar / Jock Maxwell Macdonald +44 (0) 20 7418 8900
finnCap Ltd (NOMAD and Joint Broker) +44 (0) 20 7220 0500
Corporate Finance: Julian Blunt/Seamus
Fricker/Fergus Sullivan
Corporate Broking: Alice Lane
IMPORTANT NOTICE
This announcement is not for publication, distribution or
release, directly or indirectly, in or into the United States of
America (including its territories and possessions, any state of
the United States and the District of Columbia), Australia, Canada,
Japan or the Republic of South Africa or any other jurisdiction
where such an announcement would be unlawful. The distribution of
this announcement may be restricted by law in certain jurisdictions
and persons into whose possession this document or other
information referred to herein comes should inform themselves about
and observe any such restriction. Any failure to comply with these
restrictions may constitute a violation of the securities laws of
any such jurisdiction.
This announcement is not an offer of securities or investments
for sale nor a solicitation of an offer to buy securities or
investments in any jurisdiction where such offer or solicitation
would be unlawful. No action has been taken that would permit an
offering of the securities or possession or distribution of this
announcement in any jurisdiction where action for that purpose is
required. Persons into whose possession this announcement comes are
required to inform themselves about and to observe any such
restrictions.
The Placing Shares may not be offered to the public in any
jurisdiction in circumstances which would require the preparation
or registration of any prospectus or offering document relating to
the Placing Shares in such jurisdiction. No action has been taken
by the Company, the Seller or any of their respective affiliates
that would permit an offering of the Placing Shares or possession
or distribution of this announcement or any other offering or
publicity material relating to such securities in any jurisdiction
where action for that purpose is required.
The securities referred to herein have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the
"Securities Act"), and may not be offered or sold, directly or
indirectly, in or into the United States, except pursuant to an
exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act . Neither this
document nor the information contained herein constitutes or forms
part of an offer to sell or the solicitation of an offer to buy
securities in the United States. There will be no public offer of
any securities in the United States.
The Placing Shares have not been approved or disapproved by the
U.S. Securities and Exchange Commission, any state or other
securities commission or other regulatory authority in the United
States, and none of the foregoing authorities has passed upon or
endorsed the merits of the Placing or the accuracy or adequacy of
this announcement. Any representation to the contrary is a criminal
offence in the United States.
No prospectus, admission document or offering document has been
or will be prepared in connection with the Placing . Any investment
decision to buy securities in the Placing must be made solely on
the basis of publicly available information. Such information is
not the responsibility of and has not been independently verified
by the Seller , Peel Hunt, or any of their respective
affiliates.
No reliance may be placed, for any purposes whatsoever, on the
information contained in this announcement or on its completeness
and this announcement should not be considered a recommendation by
the Company, the Seller , Peel Hunt or any of their respective
affiliates in relation to any purchase of or subscription for
securities of the Company. No representation or warranty, express
or implied, is given by or on behalf of the Company, the Seller ,
Peel Hunt or any of their respective directors, partners, officers,
employees, advisers or any other persons as to the accuracy,
fairness or sufficiency of the information or opinions contained in
this announcement and none of the information contained in this
announcement has been independently verified. Save in the case of
fraud, no liability is accepted for any errors, omissions or
inaccuracies in such information or opinions.
Members of the public are not eligible to take part in the
Placing . This announcement and the information set out herein are
for information purposes only and are directed at and may only be
communicated to (a) in the European Economic Area ("EEA"), persons
who are "qualified investors" within the meaning of Article 2(e) of
Prospectus Regulation (Regulation (EU) 2017/1129) (the "Prospectus
Regulation"); or (b) in the United Kingdom, at "qualified
investors" within the meaning of Article 2(e) of the Prospectus
Regulation as it forms part of domestic law by virtue of the
European Union (Withdrawal) Act 2018 who are also (i) persons
having professional experience in matters relating to investments
who fall within the definition of "investment professionals" in
Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (the "Order"), or (ii) high net
worth bodies corporate, unincorporated associations and
partnerships and trustees of high value trusts as described in
Article 49(2) of the Order; or (c) persons to whom it may otherwise
lawfully be communicated (all such persons together being referred
to as "Relevant Persons").
Any investment or investment activity to which this announcement
relates is only available to, and will be engaged in only with,
Relevant Persons. Persons distributing this announcement must
satisfy themselves that is lawful to do so.
This announcement does not purport to identify or suggest the
risks (direct or indirect) which may be associated with an
investment in the Company or its shares.
Peel Hunt, which is authorised and regulated by the Financial
Conduct Authority in the United Kingdom, is acting only for the
Seller in connection with the Placing and will not be responsible
to anyone other than the Seller for providing the protections
offered to their respective clients, nor for providing advice in
relation to the Placing Shares , the Placing , the contents of this
announcement or any transaction, arrangement or other matter
referred to in this announcement, and apart from the
responsibilities and liabilities (if any) imposed on Peel Hunt by
the Financial Services and Markets Act 2000, any liability
therefore is expressly disclaimed. Any other person in receipt of
this announcement should seek their own independent legal,
investment and tax advice as they see fit.
References to time in this announcement are to London time,
unless otherwise stated. All times and dates in this announcement
may be subject to amendment.
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.
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contained in this communication, and to share such analysis on an
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END
IOEFLFSSEIIEIIV
(END) Dow Jones Newswires
May 05, 2023 10:43 ET (14:43 GMT)
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