TIDMCHRY
RNS Number : 5670T
Chrysalis Investments Limited
26 March 2021
The information contained in this announcement is restricted and
is not for publication, release or distribution in the United
States of America, any member state of the European Economic Area
(other than the Republic of Ireland, Luxembourg and the
Netherlands), Canada, Australia, Japan or the Republic of South
Africa.
This information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 as amended by The
Market Abuse (Amendment) (EU Exit) Regulations 2019.
26 March 2021
Chrysalis Investments Limited ("Chrysalis" or the "Company")
Result of Initial Issue
Further to the Company's announcement on 10 March 2021, the
Company is pleased to announce that it has successfully raised
gross proceeds of GBP300 million from the Initial Issue. The
Initial Issue under the Company's Placing Programme comprised the
Open Offer (including the Excess Application Facility), Offer for
Subscription, Intermediaries Offer and Initial Placing. The Board,
taking into account the strength of the Company's near term
investment pipeline and investor demand, determined to upscale the
size of the Initial Issue to the stated maximum of GBP300 million
from the initial target of c. GBP240 million.
The Initial Issue was well supported by both existing
Shareholders and new investors. Of the 146,341,463 Ordinary Shares
to be issued by the Company, 35,348,626 Ordinary Shares will be
issued pursuant to the Open Offer (including the Excess Application
Facility), 7,576,660 Ordinary Shares will be issued pursuant to the
Offer for Subscription and Intermediaries Offer and 103,416,177
Ordinary Shares will be issued pursuant to the Initial Placing.
Richard Watts and Nick Williamson, Portfolio Managers,
commented:
"We are delighted with the success of this Initial Issue. The
additional capital will allow the Company to continue to support
fundraisings within its existing portfolio as well as participate
in exciting new opportunities that have already been identified,
maintaining the considerable momentum achieved to date."
Andrew Haining, Chairman of Chrysalis, commented:
"We are extremely pleased with the response to this Initial
Issue from our existing Shareholders through the Open Offer as well
as new investors, both institutional and retail, who we warmly
welcome to the Chrysalis story. The fundraise will enable the
Company to continue to give investors access to some of the UK and
Europe's most promising opportunities, at the cutting edge of the
digital transformation which is reshaping society."
Application for Admission
Application has been made for 146.3 million New Ordinary Shares
to be admitted to the premium segment of the Official List of the
FCA and to trading on the Main Market of the London Stock Exchange.
It is expected that admission in respect of the New Ordinary Shares
will become effective, and that dealings in the New Ordinary Shares
will commence, at 8.00 a.m. on 30 March 2021.
Total Voting Rights
Following the Initial Issue, Chrysalis' issued share capital
will consist of 547,273,076 Ordinary Shares with voting rights in
the Company. This figure may be used by Shareholders in determining
the denominator for the calculation by which they will establish 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.
Capitalised terms shall have the meanings attributed to them in
the Company's Prospectus published on 10 March 2021 unless
otherwise defined in this announcement.
-ENDS-
For further information, please
contact:
Jupiter Asset Management:
Magnus Spence +44 (0) 20 3817 1325
Liberum (Sponsor, Global Co-ordinator
and Joint Bookrunner):
Gillian Martin / Owen Matthews +44 (0) 20 3100 2000
Numis (Joint Bookrunner): +44 (0) 20 7260 1000
Nathan Brown/ Matt Goss +44 (0) 7795 964 870
Maitland Administration (Guernsey)
Limited:
Elaine Smeja / Aimee Gontier +44 (0) 1481 749364
Media enquiries:
Montfort Communications +44 (0) 20 3770 7920
Charlotte McMullen/ Toto Reissland-Burghart/ chrysalis@montfort.london
Miles McKechnie
LEI: 213800F9SQ753JQHSW24
IMPORTANT NOTICE
This announcement has been issued by and is the sole
responsibility of the Company. Liberum Capital Limited ("Liberum")
and Numis Securities Limited ("Numis" and together with Liberum,
the "Joint Bookrunners"), each of which are authorised and
regulated by the Financial Conduct Authority in the United Kingdom,
are acting only for the Company in connection with the matters
described in this announcement and are not acting for or advising
any other person, or treating any other person as its client, in
relation thereto and will not be responsible for providing the
regulatory protection afforded to clients of each of them or advice
to any other person in relation to the matters contained herein.
Neither Liberum, Numis nor any of its or their respective
affiliates, directors, officers, employees, advisers or agents
accepts any responsibility or liability whatsoever for this
announcement, its contents or otherwise in connection with it or
any other information relating to the Company, whether written,
oral or in a visual or electronic format.
The Joint Bookrunners have not authorised the contents of, or
any part of, this announcement and no liability whatsoever is
accepted by the Joint Bookrunners for the accuracy of any
information or opinions contained in this announcement or for the
omission of any information. No representation or warranty, express
or implied, is made by the Joint Bookrunners as to the accuracy,
completeness or verification of the information set out in this
announcement, and nothing contained in this announcement is, or
shall be relied upon as, a promise or representation in this
respect, whether as to the past or the future. The Joint
Bookrunners do not assume any responsibility for its accuracy,
completeness or verification and accordingly disclaims, to the
fullest extent permitted by applicable law, any and all liability
whether arising in tort, contract or otherwise which it might
otherwise be found to have in respect of this announcement or any
such statement.
This announcement does not constitute or form part of any offer
or invitation to sell or issue, or any solicitation of any offer to
purchase or subscribe for, any Ordinary Shares (i) in any
jurisdiction in which such offer, invitation or solicitation is not
authorised; (ii) in any jurisdiction in which the person making
such offer, invitation or solicitation is not qualified to do so;
or (iii) to any person to whom it is unlawful to make such offer,
invitation or solicitation. The distribution of this announcement
and the offer of the Ordinary Shares may be restricted by law.
Persons into whose possession this announcement comes must
therefore inform themselves about and observe any such
restrictions. Any failure to comply with these restrictions may
constitute a violation of the securities laws of any such
jurisdiction. In particular, this announcement may not be
distributed, forwarded to or transmitted in, into or from the
United States, Australia, Canada, Japan, South Africa, or any
member state of the EEA or to any US person (as defined under
Regulation S of the US Securities Act of 1933, as amended (the "US
Securities Act")) ("US Person"). The Ordinary Shares have not been,
and will not be, registered under the US Securities Act, or under
any securities laws of any state or other jurisdiction of the
United States and may not be offered, sold, resold, transferred or
delivered, directly or indirectly, in or into the United States or
to, or for the account or benefit of, any US Person, except
pursuant to an applicable exemption from the registration
requirements of the US Securities Act and in compliance with the
securities laws of any state or other jurisdiction of the United
States. Any person within the United States and any US person who
obtains a copy of this announcement must disregard it. No public
offering of the Ordinary Shares is being made in any jurisdiction.
No action has been or will be taken by the Company or the Joint
Bookrunners that would permit the offer of the Ordinary Shares or
possession or distribution of this announcement in any jurisdiction
where action for that purpose is required.
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END
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