TIDMNANO
RNS Number : 1337T
Nanoco Group PLC
15 July 2020
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO
ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS
UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.
THIS ANNOUNCEMENT AMOUNTS TO A FINANCIAL PROMOTION FOR THE
PURPOSES OF SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT
2000 ("FSMA") AND HAS BEEN APPROVED BY PRIMARYBID LIMITED WHICH IS
AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY (FRN
779021)
15 July 2020
Nanoco Group plc
("Nanoco" or the " Company " ) (LON:NANO)
PrimaryBid.com Offer
Nanoco Group plc (LON:NANO), a world leader in the development
and manufacture of cadmium-free quantum dots and other specific
nanomaterials emanating from its technology platform, is pleased to
announce an offer for subscription via PrimaryBid (the "PrimaryBid
Offer") of new ordinary shares of 10p each in the Company ("New
Ordinary Shares") at an issue price of 17.5 pence per New Ordinary
Share (the "Issue Price"), being a discount of 2.8% per cent to the
closing mid-price on 15 July 2020 as announced earlier on 15 July
2020 .
The PrimaryBid Offer is conditional on the new Ordinary Shares
to be issued pursuant to the PrimaryBid Offer being admitted to
listing on the Official List by the Financial Conduct Authority and
to trading by the London Stock Exchange on its main market for
listed securities ("Admission"). Admission is expected to be take
place at 8.00 a.m. on 20 July 2020.
The net proceeds of the Fundraising will be used to extend the
Company's cash runway at least to the end of calendar year 2021
while supporting its core IP assets and its business operations
during the ongoing lawsuit against Samsung.
The Company's largest shareholder, Lombard Odier, has undertaken
to subscribe for GBP2.14m of New Ordinary Shares on the same terms
as those set out above, which subscription shall be subject to claw
back depending on the amount of the other aggregate applications
received from other investors under the PrimaryBid Offer. Lombard
Odier will receive, conditional upon Admission (as defined below),
a subscription commission equal to 3.0 per cent of the amount it
subscribes . In the event that Admission does not occur, Lombard
Odier will not receive any commission payment. .
Certain directors of the Company and/or persons closely
associated with them have given written undertakings to the Company
to subscribe for PrimaryBid Shares at the Issue Price with a total
value of GBP61,000.
PrimaryBid Offer
The Company values its retail investor base and is therefore
pleased to provide private and other investors the opportunity to
participate in the PrimaryBid Offer by applying exclusively through
the www.PrimaryBid.com platform and the PrimaryBid mobile app
available on the Apple App Store and Google Play. PrimaryBid does
not charge investors any commission for this service.
The PrimaryBid Offer, via the PrimaryBid.com platform, will be
open to individual and institutional investors immediately
following this announcement and will close at 9:00 p.m. on 15 July
2020 . The PrimaryBid Offer may close early if it is
oversubscribed.
Subscriptions under the PrimaryBid Offer will be considered by
the Company on a "first come, first served" basis, subject to
conditions (which are available to view on PrimaryBid.com).
The Company in consultation with PrimaryBid reserves the right
to scale back any order at its discretion. The Company and
PrimaryBid reserve the right to reject any application for
subscription under the Offer without giving any reason for such
rejection. It is not intended that the Director orders be subject
to scale back.
No commission is charged to investors on applications to
participate in the PrimaryBid Offer made through PrimaryBid. It is
vital to note that once an application for New Ordinary Shares has
been made and accepted via PrimaryBid, an application cannot be
withdrawn.
For further information on PrimaryBid.com or the procedure for
applications under the PrimaryBid Offer, visit www.PrimaryBid.com
or call PrimaryBid.com on +44 20 3026 4750.
The New Ordinary Shares will be issued free of all liens,
charges and encumbrances and will, when issued and fully paid, rank
pari passu in all respects with the Company's existing Ordinary
Shares.
Nanoco Group PLC
Michael Edelman, CEO
Brian Tenner, COO & CFO +44 (0) 161 603
Caroline Watson, Investor Relations Manager 7900
PrimaryBid Limited + 44 (0) 203 026
James Deal / Kieran D'Silva 4750
Further Details of the Offer
The Company highly values its retail investor base which has
supported the Company alongside institutional investors over
several years. Given the longstanding support of retail
shareholders, the Company believes that it is appropriate to
provide retail and other interested investors the opportunity to
participate in the Offer. The Company is therefore making the Offer
available exclusively through PrimaryBid.com.
The Offer is offered under the exemptions against the need for a
prospectus allowed under the Prospectus Rules. As such, there is no
need for publication of a prospectus pursuant to the Prospectus
Rules, or for approval of the same by the Financial Conduct
Authority in its capacity as the UK Listing Authority. The Offer is
not being made into any Restricted Jurisdiction or any other
jurisdiction where it would be unlawful to do so.
There is a minimum subscription of GBP100 per investor under the
terms of the Offer which is open to existing shareholders and other
investors subscribing via PrimaryBid.com. This allocation will be
filled on a "first come first served" basis.
For further details please refer to the PrimaryBid.com website
at www.PrimaryBid.com. The terms and conditions on which the Offer
is made, including the procedure for application and payment for
New Ordinary Shares, is available to all persons who register with
PrimaryBid.com.
Investors should make their own investigations into the merits
of an investment in the Company. Nothing in this announcement
amounts to a recommendation to invest in the Company or amounts to
investment, taxation or legal advice.
It should be noted that a subscription for New Ordinary Shares
and investment in the Company carries a number of risks. Investors
should consider the risk factors set out on PrimaryBid.com before
making a decision to subscribe for New Ordinary Shares. Investors
should take independent advice from a person experienced in
advising on investment in securities such as the New Ordinary
Shares if they are in any doubt.
END
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END
OFFBLGDRXBBDGGU
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July 15, 2020 12:20 ET (16:20 GMT)
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