PCI-PAL PLC Results of Placing (3876D)
January 30 2018 - 10:36AM
UK Regulatory
TIDMPCIP
RNS Number : 3876D
PCI-PAL PLC
30 January 2018
THIS ANNOUNCEMENT, INCLUDING THE APPENDIX, 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, CANADA, JAPAN, THE REPUBLIC OF
SOUTH AFRICA, AUSTRALIA, THE REPUBLIC OF IRELAND, NEW ZEALAND,
ISRAEL OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.
PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT
AND AT THE START OF THE APPENDIX.
PCI PAL PLC
("PCI Pal" or the "Company")
Results of Placing
The Company is pleased to announce that a total of 11,000,000
Placing Shares have been conditionally placed at a price of 45
pence per Placing Share, raising gross proceeds of GBP4.95 million
(approximately GBP4.6 million after expenses). The Placing Shares
will represent approximately 25.8% of the Company's enlarged issued
ordinary share capital (excluding treasury shares).
William Catchpole, CEO of PCI Pal, said:
"We are delighted by the response we have received from new and
existing shareholders. The funds raised through the placing will
enable us to invest in the business and capitalise on the
significant commercial opportunities in North America and
elsewhere. We look forward to this exciting next stage of
development of PCI Pal."
Share capital on completion of the Placing
Application has been made for the Placing Shares to be admitted
to trading on AIM. It is expected that Admission will occur on or
around 31 January 2018.
Following Admission, the Company's enlarged issued share capital
will comprise 42,721,178 Ordinary Shares with 167,229 Ordinary
Shares held in treasury and the total voting rights in the Company
will be 42,553,949. This 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 in the interest in, the share capital of the Company under
the FCA's Disclosure Guidance and Transparency Rules.
The issue of the Placing Shares is conditional, amongst other
things, the admission of the Placing Shares to trading on AIM.
Unless otherwise defined herein, capitalised terms used in this
announcement shall have the same meanings as those defined in the
Company's announcement released earlier today.
EXPECTED TIMETABLE OF PRINCIPAL EVENTS 2018
Admission and dealings in the Placing Shares expected to commence on AIM 8.00 a.m. on 31 January
Where applicable, expected date for CREST accounts to be credited in respect of Placing 8.00 a.m. on 31 January
Shares
in uncertificated form
Where applicable, expected date for despatch of definitive share certificates for Placing on or around 14 February
Shares in certificated form
Note: Each of the above dates is subject to change at the
absolute discretion of the Company
For further details, please contact:
PCI PAL PLC (Via Walbrook PR)
William Catchpole - Chief Executive Officer
William Good - Chief Financial Officer
N+1 Singer (Nomad & Broker)
Aubrey Powell / James White +44 (0) 20 7496 3000
Walbrook PR +44 (0) 20 7933 8780
Tom Cooper / Paul Vann +44 (0) 797 122 1972
tom.cooper@walbrookpr.com
N+1 Singer is authorised and regulated by the Financial Conduct
Authority (the "FCA") in the United Kingdom. N+1 Singer is acting
exclusively for the Company and no one else in connection with the
Bookbuild and the Placing, and N+1 Singer will not be responsible
to anyone (including any Placees) other than the Company for
providing the protections afforded to its clients or for providing
advice in relation to the Bookbuild or the Placing or any other
matters referred to in this announcement.
No representation or warranty, express or implied, is or will be
made as to, or in relation to, and no responsibility or liability
is or will be accepted by the Placing Agent or by any of their
respective affiliates or agents as to, or in relation to, the
accuracy or completeness of this announcement or any other written
or oral information made available to or publicly available to any
interested party or its advisers, and any liability therefor is
expressly disclaimed.
The price of shares and any income expected from them may go
down as well as up and investors may not get back the full amount
invested upon disposal of the shares. Past performance is no guide
to future performance, and persons needing advice should consult an
independent financial adviser.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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January 30, 2018 11:36 ET (16:36 GMT)
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