19 August
2016
PHSC PLC
("PHSC", the
"Company")
Placing to raise
£350,000
PHSC plc, a leading provider of health, safety, hygiene and
environmental consultancy services and security solutions to the
public and private sectors, announces that, in response to investor
demand communicated to it yesterday, it has raised £350,000 (before
expenses) through a placing of 1,590,909 new ordinary shares of 10p
each (“Ordinary Shares”) with new investors at a price of 22p per
share, arranged by Beaufort Securities Limited (the “Placing
Shares”). The Placing Shares represent 10.8 per cent. of the
enlarged issued Ordinary Shares of the Company.
Use of proceeds
The funds will provide PHSC with additional working capital
including for ongoing expenditure relating to recent
acquisitions.
Placing Shares
The Placing Shares will be credited as fully paid and will rank
pari passu in all respects with the existing Ordinary Shares,
including the right to receive all dividends and other
distributions declared on or after the date on which they are
issued.
Application will be made for admission of the Placing Shares to
trading on AIM (“Admission”) and it is expected that Admission will
be effective on or around 8.00 am on
5 September 2016.
Total voting rights
Following Admission, the Company's total issued share capital
will comprise of 14,677,257 Ordinary Shares. The Company does
not hold any Ordinary Shares in treasury. Therefore the total
number of Ordinary Shares with voting rights in the Company will be
14,677,257. 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 to their interest in, the share capital of the Company
following Admission under the FCA's Disclosure Guidance and
Transparency Rules.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information please contact:
PHSC plc
Stephen King
Stephen.king@phsc.co.uk
www.phsc.plc.uk
|
01622 717700 |
Northland Capital Partners
Limited (Nominated Adviser)
Edward Hutton/David Hignell |
0203 861 6625 |
Beaufort Securities Limited
(Broker)
Elliot Hance |
020 7382 8300 |
About PHSC
PHSC plc, through its trading subsidiaries Personnel Health
& Safety Consultants Ltd, RSA Environmental Health Ltd,
Adamson's Laboratory Services Ltd, QCS International Ltd,
Inspection Services (UK) Ltd and Quality Leisure Management Ltd,
provides a range of health, safety, hygiene, environmental and
quality systems consultancy and training services to organisations
across the UK. B to B Links Ltd and SG Systems (UK) Ltd offer
innovative retail security solutions including tagging, labelling
and CCTV.