TIDMSFOR
RNS Number : 9050K
S4 Capital PLC
19 December 2018
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES,
AUSTRALIA, CANADA, GUERNSEY, JERSEY, JAPAN, HONG KONG SPECIAL
ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA, ANY MEMBER
STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE UNITED KINGDOM)
OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.
19 December 2018
S(4) CAPITAL PLC
("S(4) Capital" or the "Company")
Results of Open Offer
On 4 December 2018, the Board of S(4) Capital announced details
of a share issue to raise gross proceeds of GBP74.0 million by way
of a Firm Placing and a Placing and Open Offer (together the
"Issue") in order to fund the cash consideration payable in
connection with the MightyHive Merger.
The Issue and the MightyHive Merger remain conditional upon: (i)
the Merger Agreement becoming or being declared unconditional in
all respects; (ii) the Placing Agreement becoming or being declared
unconditional in all respects and not having been terminated in
accordance with its terms; (iii) the Issue Resolution passing at
the General Meeting of the Company that has been convened for 20
December 2018; and (iv) Admission becoming effective.
Results of Open Offer
The Company is pleased to announce the results of the Open
Offer, which closed for acceptances at 11.00 a.m. on 18 December
2018. Valid applications have been received in respect of
14,865,353 New Ordinary Shares, representing 58.05 per cent. of the
number of New Ordinary Shares available under the Open Offer,
excluding the New Ordinary Shares that the Directors, the Proposed
Directors and their affiliates agreed not to take up.
Applications have been made for the New Ordinary Shares to be
issued via the Open Offer to be admitted to trading on the standard
segment of the Official List of the London Stock Exchange
("Admission"). It is expected that Admission and commencement of
dealings in the new Ordinary Shares will occur at 8.00 a.m. on 24
December 2018.
Notification of transactions by PDRMRs
The following named PDMRs, or persons closely associated with
such PDMRs, will acquire the following New Ordinary Shares pursuant
to the Issue if Admission becomes effective.
PDMR Position Shares acquired Total beneficial
holding after
acquisition
Non-executive
Paul Roy director 223,605 1,592,863
--------------- ---------------- -----------------
Non-executive
Rupert Faure Walker director 183,022 1,303,776
--------------- ---------------- -----------------
Non-executive
Sue Prevezer director 227,272 227,272
--------------- ---------------- -----------------
The Notification of Dealing Form for each PDMR can be found
below. This notification is made in accordance with the Market
Abuse Regulation.
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Paul Roy
--------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Non-executive director
--------------------------- ------------------------------------------
b) Initial Initial
notification/
Amendment
--------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
-----------------------------------------------------------------------
a) Name S(4) Capital plc
--------------------------- ------------------------------------------
b) LEI LEI 21380068SP9V65KPQN68
--------------------------- ------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type
of transaction; (iii) each date; and (iv) each place
where transactions have been conducted
-----------------------------------------------------------------------
a) Description Ordinary shares of 25 pence each
of the
financial
instrument,
type of
instrument
GB00BFZZM640
Identification
code
--------------------------- ------------------------------------------
b) Nature
of the Share acquisition
transaction
--------------------------- ------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) GBP1.10 223,605
----------
--------------------------- ------------------------------------------
d) Aggregated
information
Aggregate Aggregate Aggregate
* Aggregated volume Price Volume Total
GBP1.10 223,605 GBP245,965.50
---------- --------------
* Price
--------------------------- ------------------------------------------
e) Date of 19 December 2018
the transaction
--------------------------- ------------------------------------------
f) Place of XLON
the transaction
--------------------------- ------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Rupert Faure Walker
--------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Non-executive director
--------------------------- ------------------------------------------
b) Initial Initial
notification/
Amendment
--------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
-----------------------------------------------------------------------
a) Name S(4) Capital plc
--------------------------- ------------------------------------------
b) LEI LEI 21380068SP9V65KPQN68
--------------------------- ------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type
of transaction; (iii) each date; and (iv) each place
where transactions have been conducted
-----------------------------------------------------------------------
a) Description Ordinary shares of 25 pence each
of the
financial
instrument,
type of
instrument
GB00BFZZM640
Identification
code
--------------------------- ------------------------------------------
b) Nature
of the Share acquisition
transaction
--------------------------- ------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) GBP1.10 183,022
----------
--------------------------- ------------------------------------------
d) Aggregated
information
Aggregate Aggregate Aggregate
* Aggregated volume Price Volume Total
GBP1.10 183,022 GBP201,324.20
---------- --------------
* Price
--------------------------- ------------------------------------------
e) Date of 19 December 2018
the transaction
--------------------------- ------------------------------------------
f) Place of XLON
the transaction
--------------------------- ------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Sue Prevezer
--------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Non-executive director
--------------------------- ------------------------------------------
b) Initial Initial
notification/
Amendment
--------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
-----------------------------------------------------------------------
a) Name S(4) Capital plc
--------------------------- ------------------------------------------
b) LEI LEI 21380068SP9V65KPQN68
--------------------------- ------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type
of transaction; (iii) each date; and (iv) each place
where transactions have been conducted
-----------------------------------------------------------------------
a) Description Ordinary shares of 25 pence each
of the
financial
instrument,
type of
instrument
GB00BFZZM640
Identification
code
--------------------------- ------------------------------------------
b) Nature
of the Share acquisition
transaction
--------------------------- ------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) GBP1.10 227,272
----------
--------------------------- ------------------------------------------
d) Aggregated
information
Aggregate Aggregate Aggregate
* Aggregated volume Price Volume Total
GBP1.10 227,272 GBP249,999.20
---------- --------------
* Price
--------------------------- ------------------------------------------
e) Date of 19 December 2018
the transaction
--------------------------- ------------------------------------------
f) Place of XLON
the transaction
--------------------------- ------------------------------------------
Unless otherwise defined, the terms used in this announcement
shall have the same meaning as set out in the announcement released
by S(4) Capital on 4 December 2018.
This Announcement should be read in its entirety. In particular,
you should read and understand the information provided in the
"Important Notices" section below.
S(4) Capital plc via Powerscourt
Sir Martin Sorrell (Executive Chairman)
Powerscourt (PR Adviser to S(4) Capital Tel: +44 (0)20 3328
plc) 9386
Elly Williamson
John Elliott
HSBC Bank plc (Joint Corporate Broker Tel: +44 (0)20 7991
to S(4) Capital plc) 8888
Adrian Lewis
Sam Barnett
Sam Hart
Dowgate Capital Limited (Joint Corporate Tel: +44 (0)20 3903
Broker to S(4) Capital plc) 7715
James Serjeant
David Poutney
Sir Martin Sorrell, Executive Chairman
S(4) Capital plc, 12 St James's Place, London SW1A 1NX
LEI 21380068SP9V65KPQN68
IMPORTANT NOTICES
This Announcement has been prepared by, and is the sole
responsibility of, the Directors of S(4) Capital plc.
Dowgate, which is authorised and regulated in the United Kingdom
by the Financial Conduct Authority (the "FCA"), is acting for S(4)
Capital plc in connection with the proposals set out in this
Announcement and for no one else and will not be responsible to
anyone other than S(4) Capital plc for providing the protections
afforded to their clients or for providing advice in relation to
this Announcement or any matters referred to herein.
HSBC, which is authorised and regulated in the United Kingdom by
the Prudential Regulation Authority and the FCA, is acting for S(4)
Capital plc in connection with the proposals set out in this
Announcement and for no one else and will not be responsible to
anyone other than S(4) Capital plc for providing the protections
afforded to their clients or for providing advice in relation to
this Announcement or any matters referred to herein.
No representation or warranty, express or implied, is made by
Dowgate or HSBC as to the contents of this Announcement, or for the
omission of any material from this Announcement, including its
accuracy, completeness or verification connection with the Company
or the offering and nothing in this Announcement is, or shall be
relied upon as, a warranty or representation in this respect,
whether as to the past or future. No liability whatsoever is
accepted by either HSBC or Dowgate or any of their affiliates for
the accuracy of any information or opinions contained in this
Agreement or for the omission of any material information, for
which the Company is solely responsible. Neither Dowgate nor HSBC
has authorised the contents of, or any part of, this Announcement
and no liability whatsoever is accepted by Dowgate or HSBC for the
accuracy of any information or opinions contained in this document
or for the omission of any information from 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.
END
MSCLVLLFVLFEFBB
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