THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE
RESTRICTED AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION,
DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED
STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC
OF SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE
UNLAWFUL.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES
NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR A SOLICITATION TO BUY,
SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY SECURITIES IN ANY
JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE
UNLAWFUL, INCLUDING THE UNITED
STATES, CANADA, AUSTRALIA, JAPAN OR
THE REPUBLIC OF SOUTH AFRICA. NEITHER THIS ANNOUNCEMENT NOR
ANYTHING CONTAINED HEREIN SHALL FORM THE BASIS OF, OR BE RELIED
UPON IN CONNECTION WITH, ANY SUCH OFFER, SOLICITATION OR COMMITMENT
WHATSOEVER IN ANY OF THOSE JURISDICTIONS.
TERMS NOT OTHERWISE DEFINED HEREIN SHALL HAVE THE MEANINGS
GIVEN TO THEM IN THE COMPANY'S ANNOUNCEMENT RELEASED ON 6 JUNE 2024
AT 5:11 P.M.
14 June 2024
SysGroup
plc
("SysGroup", the
"Group", or the
"Company")
Result of Retail
Offer
SysGroup (AIM:SYS),
the technology partner for delivery and management
of cloud, data and security services to power Artificial
Intelligence ("AI") and Machine Learning ("ML")
transformation, is pleased to announce that
the Retail Offer launched on 7 June 2024 has raised in aggregate
£0.3 million through the issuance of 837,157 Retail Offer Shares at
a price of 33 pence per share.
Accordingly, the Company has
conditionally raised total gross proceeds of
approximately £11.3 million in aggregate by way of the
Placing, the Subscription and the Retail Offer.
A separate announcement will be made
following the General Meeting as to the results of the General
Meeting and the total voting rights following Admission.
Admission
Application will be made to
the London Stock Exchange for admission of the New
Ordinary Shares to trading on AIM ("Admission"). It is expected that,
subject to the necessary resolutions being passed at the General
Meeting, Admission will become effective and dealings in the New
Ordinary Shares will commence at 8.00 a.m. on 26 June
2024.
Admission is conditional, inter
alia, upon Admission becoming effective, the Placing Agreement not
having been terminated and becoming unconditional, and upon the
approval of Shareholders at the Company's forthcoming General
Meeting to be held at 1:00 p.m. on 24 June 2024.
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For
further information, please contact:
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SysGroup plc
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Tel: 0333
101 9000
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Heejae Chae, Executive
Chairman
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Owen Phillips, Chief Financial
Officer
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Zeus (Nominated Adviser and
Broker)
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Tel: 0161
831 1512
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Jordan Warburton
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Nick Cowles
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Alex Campbell-Harris
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Nick Searle
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IMPORTANT
NOTICES
The content of this announcement has
been prepared by and is the sole responsibility of the
Company.
This announcement and the
information contained herein is not for release, publication or
distribution, directly or indirectly, in whole or in part, in or
into or from the United States (including its territories and
possessions, any state of the United States and the District of
Columbia, Australia, Canada, Japan, the Republic of South Africa,
any member state of the EEA or any other jurisdiction where to do
so might constitute a violation of the relevant laws or regulations
of such jurisdiction.
The distribution of this
announcement may be restricted by law in certain jurisdictions and
persons into whose possession any document or other information
referred to herein comes should inform themselves about and observe
any such restriction. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such
jurisdiction.
Zeus Capital Limited ("Zeus") is authorised and regulated
in the United Kingdom by the FCA, is acting exclusively for
the Company and for no-one else and will not regard any other
person (whether or not a recipient of this announcement) as its
client in relation to the transactions and arrangements described
in this announcement and will not be responsible to anyone other
than the Company for providing the protections afforded to its
clients, nor for providing advice in connection with the contents
of this announcement, or the transactions, referred to in this
announcement.
The value of Ordinary Shares and the
income from them is not guaranteed and can fall as well as rise due
to stock market and currency movements. When you sell your
investment, you may get back less than you originally invested.
Figures refer to past performance and past performance is not a
reliable indicator of future results. Returns may increase or
decrease as a result of currency fluctuations.
Neither the content of the Company's
website (or any other website) nor the content of any website
accessible from hyperlinks on the Company's website (or any other
website) is incorporated into or forms part of this
announcement.
The Retail Offer Shares to be issued
or sold pursuant to the Retail Offer will not be admitted to
trading on any stock exchange other than AIM.