Immotion Group PLC Result of Placing & Subscription (9250F)
19 Novembre 2020 - 4:15PM
UK Regulatory
TIDMIMMO
RNS Number : 9250F
Immotion Group PLC
19 November 2020
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RESTRICTED AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION,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, 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.
Immotion Group plc
("Immotion Group", "Immotion", the "Company" or the "Group")
Result of Placing & Subscription
Immotion Group is pleased to announce that, following strong
investor demand, it has raised gross proceeds of GBP1,200,000 as
result of the Fundraising announced earlier today.
A total of 23,324,368 Placing Shares in the Company have been
placed by WH Ireland Limited and Alvarium Capital Partners Limited
(the "Brokers") with new and existing investors at a price of 4
pence per share (the "Issue Price"). Additionally, as part of the
Fundraising, a total of 6,675,632 Subscription Shares have been
subscribed for in the Company.
Application has been made to the London Stock Exchange for the
Fundraising Shares to be admitted to trading on AIM and it is
anticipated that dealings in the Fundraising Shares will commence
on AIM at 8.00 a.m. on 25 November 2020 ("Admission"). The
Fundraising Shares will represent approximately 7.3 per cent. of
the Company's issued share capital following completion of the
Fundraising ("Enlarged Share Capital"). The Issue Price represents
a premium of approximately 5.3 per cent. to the closing mid-market
price of Immotion's existing ordinary shares of 3.8 pence on 18
November 2020 (being the last business day prior to the
announcement of the Fundraising earlier today).
Following Admission, the Company's issued and fully paid share
capital will consist of 409,538,083 Ordinary Shares, all of which
carry one voting right per share. The Company does not hold any
Ordinary Shares in treasury. The figure of 409,538,083 Ordinary
Shares may be used by shareholders as the denominator for the
calculation 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 under the Disclosure Guidance and
Transparency Rules of the Financial Conduct Authority.
Capitalised terms used but not defined in this announcement have
the meanings given to them in the Company's announcement released
earlier today in respect of the Placing unless the context provides
otherwise.
Enquiries:
Immotion Group Martin Higginson Tel: +44 (0) 161 235
8505
WH Ireland Limited Corporate Finance: Tel: +44 (0) 207 220
(Nomad and Joint Broker) Adrian Hadden 1666
Darshan Patel
Matthew Chan
Sales / Corporate
Broking:
Jasper Berry
David Kilbourn
Alvarium Capital Partners Alex Davies Tel: +44 (0) 207 195
Limited 1458
(Joint Broker)
Shard Capital Partners Damon Heath Tel: +44 (0) 207 186
Limited Erik Woolgar 9900
(Co-Broker)
This announcement includes inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
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END
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(END) Dow Jones Newswires
November 19, 2020 10:15 ET (15:15 GMT)
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