TIDMSUH
RNS Number : 2383E
Sutton Harbour Group PLC
06 July 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM, ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF
SUCH JURISDICTION.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT
INTENDED TO, AND DOES NOT, CONSTITUTE OR FORM ANY PART OF, AN OFFER
TO SELL OR AN INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY
SECURITIES OR THE SOLICITATION OF ANY VOTE OR APPROVAL IN ANY
JURISDICTION, NOR SHALL THERE BE ANY SALE, ISSUANCE OR TRANSFER OF
THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT IN ANY JURISDICTION
IN CONTRAVENTION OF APPLICABLE LAW.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF REGULATION (EU) NO 596/2014 AS IT FORMS PART OF
DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT
2018.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE A PROSPECTUS OR PROSPECTUS
EQUIVALENT DOCUMENT.
6(th) July 2021
Sutton Harbour Group PLC
("Sutton Harbour" or "the Company")
Open Offer of up to 14,000,000 Open Offer Shares
at 25 pence per share to raise approximately GBP3.5 million
Notice of General Meeting
Sutton Harbour Group plc (AIM:SUH), is pleased to announce that
it will today post a circular ("Circular") to qualifying
shareholders regarding an Open Offer of up to 14,000,000 New
Ordinary Shares at 25 pence ("Issue Price") to raise up to
approximately GBP3.5 million (before expenses) conditional on the
passing of the Resolutions at the General Meeting. The Issue Price
is equal to the mid-market closing price of the Ordinary Shares on
2(nd) July 2021, being the latest practical date prior to the
announcement of the Open Offer.
Qualifying Shareholders will have a Basic Entitlement of 71 Open
Offer Shares for every 588 Existing Ordinary Shares held and will
also have the opportunity to apply for additional shares through
the Excess Application Facility.
The General Meeting, notice of which is contained in the
Circular will be held at 10 a.m. on 30(th) July 2021 at the offices
of the Company, Sutton Harbour Group plc, Guy's Quay, Sutton
Harbour, Plymouth, PL4 0ES.
Capitalised terms in this announcement are as defined in that
Circular.
EXPECTED TIMETABLE OF PRINCIPAL EVENTS
2021
Record Date for entitlement to participate 6:00p.m. on 2(nd) July
in the Open Offer
Announcement of the Open Offer 6(th) July
Dispatch of this document, the Form of 6(th) July
Proxy and, to certain Qualifying Non-CREST
Shareholders, the Application Form
Ex-Entitlement Date for the Open Offer 8:00 a.m. on 6(th) July
Basic Entitlements and Excess Entitlements As soon as practicable
credited to CREST stock accounts of Qualifying after
CREST Shareholders 8:00 a.m. 7(th) July
Recommended latest time and date for 4:30 p.m. on 22(nd) July
requesting withdrawal of Basic Entitlements
and Excess Entitlements from CREST
Latest time for depositing Basic Entitlements 3:00 p.m. on 23(rd) July
and Excess Entitlements into CREST
Latest time and date for splitting Application 3:00 p.m. on 26(th) July
Forms (to satisfy bona fide market claims
only)
Latest time and date for return of Forms 10.00 a.m. on 28(th) July
of Proxy
Latest time and date for receipt of completed 11:00 a.m. on 28(th) July
Application Forms and payment in full
under the Open Offer or settlement of
relevant CREST instruction (as appropriate)
Record date for the General Meeting 6.00 p.m. on 28(th) July
Time and date of General Meeting 10.00 a.m. on 30(th) July
Results of General Meeting and Open Offer 30(th) July
announced through RNS
Admission of and dealings in Open Offer 8:00 a.m. on 2(nd) August
Shares expected to commence on AIM
Open Offer Shares in uncertificated form 2(nd) August
expected to be credited to accounts in
CREST (uncertificated holders only)
Expected date of despatch of definitive Within 10 Business
share certificates for the Open Offer Days of Admission
Shares in certificated form (certificated
holders only)
Notes:
1 The ability to participate in the Open Offer is subject to
certain restrictions relating to Qualifying Shareholders with
registered addresses or located or resident in countries outside
the UK (particularly the Excluded Overseas Shareholders), details
of which are set out in paragraph 6 of Part II of the Circular.
Subject to certain exceptions, Application Forms will not be
despatched to, and Open Offer Entitlements will not be credited to
the stock accounts in CREST of, Shareholders with registered
addresses in any of the Restricted Jurisdictions.
2 Each of the times and dates set out in the above timetable and
mentioned in the Circular is subject to change by the Company (with
the agreement of Arden), in which event details of the new times
and dates will be notified to the London Stock Exchange and the
Company will make an appropriate announcement to a Regulatory
Information Service.
3 References to times in this document are to London times unless otherwise stated.
4 Different deadlines and procedures for applications may apply
in certain cases. For example, if you hold your Ordinary Shares
through a CREST member or other nominee, that person may set an
earlier date for application and payment than the dates noted
above.
5 If you require assistance please contact Computershare on 0370
707 1326. The helpline is open between 8:30 a.m. - 5:30 p.m.,
Monday to Friday excluding public holidays in England and Wales.
Please note that Computershare cannot provide any financial, legal
or tax advice and calls may be recorded and monitored for security
and training purposes.
--Ends--
For further information:
Sutton Harbour Group plc 01752 204 186
Philip Beinhaker, Executive Chairman
Corey Beinhaker - Chief Operating Officer
Natasha Gadsdon - Finance Director
Arden Partners plc (Nominated Adviser) 020 7614 5900
Paul Shackleton
Akhil Shah
Elliot Mustoe
Publication of this Announcement and availability of hard
copies
A copy of this Announcement will be available, subject to
certain restrictions relating to persons resident in Restricted
Jurisdictions, on Sutton Harbour's website at
www.suttonharbourgroup.com by no later than 12 noon on the Business
Day following the date of this Announcement.
Neither the content of Sutton Harbour's websites nor the content
of any websites accessible from hyperlinks on such website (or any
other websites) are incorporated into, or form part of, this
Announcement nor, unless previously published by means of a
Regulatory Information Service, should any such content be relied
upon in reaching a decision regarding the matters referred to in
this Announcement.
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END
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July 06, 2021 02:09 ET (06:09 GMT)
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