Totally PLC Close of accelerated bookbuild & Result of Placing (7425A)
31 Maggio 2019 - 9:53AM
UK Regulatory
TIDMTLY
RNS Number : 7425A
Totally PLC
31 May 2019
31 May 2019
Totally plc
("Totally", the "Company" or the "Group")
Close of accelerated bookbuild and result of Placing to raise
GBP9.0 million
Further to the announcement made earlier today, the Board of
Totally is pleased to announce the completion of a placing of
90,000,000 new ordinary shares of 10 pence each in the Company (the
"Placing Shares") at a price of 10 pence per Placing Share (the
"Placing Price") to raise a total of GBP9.0 million (before
expenses) (the "Placing").
The net proceeds of the Placing will be applied towards paying
part of the consideration for the acquisition of Greenbrook
Healthcare, as announced earlier today (the "Acquisition"). The
Placing was supported by existing investors and new investors and
was conducted through an accelerated bookbuild process.
The Placing is conditional, inter alia, on the approval of
shareholders at a general meeting of the Company to be held on 19
June 2019 (the "General Meeting") of resolutions to provide
authority to the Directors to issue and allot the Placing Shares,
the Offer Shares, the Consideration Shares and to approve the
Acquisition for the purposes of rule 14 of the AIM Rules for
Companies. The Placing is also conditional on admission of the
Placing Shares (and the re-admission of the Existing Ordinary
Shares) to trading on AIM ("Admission"). Application will be made
for the Placing Shares, the Offer Shares and the Consideration
Shares to be admitted (and the Existing Ordinary Shares to be
re-admitted) to trading on AIM and it is expected that Admission
will take place at 8.00 a.m. on 20 June 2019.
The Placing Shares will represent, in aggregate, approximately
48.7 per cent. of the Enlarged Share Capital on Admission (on the
assumption that the Open Offer to raise up to GBP1.0 million is
fully subscribed).
The Placing Shares will rank pari passu in all respects with the
Existing Ordinary Shares, including the right to receive dividends
and other distributions declared, made or paid in respect of the
Ordinary Shares.
Further details regarding the background to the Acquisition and
the Placing can be found in the Company's announcement made earlier
today.
Capitalised terms used in this announcement (this
"Announcement") have the meanings given to them in the announcement
made earlier today regarding the Placing and Acquisition (the
"Placing Announcement"), unless the context provides otherwise.
For further information please contact:
Totally plc 020 3866 3335
Wendy Lawrence, Chief Executive
Bob Holt, Chairman
Allenby Capital Limited (Nominated Adviser
& Joint Corporate Broker) 020 3328 5656
Nick Athanas
Liz Kirchner
Canaccord Genuity Limited (Joint Corporate
Broker) 020 7523 8000
Bobbie Hilliam
Alex Aylen
Yellow Jersey PR 020 3004 9512
Georgia Colkin
Joe Burgess
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
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