Image Scan Holdings PLC Result of Placing (7261E)
May 10 2017 - 5:17AM
UK Regulatory
TIDMIGE
RNS Number : 7261E
Image Scan Holdings PLC
10 May 2017
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE
UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH
AFRICA, THE REPUBLIC OF IRELAND, NEW ZEALAND OR ANY OTHER
JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION
WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT
CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION,
OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE
OR DISPOSE OF ANY SECURITIES IN IMAGE SCAN HOLDINGS PLC OR ANY
OTHER ENTITY IN ANY JURISDICTION.
This announcement contains inside information
Image Scan Holdings plc
("Image Scan" or the "Company")
Result of Placing
Other than where defined, capitalised terms used in this
announcement have the meanings given to them in the announcement
released by the Company this morning at 7:00 a.m. (the "Placing
Announcement").
Result of Placing
Pursuant to the Placing Announcement, the Company is pleased to
announce that Cantor Fitzgerald Europe has successfully placed
9,500,000 new Ordinary Shares on behalf of the Company (the
"Placing Shares") in the Company at a price of 5.25 pence per
share, with new and existing institutional investors, as well by
way of the subscription of 500,000 new Ordinary Shares at the
Placing Price (the "Subscription Shares") by Mr William Mawer,
Chairman and Chief Executive Officer of the Company (the
"Subscription"). Pursuant to the Placing and Subscription, the
Company has raised gross proceeds of approximately GBP525,000. The
Placing Price represents a discount of approximately 6.7 per cent.
to the price of 5.625 pence per existing Ordinary Share, being the
closing price at the preceding business days prior to this
announcement.
Cantor Fitzgerald Europe acted as sole bookrunner and nominated
adviser to the Company in connection with the Placing. The Placing
is not underwritten.
Following this transaction Bill Mawer holds 5,204,682 Ordinary
Shares, representing approximately 3.8% of the enlarged total
issued share capital and voting rights of the company.
Pursuant to the Placing and Subscription, application has been
made for Admission. Subject to the Placing Agreement not having
been terminated in accordance with its terms, it is anticipated
that Admission will occur at 8.00 a.m. on or around 12 May 2017.
The Placing Shares and the
Subscription Shares will be credited as fully paid and rank pari
passu with the existing Ordinary Shares.
Following Admission, the Company will have a total of
135,604,577 Ordinary Shares in issue. This figure may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in the Company, under the Disclosure and
Transparency Rules.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014 ("MAR"). In addition, market
soundings (as defined in MAR) were taken in respect of the Placing
with the result that certain persons became aware of inside
information (as defined in MAR), as permitted by MAR. This inside
information is set out in this Announcement. Therefore, those
persons that received inside information in a market sounding are
no longer in possession of such inside information relating to the
Company and its securities.
For further information on the Company, please visit
www.ish.co.uk and for further information on the products, please
visit: www.3dx-ray.com
Enquiries
Image Scan Holdings plc +44 (0)1509 817 400
Bill Mawer, Chairman and ir@ish.co.uk
Chief Executive Officer
Sarah Atwell King, Company
Secretary
Cantor Fitzgerald Europe +44 (0)20 7894 7000
(Nominated Adviser and
Broker)
Rick Thompson / Michael
Reynolds (Corporate Finance)
David Banks / Alex Pollen
(Sales)
Bill Mawer - PDMR Notification Form
Notification of a Transaction pursuant to Article
19(1) of Regulation (EU) No. 596/2014
---------------------------------------------------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
----- --------------------------------------------------------------------------
a. Name William Mawer
----- --------------------------------------------
2 Reason for
notification
----- ---------------------------- --------------------------------------------
a. Position/Status Chairman and Chief Executive Officer
----- ---------------------------- --------------------------------------------
b. Initial notification/ Initial Notification
Amendment
----- --------------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--------------------------------------------------------------------------
a. Name Image Scan Holdings plc
----- ---------------------------- --------------------------------------------
b. LEI -
----- ---------------------------- --------------------------------------------
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 GBP0.01 each
of the financial
instrument, GB0031410581
type of instrument
Identification
Code
----- ---------------------------- --------------------------------------------
b. Nature of the Subscription for shares
transaction
----- ---------------------------- --------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
----- ---------------------------- --------------------- -----------------
GBP0.0525 500,000
-------------------------------------------------------- -----------------
d. Aggregated
information
- Aggregated 500,000
Volume
- Price 5.25 pence
---------------------------- --------------------------------------------------
e. Date of the 10 May 2017
transaction
----- ---------------------------- --------------------------------------------
f. Place of the AIM
transaction
----- ---------------------------- --------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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