Taihua Plc Results of Open Offer (1164K)
September 16 2016 - 11:29AM
UK Regulatory
TIDMTAIH
RNS Number : 1164K
Taihua Plc
16 September 2016
Taihua plc
("Taihua" or the "Company")
Results of Open Offer
The Company is pleased to announce the results of the Open Offer
which closed for acceptances at 11.00 a.m. on 16 September
2016.
The Company has received valid acceptances in respect of
2,282,730 Open Offer Shares. Qualifying Shareholders who have
validly applied for Open Offer Shares will receive their full Open
Offer Entitlement.
In addition, Mr Tao Ji has applied for the allotment of
20,628,582 Open Offer Shares pursuant to the underwriting agreement
made between the Company and Mr Ji on 25 August 2016.
The Company has accordingly today issued and allotted 22,911,312
Ordinary Shares ("Open Offer Shares") at an issue price of 2.63p to
raise GBP602,567.51. Application has been made to admit the Open
Offer Shares to trading on AIM and dealings are expected to
commence on 19 September 2016.
Following the issue of the Open Offer Shares, the Mr Tao Ji now
holds 28,163,461 Ordinary Shares representing approximately 26.91%
of the issued share capital of the Company.
For the purposes of the Financial Conduct Authority's Disclosure
and Transparency Rules, the total number of ordinary shares of 0.1p
each in the capital of the Company in issue as at the date of this
notice is 104,648,642 with each share carrying the right to one
vote. There are no shares held in treasury. Therefore, the total
number of voting rights in the Company is 104,648,642. This figure
may be used by shareholders in the Company 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
share capital of the Company under the Disclosure and Transparency
Rules.
Enquiries:
Nicholas Lyth, Taihua plc 07769 906 686
Katy Mitchell, WH Ireland Limited +44 161 832 2174
This information is provided by RNS
The company news service from the London Stock Exchange
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