TIDMHAYD
RNS Number : 6837K
Haydale Graphene Industries PLC
23 September 2016
THIS ANNOUNCEMENT IS RESTRICTED AND IT IS NOT FOR RELEASE,
PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR
AUSTRALIA OR ANY OTHER STATE OR JURISDICTION IN WHICH SUCH RELEASE,
PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL
Haydale Graphene Industries plc
("Haydale" or the "Company" or the "Group")
Result of Placing
Issue of Equity
Director Subscription/Shareholding
Pursuant to the announcement released this morning at 7.00 a.m.
(the "Placing and Acquisition Announcement"), the Company is
pleased to announce that Cantor Fitzgerald Europe, on behalf of the
Company, has successfully placed 1,272,437 new Ordinary Shares of 2
pence each in the Company ("Ordinary Shares") (the "Placing
Shares") at a price of 160 pence per share (the "Placing"),
representing a discount of approximately 6.8 per cent. to the price
of 171.7 pence per Existing Ordinary Share, being the average
Closing Price for the preceding 20 business days prior to this
announcement, with new and existing institutional investors,
raising gross proceeds of approximately GBP2.0 million.
Cantor Fitzgerald Europe acted as, sole bookrunner and broker in
connection with the Placing. Cairn Financial Advisers LLP acted as
nominated adviser to the Company.
In addition, certain of the directors and key management of the
Company have agreed to subscribe for a total of 34,750 new Ordinary
Shares on the same terms as the Placing (the "Subscription" and the
"Subscription Shares") raising gross proceeds of GBP55,600.
The Placing and Subscription will utilise the Company's existing
authorities to allot Ordinary Shares and therefore does not require
shareholder approval.
The Directors' interests as at today and following completion of
the Subscription and the Placing are as follows:
At the date On Admission
of this
Circular
Number Percentage Number of Number Percentage
of Existing of Existing Subscription of Ordinary of Ordinary
Name Ordinary Ordinary Shares Shares Shares*
Shares Shares
John Knowles 149,214 0.97 6,250 155,464 0.91%
Antony Belisario 379,050 2.46 - 379,050 2.23%
Ray Gibbs 476,000 3.09 6,000 482,000 2.83%
Matt Wood 3,571 0.02 6,250 9,821 0.06%
Roger Smith 288,455 1.87 - 288,455 1.69%
Graham Eves - - - - -
Roger Humm 28,459 0.18 6,250 34,709 0.20%
* assuming the issue of 312,500 Open Offer Shares and completion
of the Placing, Subscription and Open Offer
Participation by certain Directors (as per the table above) and
Trevor Rudderham (who has subscribed for 10,000 Subscription
Shares) in the Subscription is considered a "related party
transaction" under the AIM Rules. The Directors (other than Ray
Gibbs, Matt Wood, John Knowles and Roger Humm) consider, having
consulted with the Company's Nominated Adviser, that the terms of
participation for Ray Gibbs, Matt Wood, John Knowles, Roger Humm
and Trevor Rudderham in the Subscription are fair and reasonable in
so far as its Shareholders are concerned.
Pursuant to the Placing and Subscription, application will be
made for the 1,307,187 New Shares to be admitted to trading on AIM.
Subject to the Placing Agreement not having been terminated in
accordance with its terms, it is anticipated that admission of the
Placing Shares and Subscription Shares will occur at 8.00 a.m. on
or around 12 October 2016. The Placing Shares and the Subscription
Shares will be credited as fully paid and rank pari passu with the
Existing Ordinary Shares. Any Open Offer Shares subscribed for
under the Open Offer are also expected to be admitted to trading on
AIM on or around 12 October 2016 in accordance with the timetable
set out in the Placing and Acquisition Announcement.
Other than where defined, capitalised terms used in this
announcement have the meanings given to them in the Placing and
Acquisition Announcement.
For further information, please contact:
Haydale Graphene Industries +44 (0) 1269 842
plc 946
John Knowles, Chairman
Ray Gibbs, Chief Executive
Officer
Cairn Financial Advisers LLP
(Nomad) +44 (0) 20 7148 7900
Tony Rawlinson
Emma Earl
Cantor Fitzgerald Europe (Broker) +44 (0) 20 7894 7000
David Foreman (Corporate Finance)
Will Goode (Corporate Finance)
David Banks (Sales)
Hermes Financial PR
+44 (0) 7889 153
628
Trevor Phillips +44 (0) 7979 604
Chris Steele 687
Note to editors:
About Haydale Graphene Industries plc
Haydale has developed a patented scalable plasma process to
functionalise graphene and other nanomaterials. This enabling
technology can provide Haydale with a rapid and highly
cost-efficient method of supplying tailored solutions to enhance
applications for both raw material suppliers and product
manufacturers.
Functionalisation is carried out through a patented low-pressure
plasma process that treats both mined, organic fine powder and
other synthetically produced nanomaterial powders, producing
high-quality few layered graphenes and graphene nanoplatelets. The
process can functionalise with a range of chemical groups, with the
level of functionalisation tailored to the customer's needs. Good
dispersion improves the properties and performance of the host
material and ensures the final product performs as specified.
The Haydale plasma process does not use wet chemistry, nor does
it damage the material being processed; rather, it can clean up any
impurities inherent in the raw material. The technology is a low
energy user and most importantly environmentally friendly. The
Haydale process is a patented enabling technology, allowing the
Group to work with a raw material producer who seeks to add value
to the base product and tailor the outputs to meet the target
applications of the end user.
Haydale, based in South Wales and housed in a purpose-built
facility for processing and handling nanomaterials, is facilitating
the application of graphenes and other nanomaterials in fields such
as inks, sensors, energy storage, composites, paints and
coatings.
www.haydale.com Twitter: @haydalegraphene
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014. Upon publication of
this announcement, this information is now considered to be in the
public domain.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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