Haydale Graphene Industries PLC Result of Open Offer (5176S)
12 März 2019 - 8:00AM
UK Regulatory
TIDMHAYD
RNS Number : 5176S
Haydale Graphene Industries PLC
12 March 2019
THIS ANNOUNCEMENT, AND THE INFORMATION CONTAINED HEREIN, IS
RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE
UNITED STATES OF AMERICA, CANADA, THE REPUBLIC OF SOUTH AFRICA,
AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE,
PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
12 March 2019
HAYDALE GRAPHENE INDUSTRIES PLC
("Haydale" or the "Company")
Result of Open Offer
On 22 February 2019, the Company published its shareholder
circular (the "Circular") in connection with the Fundraising. The
Open Offer closed for acceptances at 11.00 a.m. on 11 March
2019.
Valid acceptances have been received from Qualifying
Shareholders in respect of 89,145,075 Open Offer Shares, including
applications for 13,447,299 Open Offer Shares under the Excess
Application Facility. This represents approximately 44.6 per cent.
of the maximum number of Open Offer Shares available under the Open
Offer.
Qualifying Shareholders who have validly applied for Open Offer
Shares will receive their full Open Offer Entitlement. Applications
for New Ordinary Shares under the Excess Application Facility will
be met in full.
The Company has therefore raised gross proceeds of GBP1.8
million through the Open Offer. This is in addition to the
approximately GBP4.0 million (before expenses) to be raised
pursuant to the Placing and the Subscription. It is expected that
the Admission of the 89,145,045 Open Offer Shares will become
effective at 8.00 a.m. on 13 March 2019.
Open Offer Shares (held in uncertificated form) are expected to
be credited to CREST accounts on 13 March 2019 and definitive share
certificates for the Open Offer Shares (held in certificated form)
are expected to be despatched to shareholders who hold their
Ordinary Shares in certificated form by 27 March 2019.
The Fundraising remains conditional upon, amongst other things,
Shareholder approval of the Resolutions at the General Meeting to
be held later today and Admission.
Capitalised terms used in this announcement shall have the same
meanings given to them in the Circular.
Further enquiries:
Haydale Group Tel: 01269 842 946
David Banks Interim Executive Chairman
Keith Broadbent Chief Operating Officer
Arden Partners Tel: 0207 614 5900
Paul Shackleton / Ruari McGirr / Benjamin Cryer Corporate Finance
Fraser Marshall Corporate Broking
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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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