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CNMI Camper & Nic.

8.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Camper & Nic. LSE:CNMI London Ordinary Share GG00B1FCZR96 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 8.00 6.00 10.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Camper & Nicholsons Marina Inv Ltd Results of Open Offer and EGM (7625M)

01/08/2017 12:43pm

UK Regulatory


Camper & Nic. (LSE:CNMI)
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TIDMCNMI

RNS Number : 7625M

Camper & Nicholsons Marina Inv Ltd

01 August 2017

Camper & Nicholsons Marina Investments Limited

("CNMI" or the "Company")

Results of Open Offer and EGM

The Company is pleased to announce that at its Extraordinary General Meeting held earlier today, the resolution put to Shareholders was duly passed. Accordingly, the Company will complete the Open Offer as announced on 14 July 2017.

Highlights:

-- GBP3.3 million (before expenses) raised pursuant to the Open Offer following shareholder approval at the Extraordinary General Meeting

-- Applications received for 25,452,256 New Ordinary Shares, representing a take-up rate of 61.4 per cent.

-- The remaining 15,993,833 New Ordinary Shares have all been taken up by First Eastern Holdings, pursuant to the Underwriting Agreement

-- First Eastern Holdings and FE Marina Investments now hold 67.16 per cent. of the Company's enlarged issued share capital

-- Net proceeds from the Open Offer, to be used by the Company for general working capital purposes across the Company and the Group, will allow the Company to optimise value through the execution of its strategic plan to develop and reposition its assets

Sir Christopher Lewinton, Chairman of the Company, commented:

"We are delighted to have received such a strong level of support for our proposals from our investors to enable us to execute our strategic plan to enable the Company to develop and reposition our assets."

The Company has received valid acceptances in respect of 25,452,256 New Ordinary Shares from Qualifying Shareholders, representing a take-up rate of 61.4 per cent.

The remaining 15,993,833 New Ordinary Shares that were the subject of the Open Offer have been subscribed for by First Eastern Holdings pursuant to the Underwriting Agreement. It has also subscribed for 14,276,966 New Ordinary Shares, being its entitlement under the Open Offer, and has therefore subscribed for a total of 30,270,799 New Ordinary Shares representing, in aggregate, 73.04 per cent. of the New Ordinary Shares being issued.

In addition, FE Marina Investments has subscribed for 10,360,451 New Ordinary Shares being its entitlement under the Open Offer, representing 34.45 per cent. of the total number of New Ordinary Shares being issued.

Following the issue of the New Ordinary Shares, First Eastern Holdings and FE Marina Investments will, in aggregate, hold 139,180,925 Ordinary Shares, representing 67.16 per cent. of the Company's issued share capital. The aggregate holding of the Concert Party will be 141,930,924 Ordinary Shares, representing 68.49 per cent. of the Company's issued share capital.

Directors' Shareholdings

 
                                  On Admission 
 Director              Number of Ordinary   Percentage 
                        Shares               of Enlarged 
                                             Share Capital 
 Sir Christopher 
  Lewinton             5,189,050            2.50 
 Roger Lewis           750,000              0.36 
 Clive Whiley*         2,750,000            1.33 
 Martin Bralsford**    5,854,349            2.83 
 Elizabeth Kan***      -                    - 
 Victor Chu***         -                    - 
 

* Mr Whiley's shares are held by the Zodiac Executive Pension Scheme of which he is a beneficiary

** Included within Mr Bralsford's shareholding are 1,300,000 ordinary shares (0.63 per cent. of the enlarged issued share capital) owned by Dirac Ltd, a company incorporated in Jersey, of which Mr Bralsford is the sole Director and beneficiary.

*** Mr Chu and Ms Kan have an indirect interest in the Company through their equity holdings in First Eastern Holdings and FE Marina Investments, which, together own 67.16 per cent. of the Company's enlarged issued share capital.

Details of the full notifications received by the Company in accordance with the requirements of the EU Market Abuse Regulation are set out below.

Admission

Application has been made to the London Stock Exchange for the 41,446,089 New Ordinary Shares, which rank pari passu with the Existing Ordinary Shares, to be admitted to trading on AIM. It is expected that Admission will become effective and that dealings will commence in the New Ordinary Shares at 8:00 a.m. on 2 August 2017.

Total Voting Rights

Following the issue of New Ordinary Shares, the Company will have 207,230,447 Ordinary Shares in issue. There are no shares held in treasury. The total of the voting rights in the Company is therefore 207,230,447 and Shareholders may use this figure as the denominator by which they are required to notify their interest in, or change to their interest in, the Company under the Disclosure and Transparency Rules.

Capitalised terms in this announcement, unless the context requires otherwise, shall have the same definition as in the circular sent to shareholders on 14 July 2017.

For further information contact:

 
 Camper & Nicholsons Marina 
  Investments Limited 
 Sir Christopher Lewinton               Tel: +44 (0)1481 
  / Clive Whiley                             711144 
 
 finnCap Ltd 
 Christopher Raggett / Emily             Tel: +44 (0)20 
  Watts / Kate Bannatyne                    7220 0500 
 
 
 1.   Details of the person discharging managerial 
       responsibilities/person closely associated 
---  -------------------------------------------------------------------------- 
 a)   Name:                              Roger Lewis 
---  ---------------------------------  --------------------------------------- 
 2.   Reason for the notification 
---  -------------------------------------------------------------------------- 
 a)   Position/status:                   Director 
---  ---------------------------------  --------------------------------------- 
 b)   Initial notification/Amendment:    Initial notification 
---  ---------------------------------  --------------------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, 
       auctioneer or auction monitor 
---  -------------------------------------------------------------------------- 
 a)   Name:                              Camper & Nicholsons Marina Investments 
                                          Limited 
---  ---------------------------------  --------------------------------------- 
 b)   LEI:                               N/a 
---  ---------------------------------  --------------------------------------- 
 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 of the financial       Ordinary shares of no par value 
       instrument, type of instrument:    GG00B1FCZR96 
       Identification code: 
---  ---------------------------------  --------------------------------------- 
 b)   Nature of the transaction:         Purchase of shares through the 
                                          Open Offer 
---  ---------------------------------  --------------------------------------- 
 c)   Price(s) and volume(s):              Price(s)   Volume(s) 
                                           ---------  ---------- 
                                            8p         150,000 
                                           ---------  ---------- 
---  ---------------------------------  --------------------------------------- 
 d)   Aggregated information:            Single transaction as in 4 c) 
        *    Aggregated volume:           above Price(s)   Volume(s) 
                                          ---------  ---------- 
                                           8p         150,000 
        *    Price:                       ---------  ---------- 
---  ---------------------------------  --------------------------------------- 
 e)   Date of the transaction:           2 August 2017 
---  ---------------------------------  --------------------------------------- 
 f)   Place of the transaction:          London Stock Exchange, AIM (XLON) 
---  ---------------------------------  --------------------------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities/person closely associated 
---  -------------------------------------------------------------------------- 
 a)   Name:                              Clive Whiley 
---  ---------------------------------  --------------------------------------- 
 2.   Reason for the notification 
---  -------------------------------------------------------------------------- 
 a)   Position/status:                   Director 
---  ---------------------------------  --------------------------------------- 
 b)   Initial notification/Amendment:    Initial notification 
---  ---------------------------------  --------------------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, 
       auctioneer or auction monitor 
---  -------------------------------------------------------------------------- 
 a)   Name:                              Camper & Nicholsons Marina Investments 
                                          Limited 
---  ---------------------------------  --------------------------------------- 
 b)   LEI:                               N/a 
---  ---------------------------------  --------------------------------------- 
 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 of the financial       Ordinary shares of no par value 
       instrument, type of instrument:    GG00B1FCZR96 
       Identification code: 
---  ---------------------------------  --------------------------------------- 
 b)   Nature of the transaction:         Purchase of shares through the 
                                          Open Offer 
---  ---------------------------------  --------------------------------------- 
 c)   Price(s) and volume(s):              Price(s)   Volume(s) 
                                           ---------  ---------- 
                                            8p         550,000 
                                           ---------  ---------- 
---  ---------------------------------  --------------------------------------- 
 d)   Aggregated information:            Single transaction as in 4 c) 
        *    Aggregated volume:           above Price(s)   Volume(s) 
                                          ---------  ---------- 
                                           8p         550,000 
        *    Price:                       ---------  ---------- 
---  ---------------------------------  --------------------------------------- 
 e)   Date of the transaction:           2 August 2017 
---  ---------------------------------  --------------------------------------- 
 f)   Place of the transaction:          London Stock Exchange, AIM (XLON) 
---  ---------------------------------  --------------------------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities/person closely associated 
---  -------------------------------------------------------------------------- 
 a)   Name:                              FE Marina Investments Limited 
---  ---------------------------------  --------------------------------------- 
 2.   Reason for the notification 
---  -------------------------------------------------------------------------- 
 a)   Position/status:                   PCA to Victor Chu, Director of 
                                          the Company 
---  ---------------------------------  --------------------------------------- 
 b)   Initial notification/Amendment:    Initial notification 
---  ---------------------------------  --------------------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, 
       auctioneer or auction monitor 
---  -------------------------------------------------------------------------- 
 a)   Name:                              Camper & Nicholsons Marina Investments 
                                          Limited 
---  ---------------------------------  --------------------------------------- 
 b)   LEI:                               N/a 
---  ---------------------------------  --------------------------------------- 
 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 of the financial       Ordinary shares of no par value 
       instrument, type of instrument:    GG00B1FCZR96 
       Identification code: 
---  ---------------------------------  --------------------------------------- 
 b)   Nature of the transaction:         Purchase of shares through the 
                                          Open Offer 
---  ---------------------------------  --------------------------------------- 
 c)   Price(s) and volume(s):              Price(s)   Volume(s) 
                                           ---------  ----------- 
                                            8p         10,360,451 
                                           ---------  ----------- 
---  ---------------------------------  --------------------------------------- 
 d)   Aggregated information:            Single transaction as in 4 c) 
        *    Aggregated volume:           above Price(s)   Volume(s) 
                                          ---------  ----------- 
                                           8p         10,360,451 
        *    Price:                       ---------  ----------- 
---  ---------------------------------  --------------------------------------- 
 e)   Date of the transaction:           2 August 2017 
---  ---------------------------------  --------------------------------------- 
 f)   Place of the transaction:          London Stock Exchange, AIM (XLON) 
---  ---------------------------------  --------------------------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities/person closely associated 
---  -------------------------------------------------------------------------- 
 a)   Name:                              First Eastern (Holdings) Limited 
---  ---------------------------------  --------------------------------------- 
 2.   Reason for the notification 
---  -------------------------------------------------------------------------- 
 a)   Position/status:                   PCA to Victor Chu, Director of 
                                          the Company 
---  ---------------------------------  --------------------------------------- 
 b)   Initial notification/Amendment:    Initial notification 
---  ---------------------------------  --------------------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, 
       auctioneer or auction monitor 
---  -------------------------------------------------------------------------- 
 a)   Name:                              Camper & Nicholsons Marina Investments 
                                          Limited 
---  ---------------------------------  --------------------------------------- 
 b)   LEI:                               N/a 
---  ---------------------------------  --------------------------------------- 
 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 of the financial       Ordinary shares of no par value 
       instrument, type of instrument:    GG00B1FCZR96 
       Identification code: 
---  ---------------------------------  --------------------------------------- 
 b)   Nature of the transaction:         Purchase of shares through the 
                                          Open Offer 
---  ---------------------------------  --------------------------------------- 
 c)   Price(s) and volume(s):              Price(s)   Volume(s) 
                                           ---------  ----------- 
                                            8p         30,270,799 
                                           ---------  ----------- 
---  ---------------------------------  --------------------------------------- 
 d)   Aggregated information:            Single transaction as in 4 c) 
        *    Aggregated volume:           above Price(s)   Volume(s) 
                                          ---------  ----------- 
                                           8p         30,270,799 
        *    Price:                       ---------  ----------- 
---  ---------------------------------  --------------------------------------- 
 e)   Date of the transaction:           2 August 2017 
---  ---------------------------------  --------------------------------------- 
 f)   Place of the transaction:          London Stock Exchange, AIM (XLON) 
---  ---------------------------------  --------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

ROMUGUUCRUPMGGG

(END) Dow Jones Newswires

August 01, 2017 07:43 ET (11:43 GMT)

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