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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Harwood Wealth Management Group Plc | LSE:HW. | London | Ordinary Share | GB00BYYWB172 | ORD 0.25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 142.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMHW.
RNS Number : 5779C
Harwood Wealth Management Group PLC
18 April 2017
18 April 2017
Harwood Wealth Management Group plc
("Harwood" or the "Company")
Result of general meeting
Director's holdings
and
total voting rights
Result of general meeting
On 30 March 2017 Harwood (AIM: HW.), a leading UK based financial planning and discretionary wealth management group, announced that it had conditionally raised net proceeds of GBP10 million through the successful placing of 6,954,000 shares at a price of 150 pence per new share (the "Placing"). The Placing was arranged by N+1 Singer.
The net proceeds of the Placing (being approximately GBP10 million) will be used principally to finance new acquisitions.
In conjunction with the Placing, Neil Dunkley (Joint Chief Executive Officer), Sian Dunkley (Neil Dunkley's wife) and Mark Howard (Chief Commercial Officer) (together the "Selling Shareholders"), conditionally agreed to sell 1,333,000 existing shares at the same price as the Placing (the "Share Sale"). The Selling Shareholders also agreed to a 12 month lock-in in respect of their remaining shares.
The Company is pleased to announce that at the general meeting held earlier today all resolutions proposed were passed and accordingly both the Placing and Share Sale will complete upon admission of the 6,954,000 new shares to trading on AIM expected on or around 19 April 2017 ("Admission").
Total voting rights
Following Admission the number of ordinary shares of 0.25p each in the capital of the Company in issue and number of voting rights will be 62,542,927. There are no shares held in treasury. The above figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
Directors' interests
Immediately following Admission, the Selling Shareholders will together hold an aggregate of 20,066,012 Ordinary Shares, representing 32.08 per cent. of the Enlarged Share Capital, as set out in the table below:
Number Number Percentage of Sale of Ordinary of Enlarged Shares Shares Share Capital post Admission post Admission Neil Dunkley* 333,250 6,893,856 11.02% Mark Howard 666,500 10,033,006 16.04%
* Neil Dunkley is married to Sian Dunkley. Sian Dunkley is also selling 333,250 of the Sale Shares and will hold 3,139,150 Ordinary Shares representing 5.02 per cent. of the Enlarged Share Capital following Admission.
Enquiries:
Harwood Wealth Management Group +44 (0) 23 plc 9252 2004 Neil Dunkley, Joint Chief Executive Officer Alan Durrant, Joint Chief Executive Officer +44 (0) 20 N+1 Singer 7496 3000 Alex Price/Alex Laughton-Scott +44 (0)20 8004 Alma PR 4218 Josh Royston/Robyn Fisher/John Coles
This information is provided by RNS
The company news service from the London Stock Exchange
END
ROMLIFFASRITLID
(END) Dow Jones Newswires
April 18, 2017 05:30 ET (09:30 GMT)
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