We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Be Heard Group Plc | LSE:BHRD | London | Ordinary Share | GB00BT6SJV45 | ORD GBP0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.475 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMBHRD
RNS Number : 6595X
Be Heard Group PLC
28 November 2017
Be Heard Group plc
("Be Heard", the "Company" or the "Group")
Result of General Meeting
28(th) November 2017
Be Heard is pleased to announce that at the General Meeting, held yesterday at 10.00 a.m in connection with the proposed Fundraising, which was announced on 9 November 2017, all resolutions were duly passed.
As previously announced, the Company has raised gross proceeds of GBP6.2 million (before expenses) by the issue of 78,000,000 Placing Shares at a price of 2.8 pence per share to raise GBP2.2 million and the issue of the Convertible Loan Notes to raise GBP4.0 million. The net proceeds of the Fundraising, being approximately GBP5.6 million, will be used primarily to fund the initial cash consideration payable in respect of the acquisition of The Corner, with the balance being used for general working capital purposes.
The Consideration Shares are to be issued at the mean average of the middle-market price at closing of the Ordinary Shares on each day of a 20 dealing day period ending on (and including) the dealing day which falls two dealing days prior to the date on which the Acquisition is completed, which has been determined to be 2.856 pence per Consideration Share. Therefore 90,898,240 New Ordinary Shares will be issued in respect of the GBP2,596,508.25 of initial consideration to be satisfied in shares.
Application has been made to the London Stock Exchange for 168,898,240 New Ordinary Shares to be admitted to trading on AIM. Admission is expected to take place at 8.00 a.m. on 29 November 2017. Following Admission, the Enlarged Share Capital will consist of 981,947,733 Ordinary Shares, with one voting right each. The Company does not hold any shares in treasury.
The above 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 FCA's Disclosure and Transparency Rules.
Director participation
Upon Admission, the aggregate holdings of Ordinary Shares and percentage interests of the Directors in the Enlarged Share Capital will be as follows:
Director Interest Resulting in Ordinary holding of Shares on Ordinary Shares Admission as % of Enlarged Share Capital Peter Scott 19,856,680 2.02% David Poutney 10,692,857 1.09% David Morrison 2,142,857 0.22% David Wilkinson 1,886,208 0.19% Ian Maude 2,605,989 0.27% Robin Price 2,897,227 0.30% Rakhi Goss-Custard 764,325 0.08%
In addition, the following Directors have subscribed for the Convertible Loan Note as follows:
Director Amount of Convertible Loan Note GBP Peter Scott 50,000 David Poutney 200,000 David Morrison 50,000
The same definitions apply throughout this announcement as are applied in the Circular, published on 10 November 2017, copies of which are available to download on the Company's website, www.beheardgroup.com.
Enquiries:
Be Heard Group plc +44 20 3828 6269 Peter Scott, Executive Chairman Robin Price, Chief Financial Officer & Chief Operating Officer N+1 Singer +44 20 7496 3000 Mark Taylor / Lauren Kettle Dowgate +44 20 3903 7715 James Serjeant FTI Consulting (Financial PR) +44 20 3727 1000 Jamie Ricketts / Niamh Fogarty
This information is provided by RNS
The company news service from the London Stock Exchange
END
ROMFELEEWFWSEDF
(END) Dow Jones Newswires
November 28, 2017 02:01 ET (07:01 GMT)
1 Year Be Heard Chart |
1 Month Be Heard Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions