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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Eservglobal Limited | LSE:ESG | London | Ordinary Share | AU000000ESV3 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.45 | 5.40 | 5.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMESG
RNS Number : 7231E
eServGlobal Limited
22 October 2018
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES OF AMERICA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS.
22 October 2018
eServGlobal Limited (AIM: ESG, ASX: ESV) ("eServGlobal" or the "Company")
Completion of Entitlement Offer
eServGlobal is pleased to announce the successful completion of the retail component ("Retail Offer") of its 1 for 11 accelerated non-renounceable entitlement offer ("Entitlement Offer").
Completion of the Retail Offer represents the second stage of the Company's approximately GBP19 million Fundraising, announced on 27 September 2018.
The institutional component of the Entitlement Offer ("Institutional Offer") closed on 27 September 2018, as announced on the ASX and AIM on the same day and raised approximately GBP3.92 million (AUS$6.90 million).
The Retail Offer raised approximately GBP1.23 million (AUS$2.17 million). The Company received valid applications from Qualifying Holders for 4,559,068 shares ("Retail Offer Shares") (approximately GBP0.285 million, AUS$0.5 million) representing 23.1 per cent. of the Retail Offer.
The New Ordinary Shares not taken up by Qualifying Holders under the Retail Offer have been allocated to the institutional investors who have agreed to subscribe for these Retail Offer Shares in the Clawback Placing ("Clawback Placing Shares"). The total amount of New Ordinary Shares that will be issued to the institutional investors is 15,165,452 shares.
Accordingly it is expected that admission of the 4,559,068 Retail Offer Shares and the 15,165,452 Clawback Placing Shares, represented by Depository Interests, will take place at 8.00 a.m. on 24 October 2018 ("Admission") on AIM. Following Admission, the Company will have 1,210,850,662 Ordinary Shares in issue. There are no shares held in treasury. The total voting rights will therefore be 1,210,850,662. This figure may be used by shareholders 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 Company under the FCA's Disclosure Guidance and Transparency Rules.
Directors' shareholdings
The following Director made applications to subscribe for, in aggregate 128,787 Retail Offer Shares, as detailed in the table below:
Director Number of Retail Total shares held Resultant Holding Offer Shares subscribed following Admission (%) for Stephen Baldwin 141,302 1,695,634 0.14% ------------------------- --------------------- ------------------ 1. Details of the person discharging managerial responsibilities / person closely associated a) Name Stephen Baldwin ------------------------------- ------------------------------------------- 2. Reason for the Notification ---------------------------------------------------------------------------- a) Position/status Non- executive Director ------------------------------- ------------------------------------------- b) Initial notification/Amendment Initial notification ------------------------------- ------------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ---------------------------------------------------------------------------- a) Name eServGlobal Ltd ------------------------------- ------------------------------------------- b) LEI 2138004R9LU2RXG3O594 ------------------------------- ------------------------------------------- 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 Ordinary Shares (represented by Depository Financial instrument, Interests) type of instrument Identification code AU0000ESVAR5 ------------------------------- ------------------------------------------- b) Nature of the transaction Subscription for Ordinary Shares ------------------------------- ------------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) A$ 0.11 (GBP 0.0625) 141,302 ---------- ------------------------------- ------------------------------------------- d) Aggregated information: Price(s) Volume(s) * Aggregated volume A$ 0.11 (GBP 0.0625) 141,302 ---------- * Price ------------------------------- ------------------------------------------- e) Date of the transaction 24 October 2018 ------------------------------- ------------------------------------------- f) Place of the transaction London Stock Exchange, AIM Market (XLON) ------------------------------- -------------------------------------------
All capitalised terms in this announcement and not otherwise defined shall have the meaning given to them in the Retail Offer Booklet dated 4 October 2018.
Enquiries:
eServGlobal www.eservglobal.com Tom Rowe, Company Secretary investors@eservglobal.com Andrew Hayward, Chief Financial Officer Alison Cheek, VP Corporate Communications finnCap Ltd (Nomad and Broker) www.finnCap.com Corporate Finance - Jonny Franklin-Adams T: +44 (0) 20 7220 0500 / Anthony Adams / Hannah Boros ECM - Tim Redfern/ Richard Chambers Veritas Securities Limited, Joint Broker (Australia) Robert Scappatura +61 2 8252 3200 Alma PR (Financial Public Relations) www.almapr.co.uk Hilary Buchanan / John Coles T: +44 (0) 208 004 4218 Tulchan Communications LLP www.tulchangroup.com Jonathan Sibun / James Macey White T: +44 (0)207 353 4200 / Matt Low
This information is provided by RNS, the news service of the 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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(END) Dow Jones Newswires
October 22, 2018 02:00 ET (06:00 GMT)
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