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ESG Eservglobal Limited

5.45
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
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

eServGlobal Limited Results of Entitlement Offer (5156W)

15/11/2017 7:01am

UK Regulatory


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TIDMESG

RNS Number : 5156W

eServGlobal Limited

15 November 2017

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.

Results of Entitlement Offer

Sydney: 15 November 2017

eServGlobal Limited (AIM: ESG, ASX: ESV) ("eServGlobal" or the "Company")

eServGlobal is pleased to announce the successful completion of the retail component ("Retail Offer") of its 1 for 3 accelerated non-renounceable entitlement offer ("Entitlement Offer").

Completion of the Retail Offer represents the second stage of the Company's approximately GBP24.0 million Fundraising, announced on 20 October 2017.

The institutional component of the Entitlement Offer ("Institutional Offer") closed on 20 October 2017, as announced on the ASX and AIM on the same day and raised approximately GBP15.8 million.

The Retail Offer was strongly supported by the Company's retail shareholders. The Company received valid applications from Qualifying Holders for approximately 28,237,312 shares ("Retail Offer Shares") (approximately GBP2.54 million) representing 74.92% of the Retail Offer.

The approximately 9,450,634 New Ordinary Shares not taken up by Qualifying Holders under the Retail Offer have been allocated to the institutional investor who has agreed to subscribe for these Retail Offer Shares in the Clawback Placing ("Clawback Placing Shares").

It is expected that admission of the 28,237,312 Retail Offer Shares and the 9,450,634 Clawback Placing Shares in the form of Depository Interests on AIM will take place at 8.00 a.m. on 20 November 2017 in accordance with the published timetable for the Entitlement Offer ("Admission"). Following Admission, the Company will have 906,850,662 Ordinary Shares in issue. There are no shares held in treasury. The total voting rights will therefore be 906,850,662. 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 Directors and their PCAs made applications to subscribe for, in aggregate 721,399 Retail Offer Shares, as detailed in the table below:

 
 Director             Number of Retail   Total shares      Resultant 
                       Offer Shares       held following    Holding (%) 
                       subscribed         Admission 
                       for 
-------------------  -----------------  ----------------  ------------- 
 John Conoley         221,962            1,596,638         0.17 
-------------------  -----------------  ----------------  ------------- 
 Fiona Conoley 
  (spouse of 
  John Conoley)       110,855            636,590           0.07 
-------------------  -----------------  ----------------  ------------- 
 Total (held 
  directly and 
  indirectly 
  by John Conoley)    332,817            2,233,228         0.25 
-------------------  -----------------  ----------------  ------------- 
 Stephen Baldwin      388,582            1,554,332         0.17 
-------------------  -----------------  ----------------  ------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------------- 
 a)   Name                             John Conoley 
---  -------------------------------  ------------------------------ 
 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                             eServGlobal Ltd 
---  -------------------------------  ------------------------------ 
 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                   Depository interests 
       the Financial 
       instrument, type 
       of instrument 
--- 
      Identification                   AU0000ESVAR5 
       code 
---  -------------------------------  ------------------------------ 
 b)   Nature of the                    Subscription for Depository 
       transaction                      Interests 
---  -------------------------------  ------------------------------ 
 c)   Price(s) and                      Price(s)    Volume(s) 
       volume(s)                        ----------  ---------- 
                                         GBP0.09     332,817 
                                        ----------  ---------- 
---  -------------------------------  ------------------------------ 
 d)   Aggregated information:          In relation to Mr. Conoley, 
        *    Aggregated volume          221,962 depository interests 
                                        of no par value purchased 
                                        at 9 pence per depository 
        *    Price                      interest. 
                                        In relation to Mrs. Conoley, 
                                        110,855 depository interests 
                                        of no par value purchased 
                                        at 9 pence per depository 
                                        interest. 
---  -------------------------------  ------------------------------ 
 e)   Date of the transaction          10 November 2017 
---  -------------------------------  ------------------------------ 
 f)   Place of the                     London Stock Exchange, AIM 
       transaction                      Market (XLON) 
---  -------------------------------  ------------------------------ 
 
 
 5.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------------------- 
 a)   Name                             Stephen Baldwin 
---  -------------------------------  ---------------------------------- 
 6.   Reason for the Notification 
---  ------------------------------------------------------------------- 
 a)   Position/status                  Director 
---  -------------------------------  ---------------------------------- 
 b)   Initial notification/Amendment   Initial notification 
---  -------------------------------  ---------------------------------- 
 7.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------------------- 
 a)   Name                             eServGlobal Ltd 
---  -------------------------------  ---------------------------------- 
 b)   LEI                              n/a 
---  -------------------------------  ---------------------------------- 
 8.   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                   Ordinary Fully Paid Shares 
       the Financial 
       instrument, type 
       of instrument 
--- 
      Identification                   AU0000ESVAR5 
       code 
---  -------------------------------  ---------------------------------- 
 b)   Nature of the                    Subscription for Ordinary 
       transaction                      Fully Paid Shares 
---  -------------------------------  ---------------------------------- 
 c)   Price(s) and                      Price(s)    Volume(s) 
       volume(s)                        ----------  ---------- 
                                         A$0.15      388,582 
                                        ----------  ---------- 
---  -------------------------------  ---------------------------------- 
 d)   Aggregated information:          388,582 ordinary fully paid 
        *    Aggregated volume          shares of no par value purchased 
                                        at A$0.15 per share. 
 
        *    Price 
---  -------------------------------  ---------------------------------- 
 e)   Date of the transaction          10 November 2017 
---  -------------------------------  ---------------------------------- 
 f)   Place of the                     Australian Securities Exchange 
       transaction                      (ASX) 
---  -------------------------------  ---------------------------------- 
 

All capitalised terms in this announcement and not otherwise defined shall have the meaning given to them in the Retail Offer Booklet dated 27 October 2017.

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

Enquiries:

 
 eServGlobal                         www.eservglobal.com 
 Tom Rowe, Company Secretary         investors@eservglobal.com 
  Alison Cheek, VP Corporate 
  Communications 
  Andrew Hayward, Chief Financial 
  Officer 
 finnCap Ltd (Nomad and Broker)      www.finnCap.com 
  Corporate Finance                   T: +44 (0) 20 7220 
  Jonny Franklin-Adams / Anthony      0500 
  Adams / Hannah Boros 
  Corporate Broking 
  Tim Redfern/ Richard Chambers 
 Veritas Securities Limited, 
  Joint Broker (Australia) 
  Robert Scappatura                  +61 2 8252 3200 
 Alma PR (Financial Public           www.almapr.co.uk 
  Relations)                          T: +44 (0) 208 004 
  Hilary Buchanan / John Coles        4218 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

November 15, 2017 02:01 ET (07:01 GMT)

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