Esken Investors - ESKN

Esken Investors - ESKN

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Stock Name Stock Symbol Market Stock Type
Esken Limited ESKN London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 5.98 08:00:02
Open Price Low Price High Price Close Price Previous Close
5.98
more quote information »
Industry Sector
INDUSTRIAL TRANSPORTATION

Top Investor Posts

Top Posts
Posted at 19/10/2022 17:46 by stluke
Savvy investor onboard - RG
Posted at 27/1/2022 21:48 by blackhorse23
All big investors are shareholders this company
Posted at 17/8/2021 06:21 by garycook
95.1% take up of New shares.



17 August 2021

Esken Limited

("Esken", the "Company" or the "Group")

Results of Open Offer

On 27 and 28 July 2021, the Company announced details of a proposed fully underwritten Firm Placing and Placing and Open Offer (together the "Capital Raise") to raise gross proceeds of GBP55 million.

The Company is pleased to announce the results of the Open Offer, which closed for acceptances at 11.00 a.m. on 16 August 2021.

The Company has received valid acceptances from Qualifying Shareholders under their basic Open Offer Entitlements in respect of 58,613,958 Open Offer Shares. In addition, the Company has received applications from Qualifying Shareholders under the Excess Application Facility in respect of 16,383,762 Open Offer Shares.

Accordingly, a total of 74,997,720 Open Offer Shares have been accepted or applied for under the Open Offer, including the Excess Application Facility, representing 95.1% per cent. of the Open Offer Shares.

Qualifying Shareholders who have validly applied for Open Offer Shares will receive their full Open Offer Entitlement. The remaining 3,868,045 Open Offer Shares, representing 4.9% per cent. of the Open Offer Shares, will be allocated to the Placees with whom the Open Offer Shares had been conditionally placed under the Placing. These Placees are the same institutions who subscribed for New Shares pursuant to the Firm Placing.

The Capital Raise remains conditional on, amongst other things, the approval by the Company's shareholders of the resolutions set out in the Notice of General Meeting contained in the combined prospectus and circular published by the Company on 28 July 2021 (the "Prospectus") at the General Meeting to be held at 11.00 a.m. today. The Company will announce the results of the General Meeting as soon as practicable after the meeting concludes.

Capitalised terms not otherwise defined in this announcement have the meanings given to them in the Prospectus, which is available on the Company's website (www.esken.com/investors).

David Shearer, Executive Chairman of Esken, said today:

"It is pleasing to see the level of support which we have received from our existing shareholders in the Open Offer. On behalf of the Board, I would like to express our gratitude to all those who have provided their support. The successful fundraise will give us a sound platform as we emerge from the pandemic."

Posted at 28/7/2021 20:45 by lpavlou
Can't work out where all the volume has come from today. Sone of the investors that bought at 14p have already exited the door at a 30percent profit, but who is buying those shares given daily volume is sub 500k. Tosca are going to have to make an announcement as they must be above 30percent stake now. If you really believe in the company this will be your lowest entry point as all the bad news is out there now
Posted at 28/7/2021 11:20 by greg the grinch
This is a general statement, shareholders get screwed all the time with many companies. It does make me wonder about new investors via a placing - could these include any insider shorters that got wind of the raise and price?

IMHO, new investors should be at the back of the queue after all the PI's have had their fill.

This is the only lemon in my porfolio.

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