GB Group PLC Result of Placing (6255E)

TIDMGBG

RNS Number : 6255E

GB Group PLC

09 May 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, AUSTRALIA, CANADA, JAPAN, SINGAPORE, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES. THE SECURITIES DISCUSSED HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE US SECURITIES ACT OF 1933, AS AMENDED (THE "US SECURITIES ACT") AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE US SECURITIES ACT. NO PUBLIC OFFERING OF THE SECURITIES DISCUSSED HEREIN IS BEING MADE IN THE UNITED STATES AND THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFERING OF SECURITIES FOR SALE IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SINGAPORE OR THE REPUBLIC OF SOUTH AFRICA.

FURTHER, THIS ANNOUNCEMENT IS MADE FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE SHARES IN GB GROUP PLC IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.

 
 Date:       9 May 2017 
 On behalf   GB Group plc ("GBG" or the "Group" 
  of:         or the "Company") 
 Embargoed   Immediate release 
  until: 
 

GB GROUP PLC

Result of Placing

GBG, the identity data intelligence specialist, is pleased to announce the successful completion of the placing announced earlier today (the "Placing") in connection with GBG's conditional agreement to acquire the entire issued share capital of Postcode Anywhere (Holdings) Ltd ("PCA Predict").

A total of 17,058,824 new Ordinary Shares of the Company (the "Placing Shares") have been placed by Peel Hunt LLP ("Peel Hunt") by way of a vendor placing at a price of 340 pence per share (the "Placing Price"), representing a 3.4 per cent discount to the closing price on 8 May 2017 (being the day prior to this announcement) with new and existing investors, raising proceeds of approximately GBP58 million.

The Placing Shares will represent approximately 12.7 per cent. of the existing Ordinary Shares.

Application has been made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM. It is expected that admission to AIM will become effective and that dealings on AIM will commence in the Placing Shares on 11 May 2017.

Chris Clark, GBG's CEO, commented,

"I would like to thank our existing and new shareholders for the faith they have put in GBG. The widespread investor interest in this fundraise is a strong endorsement of GBG's momentum and prospects."

Total Voting Rights

In accordance with the provisions of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the issue of the Placing Shares, its issued share capital will comprise 151,765,745 ordinary shares of 2.5 pence each. All of the ordinary shares have equal voting rights. The total number of voting rights in the Company is therefore 151,765,745.

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 share capital of the Company under the Disclosure Guidance and Transparency Rules.

Unless otherwise stated, defined terms used in this announcement will have the meaning set out in the Placing Announcement.

For further information, please contact:

 
 GB Group plc 
  Chris Clark, Chief Executive 
  Dave Wilson, Group Finance and 
  Operations Director                     01244 657333 
------------------------------------  ---------------- 
 Peel Hunt LLP (Nominated Adviser, 
  Broker and Bookrunner) 
   Corporate: Richard Kauffer, Euan 
   Brown                                 020 7418 8900 
   ECM: Al Rae, Rory James-Duff, 
   Sohail Akbar                          020 7418 8914 
------------------------------------  ---------------- 
 Newgate 
  Bob Huxford 
  Ed Treadwell 
  Sophie O'Donoghue                      020 7680 6550 
------------------------------------  ---------------- 
 Website                                www.gbgplc.com 
------------------------------------  ---------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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May 09, 2017 08:01 ET (12:01 GMT)