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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ide Group Holdings Plc | LSE:IDE | London | Ordinary Share | GB00BN4M3M55 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 72.50 | 70.00 | 75.00 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMIDE
RNS Number : 6933P
IDE Group Holdings PLC
12 February 2019
IDE Group Holdings Plc
("IDE" or the "Company")
Result of Open Offer to Subscribe for Loan Notes
Further to the announcements of 10 January 2019 and 24 January 2019, IDE, the mid-market network, cloud and IT Managed Services provider, is pleased to announce the result of the open offer to subscribe for up to GBP4.7 million loan notes (the "Second Tranche LNs"). Valid acceptances in respect of GBP1 million Second Tranche LNs have been received. Under the terms of the Underwriting Agreement, MXC will subscribe for the remaining GBP3.7 million Second Tranche LNs. The proceeds of the Second Tranche LNs will be used to repay IDE's remaining debt facilities with Natwest and to provide additional working capital for the Company.
Where undefined, all capitalised terms in this announcement will have the same meaning as defined in the announcement published on 10 January 2019.
IDE Group Holdings Plc Tel: +44 (0)344 Andy Parker, Executive Chairman 874 1000 finnCap Limited Tel: +44 (0)20 7220 Nominated Adviser and Broker 0500 Corporate finance: Jonny Franklin-Adams/ Scott Mathieson/ Hannah Boros ECM: Tim Redfern/ Richard Chambers MXC Capital Markets LLP Tel: +44 (0)20 7965 Financial Adviser 8149 Charlotte Stranner
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
February 12, 2019 02:00 ET (07:00 GMT)
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