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IDE Ide Group Holdings Plc

72.50
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
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

IDE Group Holdings PLC Result of Open Offer to Subscribe for Loan Notes (6933P)

12/02/2019 7:00am

UK Regulatory


Ide (LSE:IDE)
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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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