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IDE Ide Group Holdings Plc

72.50
0.00 (0.00%)
24 Apr 2024 - Closed
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 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

IDE Group Holdings PLC Open Offer to Subscribe for Loan Notes (9242N)

24/01/2019 7:00am

UK Regulatory


Ide (LSE:IDE)
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TIDMIDE

RNS Number : 9242N

IDE Group Holdings PLC

24 January 2019

IDE Group Holdings Plc

(the "Company")

Open Offer to Subscribe for Loan Notes

IDE Group Holdings plc, the mid-market network, cloud and IT Managed Services provider, announces that pursuant to the announcement made on 10 January 2019, it is today posting a letter to shareholders along with an application form in relation to the open offer to subscribe for up to GBP4.7 million secured loan notes on the basis of 1 GBP1 loan note for every 40 existing ordinary shares held by shareholders* at the record date, being 21 January 2019, not 9 January 2019 as per originally announced.

A copy of the letter and loan note instrument constituting the loan notes can be found on the Company's website www.idegroup.com.

Where undefined, all capitalised terms in this announcement will have the same meaning as defined in the announcement published on 10 January 2019.

EXPECTED TIMETABLE OF PRINCIPAL EVENTS

 
                                                                       2019 
 Record Date and time for entitlements                 Close of business on 
  under the Open Offer                                           21 January 
 Publication and posting of this Letter                          24 January 
  and the Application Form 
 Ex-entitlement Date                                             25 January 
 Latest time and date for splitting Application     3.00 p.m. on 7 February 
  Forms (to satisfy bona fide market claims 
  only) 
 Latest time and date for receipt of completed    11.00 a.m. on 11 February 
  Application Forms from shareholders and 
  payment in full under the Open Offer 
 Expected date for despatch of loan note                        22 February 
  certificates 
 

* other than MXC and Blake who subscribed for the First Tranche Loan Notes. MXC is underwriting the Open Offer.

 
 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

January 24, 2019 02:00 ET (07:00 GMT)

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