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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Immotion Group Plc | LSE:IMMO | London | Ordinary Share | GB00BD5JRP64 | ORD GBP0.00040108663 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.475 | 3.40 | 3.55 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMIMMO
RNS Number : 9250F
Immotion Group PLC
19 November 2020
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR A SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY SECURITIES IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL, INCLUDING THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA. NEITHER THIS ANNOUNCEMENT NOR ANYTHING CONTAINED HEREIN SHALL FORM THE BASIS OF, OR BE RELIED UPON IN CONNECTION WITH, ANY SUCH OFFER, SOLICITATION OR COMMITMENT WHATSOEVER IN ANY OF THOSE JURISDICTIONS.
Immotion Group plc
("Immotion Group", "Immotion", the "Company" or the "Group")
Result of Placing & Subscription
Immotion Group is pleased to announce that, following strong investor demand, it has raised gross proceeds of GBP1,200,000 as result of the Fundraising announced earlier today.
A total of 23,324,368 Placing Shares in the Company have been placed by WH Ireland Limited and Alvarium Capital Partners Limited (the "Brokers") with new and existing investors at a price of 4 pence per share (the "Issue Price"). Additionally, as part of the Fundraising, a total of 6,675,632 Subscription Shares have been subscribed for in the Company.
Application has been made to the London Stock Exchange for the Fundraising Shares to be admitted to trading on AIM and it is anticipated that dealings in the Fundraising Shares will commence on AIM at 8.00 a.m. on 25 November 2020 ("Admission"). The Fundraising Shares will represent approximately 7.3 per cent. of the Company's issued share capital following completion of the Fundraising ("Enlarged Share Capital"). The Issue Price represents a premium of approximately 5.3 per cent. to the closing mid-market price of Immotion's existing ordinary shares of 3.8 pence on 18 November 2020 (being the last business day prior to the announcement of the Fundraising earlier today).
Following Admission, the Company's issued and fully paid share capital will consist of 409,538,083 Ordinary Shares, all of which carry one voting right per share. The Company does not hold any Ordinary Shares in treasury. The figure of 409,538,083 Ordinary Shares may be used by shareholders as the denominator for the calculation 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 of the Financial Conduct Authority.
Capitalised terms used but not defined in this announcement have the meanings given to them in the Company's announcement released earlier today in respect of the Placing unless the context provides otherwise.
Enquiries:
Immotion Group Martin Higginson Tel: +44 (0) 161 235 8505 WH Ireland Limited Corporate Finance: Tel: +44 (0) 207 220 (Nomad and Joint Broker) Adrian Hadden 1666 Darshan Patel Matthew Chan Sales / Corporate Broking: Jasper Berry David Kilbourn Alvarium Capital Partners Alex Davies Tel: +44 (0) 207 195 Limited 1458 (Joint Broker) Shard Capital Partners Damon Heath Tel: +44 (0) 207 186 Limited Erik Woolgar 9900 (Co-Broker)
This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.
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END
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(END) Dow Jones Newswires
November 19, 2020 10:15 ET (15:15 GMT)
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