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SFOR S4 Capital Plc

50.05
0.21 (0.42%)
Last Updated: 08:36:54
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
S4 Capital Plc LSE:SFOR London Ordinary Share GB00BFZZM640 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.21 0.42% 50.05 50.10 51.50 50.80 48.20 48.20 181,507 08:36:54
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec 1.07B -159.63M -0.2743 -1.82 290.02M

S4 Capital PLC Results of Open Offer (9050K)

19/12/2018 7:00am

UK Regulatory


S4 Capital (LSE:SFOR)
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TIDMSFOR

RNS Number : 9050K

S4 Capital PLC

19 December 2018

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, GUERNSEY, JERSEY, JAPAN, HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE UNITED KINGDOM) OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

19 December 2018

S(4) CAPITAL PLC

("S(4) Capital" or the "Company")

Results of Open Offer

On 4 December 2018, the Board of S(4) Capital announced details of a share issue to raise gross proceeds of GBP74.0 million by way of a Firm Placing and a Placing and Open Offer (together the "Issue") in order to fund the cash consideration payable in connection with the MightyHive Merger.

The Issue and the MightyHive Merger remain conditional upon: (i) the Merger Agreement becoming or being declared unconditional in all respects; (ii) the Placing Agreement becoming or being declared unconditional in all respects and not having been terminated in accordance with its terms; (iii) the Issue Resolution passing at the General Meeting of the Company that has been convened for 20 December 2018; and (iv) Admission becoming effective.

Results of Open Offer

The Company is pleased to announce the results of the Open Offer, which closed for acceptances at 11.00 a.m. on 18 December 2018. Valid applications have been received in respect of 14,865,353 New Ordinary Shares, representing 58.05 per cent. of the number of New Ordinary Shares available under the Open Offer, excluding the New Ordinary Shares that the Directors, the Proposed Directors and their affiliates agreed not to take up.

Applications have been made for the New Ordinary Shares to be issued via the Open Offer to be admitted to trading on the standard segment of the Official List of the London Stock Exchange ("Admission"). It is expected that Admission and commencement of dealings in the new Ordinary Shares will occur at 8.00 a.m. on 24 December 2018.

Notification of transactions by PDRMRs

The following named PDMRs, or persons closely associated with such PDMRs, will acquire the following New Ordinary Shares pursuant to the Issue if Admission becomes effective.

 
         PDMR              Position      Shares acquired   Total beneficial 
                                                             holding after 
                                                              acquisition 
                        Non-executive 
       Paul Roy            director          223,605          1,592,863 
                       ---------------  ----------------  ----------------- 
                        Non-executive 
 Rupert Faure Walker       director          183,022          1,303,776 
                       ---------------  ----------------  ----------------- 
                        Non-executive 
     Sue Prevezer          director          227,272           227,272 
                       ---------------  ----------------  ----------------- 
 

The Notification of Dealing Form for each PDMR can be found below. This notification is made in accordance with the Market Abuse Regulation.

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                         Paul Roy 
     ---------------------------  ------------------------------------------ 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status              Non-executive director 
     ---------------------------  ------------------------------------------ 
 b)   Initial                      Initial 
       notification/ 
       Amendment 
     ---------------------------  ------------------------------------------ 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or auction 
       monitor 
     ----------------------------------------------------------------------- 
 a)   Name                         S(4) Capital plc 
     ---------------------------  ------------------------------------------ 
 b)   LEI                          LEI 21380068SP9V65KPQN68 
     ---------------------------  ------------------------------------------ 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type 
       of transaction; (iii) each date; and (iv) each place 
       where transactions have been conducted 
     ----------------------------------------------------------------------- 
 a)   Description                  Ordinary shares of 25 pence each 
       of the 
       financial 
       instrument, 
       type of 
       instrument 
                                    GB00BFZZM640 
       Identification 
       code 
     ---------------------------  ------------------------------------------ 
 b)   Nature 
       of the                        Share acquisition 
       transaction 
     ---------------------------  ------------------------------------------ 
 c)   Price(s)                       Price(s)    Volume(s) 
       and volume(s)                  GBP1.10     223,605 
                                                 ---------- 
     ---------------------------  ------------------------------------------ 
 d)   Aggregated 
       information 
                                      Aggregate   Aggregate   Aggregate 
        *    Aggregated volume         Price       Volume      Total 
                                      GBP1.10     223,605     GBP245,965.50 
                                                 ----------  -------------- 
 
        *    Price 
     ---------------------------  ------------------------------------------ 
 e)   Date of                      19 December 2018 
       the transaction 
     ---------------------------  ------------------------------------------ 
 f)   Place of                     XLON 
       the transaction 
     ---------------------------  ------------------------------------------ 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                         Rupert Faure Walker 
     ---------------------------  ------------------------------------------ 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status              Non-executive director 
     ---------------------------  ------------------------------------------ 
 b)   Initial                      Initial 
       notification/ 
       Amendment 
     ---------------------------  ------------------------------------------ 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or auction 
       monitor 
     ----------------------------------------------------------------------- 
 a)   Name                         S(4) Capital plc 
     ---------------------------  ------------------------------------------ 
 b)   LEI                          LEI 21380068SP9V65KPQN68 
     ---------------------------  ------------------------------------------ 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type 
       of transaction; (iii) each date; and (iv) each place 
       where transactions have been conducted 
     ----------------------------------------------------------------------- 
 a)   Description                  Ordinary shares of 25 pence each 
       of the 
       financial 
       instrument, 
       type of 
       instrument 
                                    GB00BFZZM640 
       Identification 
       code 
     ---------------------------  ------------------------------------------ 
 b)   Nature 
       of the                        Share acquisition 
       transaction 
     ---------------------------  ------------------------------------------ 
 c)   Price(s)                       Price(s)    Volume(s) 
       and volume(s)                  GBP1.10     183,022 
                                                 ---------- 
     ---------------------------  ------------------------------------------ 
 d)   Aggregated 
       information 
                                      Aggregate   Aggregate   Aggregate 
        *    Aggregated volume         Price       Volume      Total 
                                      GBP1.10     183,022     GBP201,324.20 
                                                 ----------  -------------- 
 
        *    Price 
     ---------------------------  ------------------------------------------ 
 e)   Date of                      19 December 2018 
       the transaction 
     ---------------------------  ------------------------------------------ 
 f)   Place of                     XLON 
       the transaction 
     ---------------------------  ------------------------------------------ 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                         Sue Prevezer 
     ---------------------------  ------------------------------------------ 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status              Non-executive director 
     ---------------------------  ------------------------------------------ 
 b)   Initial                      Initial 
       notification/ 
       Amendment 
     ---------------------------  ------------------------------------------ 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or auction 
       monitor 
     ----------------------------------------------------------------------- 
 a)   Name                         S(4) Capital plc 
     ---------------------------  ------------------------------------------ 
 b)   LEI                          LEI 21380068SP9V65KPQN68 
     ---------------------------  ------------------------------------------ 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type 
       of transaction; (iii) each date; and (iv) each place 
       where transactions have been conducted 
     ----------------------------------------------------------------------- 
 a)   Description                  Ordinary shares of 25 pence each 
       of the 
       financial 
       instrument, 
       type of 
       instrument 
                                    GB00BFZZM640 
       Identification 
       code 
     ---------------------------  ------------------------------------------ 
 b)   Nature 
       of the                        Share acquisition 
       transaction 
     ---------------------------  ------------------------------------------ 
 c)   Price(s)                       Price(s)    Volume(s) 
       and volume(s)                  GBP1.10     227,272 
                                                 ---------- 
     ---------------------------  ------------------------------------------ 
 d)   Aggregated 
       information 
                                      Aggregate   Aggregate   Aggregate 
        *    Aggregated volume         Price       Volume      Total 
                                      GBP1.10     227,272     GBP249,999.20 
                                                 ----------  -------------- 
 
        *    Price 
     ---------------------------  ------------------------------------------ 
 e)   Date of                      19 December 2018 
       the transaction 
     ---------------------------  ------------------------------------------ 
 f)   Place of                     XLON 
       the transaction 
     ---------------------------  ------------------------------------------ 
 

Unless otherwise defined, the terms used in this announcement shall have the same meaning as set out in the announcement released by S(4) Capital on 4 December 2018.

This Announcement should be read in its entirety. In particular, you should read and understand the information provided in the "Important Notices" section below.

 
 S(4) Capital plc                           via Powerscourt 
  Sir Martin Sorrell (Executive Chairman) 
 Powerscourt (PR Adviser to S(4) Capital    Tel: +44 (0)20 3328 
  plc)                                       9386 
  Elly Williamson 
  John Elliott 
 HSBC Bank plc (Joint Corporate Broker      Tel: +44 (0)20 7991 
  to S(4) Capital plc)                       8888 
  Adrian Lewis 
  Sam Barnett 
  Sam Hart 
 Dowgate Capital Limited (Joint Corporate   Tel: +44 (0)20 3903 
  Broker to S(4) Capital plc)                7715 
  James Serjeant 
  David Poutney 
 

Sir Martin Sorrell, Executive Chairman

S(4) Capital plc, 12 St James's Place, London SW1A 1NX

LEI 21380068SP9V65KPQN68

IMPORTANT NOTICES

This Announcement has been prepared by, and is the sole responsibility of, the Directors of S(4) Capital plc.

Dowgate, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority (the "FCA"), is acting for S(4) Capital plc in connection with the proposals set out in this Announcement and for no one else and will not be responsible to anyone other than S(4) Capital plc for providing the protections afforded to their clients or for providing advice in relation to this Announcement or any matters referred to herein.

HSBC, which is authorised and regulated in the United Kingdom by the Prudential Regulation Authority and the FCA, is acting for S(4) Capital plc in connection with the proposals set out in this Announcement and for no one else and will not be responsible to anyone other than S(4) Capital plc for providing the protections afforded to their clients or for providing advice in relation to this Announcement or any matters referred to herein.

No representation or warranty, express or implied, is made by Dowgate or HSBC as to the contents of this Announcement, or for the omission of any material from this Announcement, including its accuracy, completeness or verification connection with the Company or the offering and nothing in this Announcement is, or shall be relied upon as, a warranty or representation in this respect, whether as to the past or future. No liability whatsoever is accepted by either HSBC or Dowgate or any of their affiliates for the accuracy of any information or opinions contained in this Agreement or for the omission of any material information, for which the Company is solely responsible. Neither Dowgate nor HSBC has authorised the contents of, or any part of, this Announcement and no liability whatsoever is accepted by Dowgate or HSBC for the accuracy of any information or opinions contained in this document or for the omission of any information from this Announcement.

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

MSCLVLLFVLFEFBB

(END) Dow Jones Newswires

December 19, 2018 02:00 ET (07:00 GMT)

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