SEC S.p.A Closure of Shareholder Offer and Placing (8286W)

TIDMSECG

RNS Number : 8286W

SEC S.p.A

03 August 2018

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A BREACH OF THE RELEVANT SECURITIES LAWS OF SUCH JURISDICTION.

This announcement does not constitute a prospectus or offering memorandum or an offer in respect of any securities and is not intended to provide the basis for any decision in respect of SEC S.p.A or other evaluation of any securities of SEC S.p.A. or any other entity and should not be considered as a recommendation that any investor should subscribe for or purchase any such securities.

SEC S.p.A.

("SEC" or the "Company")

Closure of Shareholder Offer and Placing

Further to the announcement of 17 July 2018, the Company confirms that the Shareholder Offer and associated Placing, as defined in that announcement, has now closed raising approximately GBP1,229,335.

172,006 Ordinary Shares of no par value, were issued pursuant to the Shareholder Offer and 1,108,552 Ordinary Shares of no par value were issued pursuant to the Placing. Accordingly the Company confirms that 1,280,558 Ordinary Shares of no par value, at a price of 96p ("Total Shares") have now been issued and allotted, subject only on Admission.

Admission

Application has been made to admit the Total Shares to trading on AIM and admission in the Total Shares is anticipated to take place, and dealings in the Total Shares is expected to commence, on or around 9 August 2018.

Total Voting Rights

For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of the Company following Admission will consist of 13,502,533 Ordinary Shares with voting rights attached (one vote per Ordinary Share). There are no Ordinary Shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, the Company under the DTRs.

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.

Further information:

For further information please contact:

SEC S.p.A.

   Fiorenzo Tagliabue (CEO)                                Telephone: [phone] 

WH Ireland

   Katy Mitchell and Jessica Cave                         Telephone: [phone] 

EnVent Capital Markets Limited

   Paolo Verna                                                        Telephone [phone] 

Fidentiis S.V. S.A.

   Nicola Polato                                                       Telephone [phone] 

Peterhouse

   Martin Lampshire, Charles Goodfellow        Telephone: [phone] 

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August 03, 2018 10:33 ET (14:33 GMT)