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SYS Sysgroup Plc

34.00
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Sysgroup Investors - SYS

Sysgroup Investors - SYS

Share Name Share Symbol Market Stock Type
Sysgroup Plc SYS London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 34.00 08:00:00
Open Price Low Price High Price Close Price Previous Close
34.00 34.00 34.00 34.00 34.00
more quote information »
Industry Sector
MEDIA

Top Investor Posts

Top Posts
Posted at 11/6/2024 08:08 by bamboo2
Recording now available.
Posted at 10/6/2024 12:11 by hastings
Really enjoyed the Investor meet presentation. Looks like a very good team in place and significant growth potential!
Posted at 07/6/2024 08:06 by bamboo2
Retail offer. 33p.

The Retail Offer will be open to eligible investors in the United Kingdom at 8:00 a.m. on 7 June 2024. The Retail Offer is expected to close at 4:30 p.m. on 13 June 2024. Investors should note that financial intermediaries may have earlier closing times. The Retail Offer may close early if it is oversubscribed.
Posted at 07/6/2024 07:29 by bamboo2
6 June 2024

SysGroup plc ("SysGroup", the "Group" or the "Company")

Proposed Fundraising to raise approximately £10 million

SysGroup (AIM:SYS) the technology partner for delivery and management of cloud, data and security services to power Artificial Intelligence ("AI") and Machine Learning ("ML") transformation, is delighted to announce a proposed fundraising to conditionally raise approximately £10 million (before expenses) at a price of 33 pence per New Ordinary Share from new and existing Shareholders.

KEY HIGHLIGHTS

· Proposed equity fundraising of approximately £10 million, comprising of a conditional Placing and a conditional Subscription, as well as a conditional Retail Offer to raise up to a further £0.5 million

· Placing to be conducted by way of an ABB launching immediately following this Announcement

· Retail Offer to be launched following the close of the ABB on the BookBuild Platform

· Net proceeds of the proposed Fundraise will be used to fund an internal transformation project, strengthen the balance sheet to provide for ongoing working capital requirements as the business continues to drive growth, as well as liquidity for M&A opportunities, whilst ensuring that the Company remains compliant at all times with its obligations under its existing financing arrangements

· Issue Price of 33 pence per Fundraising Share

· Management to provide an investor presentation at 11:00 a.m. on 10 June 2024

· A General Meeting of the Company's Shareholders will take place at 1:00 p.m. on 24 June 2024

· Zeus is acting as Nominated Adviser, Sole Broker and Bookrunner to the Company in connection with the Fundraise



The Issue Price represents a discount of approximately 5.7 per cent. to the Closing Price of 35.0 pence per Ordinary Share on 5 June 2024, being the last practicable date prior to announcement of the Fundraising.

In addition, each of the Directors, the Company Secretary and certain sophisticated investors have indicated an intention to subscribe for New Ordinary Shares as part of the Subscription.

=============================

7 June 2024

SysGroup plc ("SysGroup", the "Group" or the "Company")

Result of Oversubscribed Placing and Subscription

SysGroup (AIM:SYS) the technology partner for delivery and management of cloud, data and security to power Artificial Intelligence ("AI") and Machine Learning ("ML") transformation, announces that, further to the announcement at 5:11 p.m. on 6 June 2024 (the "Announcement"), it has successfully conditionally completed and closed the conditional oversubscribed Placing and Subscription to raise gross proceeds of £11.0 million.

The Placing has conditionally raised gross proceeds of £8.9 million through the placing of 26,939,427 new Ordinary Shares to certain institutional and other investors. The Subscription has raised a further £2.1 million through the subscription of 6,242,423 new Ordinary Shares by Directors, a PDMR and certain sophisticated investors directly with the Company, in each case at the Issue Price of 33 pence per share.

In addition to the Placing and Subscription, the Company is providing all shareholders with the opportunity to subscribe for an aggregate of up to 1,515,151 Retail Offer Shares at the Issue Price, to raise up to approximately £0.5 million. No part of the Placing or Subscription is conditional on the Retail Offer proceeding or on any minimum take-up on the Retail Offer.
Posted at 07/6/2024 07:25 by apotheki
Result of Oversubscribed Placing and Subscription


SysGroup (AIM:SYS) the technology partner for delivery and management of cloud, data and security to power Artificial Intelligence ("AI") and Machine Learning ("ML") transformation, announces that, further to the announcement at 5:11 p.m. on 6 June 2024 (the "Announcement"), it has successfully conditionally completed and closed the conditional oversubscribed Placing and Subscription to raise gross proceeds of £11.0 million.


The Placing has conditionally raised gross proceeds of £8.9 million through the placing of 26,939,427 new Ordinary Shares to certain institutional and other investors. The Subscription has raised a further £2.1 million through the subscription of 6,242,423 new Ordinary Shares by Directors, a PDMR and certain sophisticated investors directly with the Company, in each case at the Issue Price of 33 pence per share.


In addition to the Placing and Subscription, the Company is providing all shareholders with the opportunity to subscribe for an aggregate of up to 1,515,151 Retail Offer Shares at the Issue Price, to raise up to approximately £0.5 million. No part of the Placing or Subscription is conditional on the Retail Offer proceeding or on any minimum take-up on the Retail Offer.


The Fundraising is conditional upon, inter alia, the approval by the Shareholders of the Fundraising Resolutions to be proposed at the General Meeting to be held at 1:00 p.m. on Monday 24 June 2024. A circular, containing further details of the Fundraising, Notice of General Meeting, proxy form and Application Form (together the "Circular") will be despatched to Shareholders today and will be available on the Company's website at hxxps://www.sysgroup.com/about-us/investor-relations/.


It is expected that Admission will occur, and that dealings will become effective on or around 8:00 a.m. on Wednesday 26 June 2024. The Placing Shares, the Subscription Shares and the Retail Offer Shares (together, the "Fundraising Shares") will be issued fully paid and will rank pari passu in all respects with the Company's existing Ordinary Shares, including the right to receive all dividends or other distributions made, paid or declared in respect of such shares.
Posted at 07/6/2024 07:20 by apotheki
Heejae Chae, Executive Chairman, commented: "We are pleased with the level of support from our existing shareholders and are delighted to welcome a number of new investors to the register who share our vision for the business in its next stage of growth. We trust that the Retail Offer provides smaller shareholders the opportunity to participate also."
Posted at 07/6/2024 07:18 by apotheki
Result of Oversubscribed Placing and Subscription



SysGroup (AIM:SYS) the technology partner for delivery and management of cloud, data and security to power Artificial Intelligence ("AI") and Machine Learning ("ML") transformation, announces that, further to the announcement at 5:11 p.m. on 6 June 2024 (the "Announcement"), it has successfully conditionally completed and closed the conditional oversubscribed Placing and Subscription to raise gross proceeds of £11.0 million.



The Placing has conditionally raised gross proceeds of £8.9 million through the placing of 26,939,427 new Ordinary Shares to certain institutional and other investors. The Subscription has raised a further £2.1 million through the subscription of 6,242,423 new Ordinary Shares by Directors, a PDMR and certain sophisticated investors directly with the Company, in each case at the Issue Price of 33 pence per share.



In addition to the Placing and Subscription, the Company is providing all shareholders with the opportunity to subscribe for an aggregate of up to 1,515,151 Retail Offer Shares at the Issue Price, to raise up to approximately £0.5 million. No part of the Placing or Subscription is conditional on the Retail Offer proceeding or on any minimum take-up on the Retail Offer.



The Fundraising is conditional upon, inter alia, the approval by the Shareholders of the Fundraising Resolutions to be proposed at the General Meeting to be held at 1:00 p.m. on Monday 24 June 2024. A circular, containing further details of the Fundraising, Notice of General Meeting, proxy form and Application Form (together the "Circular") will be despatched to Shareholders today and will be available on the Company's website at hxxps://www.sysgroup.com/about-us/investor-relations/.



It is expected that Admission will occur, and that dealings will become effective on or around 8:00 a.m. on Wednesday 26 June 2024. The Placing Shares, the Subscription Shares and the Retail Offer Shares (together, the "Fundraising Shares") will be issued fully paid and will rank pari passu in all respects with the Company's existing Ordinary Shares, including the right to receive all dividends or other distributions made, paid or declared in respect of such shares.
Posted at 29/5/2024 07:11 by hastings
The Chairman and major holder appears to be really driving the business. If he comes anywhere near replicating his success at SCAPA, there will be a lot of happy investors.
Posted at 13/12/2023 20:36 by bamboo2
Clearout of the old continues.

12 December 2023

SysGroup plc

("SysGroup", the "Company", or the "Group")

Board Changes

SysGroup plc (AIM:SYS), a managed service provider of end-to-end data solutions focused on Artificial Intelligence and Machine Learning, is pleased to announce the appointment of Mark Reilly as Non-Executive Director, effective immediately. In addition, after more than a six-year tenure, Mark Quartermaine, Non-Executive Director, will step down from the Board with immediate effect.

Mark Reilly is currently Managing Partner, Technology at IP Group plc. Mark was previously a non-executive director at Actual Experience plc and Mirriad Advertising plc. He has overseen more than 200 private and public company venture transactions and has over a decade of experience sitting on technology company boards. He was a board member of Wave Optics when it was sold to Snap Inc for over $500m and led the first investments into several of the UK's most exciting Deep tech start-ups. Mark holds a PhD in Engineering from Cambridge University.

Heejae Chae, Executive Chairman commented:

"We are delighted to welcome Mark Reilly to the Board as a Non-Executive Director. Mark's extensive background as an investor in deep and emerging technologies aligns seamlessly with our new strategic direction to become the go-to end-to-end data solution provider for companies embarking on their Artificial Intelligence ("AI") journey. His insights and experience in nurturing innovative tech ventures, particularly in AI and related fields, will be invaluable as we explore and integrate advanced AI solutions into our services. The Board is confident that Mark's unique perspective on technology investment and his hands-on experience with cutting-edge technologies will significantly contribute and accelerate our vision of becoming a leader in AI-driven IT services."

"On behalf of the Board, I would like to express its appreciation to Mark Quartermaine for his dedicated service and contribution to the Board and the Company over the past six years."

In accordance with Schedule 2(g) of the AIM rules, Mark Reilly (aged 44) holds or has held in the past five years the following directorships:

Current Directorships

No current directorships

Previous Directorships held during the last five years

Actual Experience Plc

Mirriad Advertising Plc

Mark holds no shares in the Company.

There is no further information on Mark required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

Following the appointment of Mark Reilly and resignation of Mark Quartermaine today, the Board comprises Heejae Chae (Executive Chairman); Martin Audcent (Chief Financial Officer); and Mike Fletcher, Paul Edwards and Mark Reilly (Non-Executive Directors).
Posted at 03/11/2022 07:20 by the chairman elect
SysGroup plc (AIM:SYS), the multi award-winning managed IT services, cyber security and cloud hosting provider, is pleased to announce that Adam Binks, Chief Executive Officer and Martin Audcent, Chief Financial Officer will host a live investor presentation relating to the Group's interim results for the period ending 30 September 2022 via the Investor Meet Company platform on 22 November 2022 at 11.00am GMT.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet SysGroup via:

hxxps://www.investormeetcompany.com/sysgroup-plc/register-investor

Investors who already follow SysGroup on the Investor Meet Company platform will automatically be invited.

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