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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Utilitywise | LSE:UTW | London | Ordinary Share | GB00B6WVD707 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.903 | 1.806 | 2.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMUTW
RNS Number : 1050P
Utilitywise plc
19 October 2012
Utilitywise plc
("Utilitywise" or the "Company")
Secondary Placing of Ordinary Shares in Utilitywise plc
Utilitywise announces that, in order to satisfy market demand and broaden the shareholder base of the Company, finnCap, as the Company's broker, have today conducted an oversubscribed placing of 13,466,669 existing ordinary shares of 1p in the Company (the "Placing Shares" and the "Placing") with new and existing institutional investors.
The Placing Shares have been sold on behalf of certain directors of the Company ("Director Vendors") as set out below, and Hub Capital Partners Limited ("Hub Capital") financial adviser to the Company and of which Richard Feigen (non-executive chairman of the Company) is also a director. The Placing Shares were sold at a price of 75p per share and represent, in aggregate 21.8 per cent. of the issued share capital of Utilitywise. Mr Feigen is not participating in the Placing and his direct holding of 66,667 ordinary shares (representing 0.1% of the Company's issued share capital) is unchanged.
Subsequent to the Placing, the Director Vendors and Richard Feigen (together with Hub Capital) are interested in a total of 58.4 per cent. of the Company's issued share capital. All ordinary shares held by the Director Vendors subsequent to the Placing will remain subject to the lock-in obligations set out in the Company's admission document dated 6 June 2012 (the "Admission Document").
Placing Resultant shareholding Shareholder No. of Placing As % of issued No. of Ordinary As % of issued Shares share capital Shares share capital Geoff Thompson 9,333,334 15.1% 25,130,524 40.7% Adam Thompson 2,666,667 4.3% 7,180,150 11.6% Andrew Richardson 1,333,334 2.2% 3,590,075 5.8% Richard Feigen(*) 133,334 0.2% 188,638 0.3% Total 13,466,669 21.8% 36,089,387 58.4%
* Represents 133,334 ordinary shares being placed on behalf of Hub Capital
Pursuant to the terms of the lock-in obligations set out in the Admission Document: (i) the Director Vendors have been released from their respective lock-in obligations by finnCap to the extent of the Placing Shares sold in the Placing; (ii) Hub Capital have been released from their lock-in undertakings by the Company and finnCap; and (iii) finnCap has been released from its lock-in obligations by the Company.
For further information:
Utilitywise PLC 0870 626 0559 Geoff Thompson, CEO Adam Thompson, COO Andrew Richardson, CFO finnCap (NOMAD and broker) 0207 220 0500 Matt Goode / Charlotte Stranner / Henrik Persson (Corporate Finance) Simon Johnson (Corporate Broking) Newgate Threadneedle 020 7653 9850 Josh Royston / John Coles / Hilary Millar
This information is provided by RNS
The company news service from the London Stock Exchange
END
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