TIDMACT
RNS Number : 5427F
Actual Experience PLC
15 July 2019
THIS ANNOUNCEMENT ("ANNOUNCEMENT") AND THE INFORMATION CONTAINED
HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO
OR FROM THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH
AFRICA, JAPAN, THE REPUBLIC OF IRELAND OR ANY OTHER JURISDICTION IN
WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND
SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN
OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY SHARES OR
OTHER SECURITIES OF ACTUAL EXPERIENCE PLC IN ANY JURISDICTION IN
WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.
Actual Experience plc
(the "Company" or "Actual" or "Actual Experience")
Result of Placing via Accelerated Book Build
Actual Experience plc (AIM: ACT), the analytics-as-a-service
company, is pleased to announce the result of the bookbuild
announced by the Company on 12 July 2019.
A total of 2,222,223 new Ordinary Shares in the Company (the
"Placing Shares") have been placed (conditional only on EIS
Admission or General Admission, as appropriate) at a price of 135
pence per new Ordinary Share (the "Placing Price") raising proceeds
of approximately GBP3 million (before expenses). The Placing Price
represents an 18.2 per cent. discount to the closing price on 11
July 2019 (being the trading day prior to the launch of the
Placing).
Share capital on completion of the Placing
Application will be made for the Placing Shares to be admitted
to trading on AIM. It is expected that settlement of the EIS
Placing Shares and EIS Admission will become effective on or around
19 July 2019 and that dealings in the 111,111 EIS Placing Shares
will commence at that time. It is expected that settlement of the
General Placing Shares and General Admission will become effective
on or around 22 July 2019 and that dealings in the 2,111,112
General Placing Shares will commence at that time.
On 22 July 2019, following Admission of both the EIS Placing
Shares and General Placing Shares, the Company's enlarged issued
share capital will comprise of 47,124,561 Ordinary Shares of 0.2p
each with voting rights in the Company. This figure may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in the interest in, the share capital of
the Company under the FCA's Disclosure Guidance and Transparency
Rules.
Related Party Transactions
IP2IPO Limited, a wholly owned subsidiary of IP Group plc ("IP
Group") and M&G Investment Management Limited ("M&G") are
substantial shareholders of the Company (the "Substantial
Shareholders") and therefore classified as related parties under
the AIM Rules.
IP Group has participated in the Placing in respect of 192,593
Placing Shares and M&G has participated in the Placing in
respect of 448,298 Placing Shares. Participation of both IP Group
and M&G in the Placing are considered related party
transactions under the AIM Rules.
The independent Directors (being, in relation to the
participation by IP Group, all the Directors save Dr Mark Reilly
and, in relation to the participation by M&G, all the
directors), having consulted with the Company's nominated adviser,
N+1 Singer, consider that the terms of the Substantial
Shareholders' respective participation in the Placing are fair and
reasonable insofar as the Company's Shareholders are concerned.
Save as otherwise defined, capitalised terms used in this
Announcement have the meanings given to them in the announcement
released by the Company on 12 July 2019.
This Announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014 ("MAR"). The person
responsible for arranging the release of this Announcement on
behalf of the Company is Steve Bennetts, Chief Financial Officer,
of the Company.
Enquiries:
Actual Experience plc
Dave Page, Chief Executive Officer via Alma PR
Steve Bennetts, Chief Financial Officer
N+1 Singer Advisory LLP
Shaun Dobson / Lauren Kettle / Iqra Amin Tel: +44 (0)207 496
(Corporate Finance) 3000
Tom Salvesen (Corporate Broking)
Baden Hill
Craig Fraser Tel: +44 (0)207 903
7004
Alma PR
Josh Royston Tel: +44 (0)7780
Caroline Forde 901979
Helena Bogle Tel: +44 (0)7779
664584
Tel: +44 (0)7580
216203
About Actual Experience
Actual Experience enables its partners to proactively optimise
the end user experience for an entire digital business. The
Company's User Experience Management Analytics are human centric
and digital supply chain aware, helping its partners and their
customers transform inconsistent digital services into reliable,
productive, high quality digital services.
By proactively analysing a digital business in this way, Actual
Experience provides actionable evidence to its partners and their
customers, helping them make the right investment decisions to
actively manage their users' experience, resulting in improved
digital services, staff productivity, online brand reputation and
ultimately success for their business.
Actual Experience is listed on the London Stock Exchange (AIM:
ACT). Our corporate headquarters are in Bath, UK, and we also have
offices in London. Actual Experience's unique and patented digital
analytics-as-a-service is founded on ten years of cutting-edge
research at Queen Mary University of London.
For further information please visit
www.actual-experience.com.
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
MSCUVARRKVABAAR
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July 15, 2019 06:17 ET (10:17 GMT)
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