Angle PLC Result of Placing (4017D)
26 June 2019 - 2:19AM
UK Regulatory
TIDMAGL
RNS Number : 4017D
Angle PLC
25 June 2019
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN (THIS
"ANNOUNCEMENT") 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, JAPAN, THE
REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR ANY OTHER
JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION
WOULD BE UNLAWFUL ("RESTRICTED JURISDICTION"). THIS ANNOUNCEMENT IS
NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES. THE
SECURITIES DISCUSSED HEREIN HAVE NOT BEEN AND WILL NOT BE
REGISTERED UNDER THE US SECURITIES ACT OF 1933, AS AMENDED (THE "US
SECURITIES ACT") AND MAY NOT BE OFFERED OR SOLD IN THE UNITED
STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER
THE US SECURITIES ACT. NO PUBLIC OFFERING OF THE SECURITIES
DISCUSSED HEREIN IS BEING MADE IN THE UNITED STATES AND THE
INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFERING OF
SECURITIES FOR SALE IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN,
THE REPUBLIC OF SOUTH AFRICA OR THE REPUBLIC OF IRELAND.
FURTHER, THIS ANNOUNCEMENT IS MADE FOR INFORMATION PURPOSES ONLY
AND DOES NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR SOLICITATION
TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE SHARES IN ANGLE PLC IN
ANY JURISDICTION IN WHICH ANY SUCH, OFFER OR SOLICITATION WOULD BE
UNLAWFUL.
25 June 2019
ANGLE plc
("ANGLE" or the "Company")
Result of Placing
ANGLE plc (AIM:AGL OTCQX:ANPCY), a world-leading liquid biopsy
company, is pleased to announce that, further to the announcement
made earlier today, the Company has successfully raised gross
proceeds of GBP18 million by conditionally placing 29,268,294
Placing Shares at a price of 61.5 pence per New Ordinary Share (the
"Issue Price") with new and existing investors.
The Issue Price was the closing mid-market price of an Ordinary
Share of 61.5 pence on 24 June 2019.
A circular to Shareholders is expected to be posted shortly,
including details of the General Meeting and the Resolutions and
will be available on the Company's website, www.angleplc.com.
The General Meeting will be held at 10.00 a.m. on 12 July 2019
at the offices of the Company at 10 Nugent Road, The Surrey
Research Park, Guildford, Surrey GU2 7AF.
Related Party Transaction
The participation by Jupiter Asset Management Limited
("Jupiter") in the Placing represents a related party transaction
under Rule 13 of the AIM Rules as Jupiter is a substantial
shareholder in the Company.
The Directors of the Company, having consulted with finnCap in
its capacity as the Company's Nominated Adviser for the purposes of
the AIM Rules, consider the terms on which Jupiter is to
participate in the Placing to be fair and reasonable insofar as the
Company's Shareholders are concerned.
General Meeting and Admission
The Placing is conditional, inter alia, upon the passing of the
Resolutions at the General Meeting and upon the relevant Admission
becoming effective.
Upon Admission the Enlarged Issued Share Capital is expected to
be 172,754,816 Ordinary Shares. On this basis, the Placing Shares
will represent approximately 16.94 per cent. of the Company's
Enlarged Issued Share Capital.
Application will be made for the 29,268,294 Placing Shares to be
admitted to trading on AIM.
Subject to the Resolutions having been passed and the Placing
Agreement not having been terminated in accordance with its terms,
it is anticipated that admission of the Placing Shares will occur
at 8.00 a.m. on or around 15 July 2019.
Capitalised terms not otherwise defined in this announcement
shall have the same meaning ascribed to such terms in the
announcement released earlier today unless the context requires
otherwise.
For further information:
ANGLE plc +44 (0) 1483 343434
Andrew Newland, Chief Executive
Ian Griffiths, Finance Director
finnCap Ltd (NOMAD and Joint Broker)
Corporate Finance - Carl Holmes, Simon
Hicks, Max Bullen-Smith
Corporate Broking - Alice Lane, Sunila
de Silva +44 (0)20 7220 0500
WG Partners (Joint Broker)
Nigel Barnes, Nigel Birks, Andrew Craig,
Chris Lee +44 (0) 203 705 9330
Beech Hill Securities (US Broker)
Thomas Lawrence +1 646 574 3171
FTI Consulting
Simon Conway, Ciara Martin
Matthew Ventimiglia (US) +44 (0) 203 727 1000
This Announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014 ("MAR"). Prior to
publication, certain information contained within this Announcement
was deemed to constitute inside information for the purposes of
Article 7 of MAR. In addition, market soundings (as defined in MAR)
were taken in respect of the Placing with the result that certain
persons became aware of inside information (as defined in MAR), as
permitted by MAR. Due to the publication of this Announcement,
those persons that received inside information in a market sounding
are no longer in possession of such inside information relating to
the Company and its securities.
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
ROIMMGZVVKDGLZM
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