TIDMAGM
RNS Number : 9897U
Applied Graphene Materials PLC
30 October 2017
THIS 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, JAPAN, THE REPUBLIC OF SOUTH
AFRICA, THE REPUBLIC OF IRELAND, NEW ZEALAND OR ANY OTHER
JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION
WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT
CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION,
OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE
OR DISPOSE OF ANY SECURITIES IN APPLIED GRAPHENE MATERIALS PLC OR
ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR
THE FACT OF ITS DISTRIBUTION, SHALL FORM THE BASIS OF, OR BE RELIED
ON IN CONNECTION WITH ANY INVESTMENT DECISION IN RESPECT OF APPLIED
GRAPHENE MATERIALS PLC.
30 October 2017
Applied Graphene Materials plc
('Applied Graphene Materials' or 'the Company')
Results of Open Offer and General Meeting
and Total Voting Rights
On 10 October 2017, Applied Graphene Materials (AIM: AGM), the
producer of specialty graphene materials, announced the
Fundraising, subject to Shareholder approval, by way of a placing
and open offer. The Gross Proceeds of the Fundraising will be
approximately GBP9.77 million.
Result of Open Offer
In addition to the Placing, the Fundraising included an open
offer of up to 2,786,345 New Ordinary Shares at an issue price of
36 pence per New Ordinary Share, which closed for acceptances at
11.00 a.m. on 27 October 2017. The Company is pleased to announce
that valid applications have been received from Qualifying
Shareholders in respect of 2,138,617 Open Offer Shares, including
applications for 746,117 Open Offer Shares in respect of
Shareholders' Basic Entitlements and applications for 1,392,500
Open Offer Shares under the Excess Application Facility.
Qualifying Shareholders who have validly applied for Open Offer
Shares will receive their Basic Entitlement, or such lesser number
applied for, in full and 100 per cent. of any Ordinary Shares
applied for under the Excess Application Facility.
Result of General Meeting
The Board is also pleased to announce that at the General
Meeting held earlier today, the Resolutions proposed to approve the
Fundraising were duly passed.
The Fundraising remains conditional upon Admission becoming
effective on or before 8.00 a.m. on 31 October 2017 (or such later
time and/or date, being no later than 8.00 a.m. on 30 November
2017, as the Company and N+1 Singer may agree). Application has
been made for the 27,138,617 New Ordinary Shares to be admitted to
trading on AIM with Admission expected to become effective at 8.00
a.m. on 31 October 2017.
Total Voting Rights
On Admission, the Company will have 49,429,380 Ordinary Shares
in issue and no shares are held in treasury. Therefore the
Company's total number of Ordinary Shares with voting rights will
be 49,429,380.
The above figure of 49,429,380 may be used by Shareholders as
the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to
their interest in, the Company under the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.
All defined terms in this announcement shall have the meanings
ascribed to them in the circular published by the Company on 12
October 2017.
Enquiries:
Applied Graphene Materials plc
Jon Mabbitt, Chief Executive Officer
Gareth Jones, Chief Financial Officer +44 (0)1642 438 214
N+1 Singer (Nominated Adviser & Broker)
Richard Lindley
James White +44 (0)20 7496 3000
Nplus1 Singer Advisory LLP ("N+1 Singer") is acting as Nominated
Adviser and broker to the Company in relation to the Fundraising.
N+1 Singer, which is a member of the London Stock Exchange and is
authorised and regulated in the United Kingdom by the Financial
Conduct Authority, is acting for the Company and for no one else in
relation to the Fundraising. N+1 Singer will not be responsible to
any other person for providing the protections afforded to its
clients nor for advising any other person in connection with the
matters contained in this announcement.
This announcement has been issued by, and is the sole
responsibility of, the Company. N+1 Singer has not authorised the
contents of any part of this announcement and no representation or
warranty, express or implied, is or will be made as to, or in
relation to, and no responsibility or liability is or will be
accepted by N+1 Singer, or by any of its respective affiliates or
agents, as to or in relation to, the accuracy or completeness of
this announcement or any other written or oral information made
available to any interested party, and any liability therefore is
expressly disclaimed.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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