TIDMCAPD
RNS Number : 0987L
Capital Drilling Limited
28 September 2016
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER
JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.
FOR IMMEDIATE RELEASE 28 SEPTEMBER 2016
Capital Drilling Limited
("Capital Drilling", the "Group" or "the Company")
COMPLETION OF SECONDARY PLACING
Capital Drilling (LSE: CAPD), a leading drilling solutions
company focused on emerging and developing markets, announces that
further to the announcement released earlier this morning, certain
Directors and founding shareholders of the Company (the "Vendors")
have sold 25,500,000 existing ordinary shares of US$0.0001 in the
Company (the "Placing Shares") at 48p per Placing Share
representing approximately 18.9% of the Company's issued share
capital (the "Placing").
The Placing was conducted through an accelerated bookbuild with
finnCap Ltd ("finnCap") and Tamesis Partners LLP ("Tamesis").
Subsequent to the Placing, and in accordance with Disclosure and
Transparency Rule 3.1.4, the revised shareholdings in the Company
of those Vendors who are directors or PDMRs of the Company under
the Disclosure and Transparency Rules are as follows and the
Notification of Dealing Forms required under the EU Market Abuse
Regulation are set out at the end of this announcement:
Director Placing Shares sold Resultant Shareholding
-------------- --------------------------- ----------------------------
Number of % of issued Number of % of issued
Placing share capital Ordinary share capital
Shares Shares
-------------- ---------- --------------- ----------- ---------------
Jamie Boyton 7,690,949 5.70 20,850,182 15.46
-------------- ---------- --------------- ----------- ---------------
Brian Rudd 5,499,772 4.08 14,909,905 11.05
-------------- ---------- --------------- ----------- ---------------
David Payne 1,165,004 0.86 3,158,333 2.34
-------------- ---------- --------------- ----------- ---------------
Craig Burton 7,670,735 5.69 20,795,394 15.42
-------------- ---------- --------------- ----------- ---------------
Mark Parsons, CEO of Capital Drilling, commented: "Over the last
year Capital Drilling has seen a significant improvement in its
core business which has in turn generated significant demand from a
range of investors for equity in the Company. In recognition of
that demand the Directors have reduced their collective holding
from 70% to 51% through the Placing to a combination of existing
and new shareholders. The completion of this Placing has
simultaneously broadened our shareholder base, satisfied
significant market demand, increased share liquidity, whilst
retaining a substantial stake in the Company for the existing
management team. Capital Drilling is pleased by the positive
response from our new and existing shareholders to the Placing and
we look forward to continuing to generate returns for our broader
shareholder base."
Jamie Boyton, Chairman of Capital Drilling, further commented:
"The founders of Capital Drilling are pleased to have facilitated
the entry of some excellent institutions onto our share register.
The Board and management teams are committed to retaining a
significant stake in the Company, aligning our interests entirely
with all of our shareholders, and we look forward to making further
progress in growing the business, in an improving market for our
drilling services."
For further information, please visit Capital Drilling's website
www.capdrill.com or contact:
Capital Drilling +230 464 3250
Jamie Boyton, Chairman investor@capdrill.com
Mark Parsons, Chief Executive Officer
finnCap +44 (0)20 7220 0500
Christopher Raggett, Corporate Finance
Joanna Scott/Simon Johnson, Corporate Broking
Tamesis +44 (0)20 7389 5021
Richard Greenfield/Charlie Bendon
Buchanan +44 (0)20 7466 5000
Bobby Morse capitaldrilling@buchanan.uk.com
Gemma Mostyn-Owen
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) No 596/2014.
About Capital Drilling
Capital Drilling provides specialised drilling services to
mineral exploration and mining companies in emerging and developing
markets, for exploration, development and production stage
projects. The Company currently owns and operates a fleet of 96
drilling rigs with established operations in Botswana, Chile,
Egypt, Ethiopia, Kenya, Mali, Mauritania, Serbia and Tanzania. The
Group's corporate headquarters is in Mauritius.
Notification of Dealing Forms
1. Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------
a) Name Jamie Boyton
--- ------------------------------- -----------------------------
2. Reason for the Notification
--- --------------------------------------------------------------
a) Position/status Executive Chairman
--- ------------------------------- -----------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- -----------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------------
a) Name Capital Drilling Limited
--- ------------------------------- -----------------------------
b) LEI n/a
--- ------------------------------- -----------------------------
4. Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- --------------------------------------------------------------
a) Description of ordinary shares of US$0.0001
the Financial each ("Ordinary Shares")
instrument, type
of instrument
---
Identification BMG022411000
code
--- ------------------------------- -----------------------------
b) Nature of the Sale of Ordinary Shares
transaction
--- ------------------------------- -----------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
48p 7,690,949
--------- ----------
--- ------------------------------- -----------------------------
d) Aggregated information: Single transaction
* Aggregated volume
* Price
--- ------------------------------- -----------------------------
e) Date of the transaction 28 September 2016
--- ------------------------------- -----------------------------
f) Place of the London Stock Exchange (XLON)
transaction
--- ------------------------------- -----------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------
a) Name Brian Rudd
--- ------------------------------- -----------------------------
2. Reason for the Notification
--- --------------------------------------------------------------
a) Position/status Executive Director
--- ------------------------------- -----------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- -----------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------------
a) Name Capital Drilling Limited
--- ------------------------------- -----------------------------
b) LEI n/a
--- ------------------------------- -----------------------------
4. Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- --------------------------------------------------------------
a) Description of ordinary shares of US$0.0001
the Financial each ("Ordinary Shares")
instrument, type
of instrument
---
Identification BMG022411000
code
--- ------------------------------- -----------------------------
b) Nature of the Sale of Ordinary Shares
transaction
--- ------------------------------- -----------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
48p 5,499,772
--------- ----------
--- ------------------------------- -----------------------------
d) Aggregated information: Single transaction
* Aggregated volume
* Price
--- ------------------------------- -----------------------------
e) Date of the transaction 28 September 2016
--- ------------------------------- -----------------------------
f) Place of the London Stock Exchange (XLON)
transaction
--- ------------------------------- -----------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------------
a) Name David Payne
--- ------------------------------- -------------------------------
2. Reason for the Notification
--- ----------------------------------------------------------------
a) Position/status PDMR - Chief Operating Officer
--- ------------------------------- -------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- -------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------------
a) Name Capital Drilling Limited
--- ------------------------------- -------------------------------
b) LEI n/a
--- ------------------------------- -------------------------------
4. Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- ----------------------------------------------------------------
a) Description of ordinary shares of US$0.0001
the Financial each ("Ordinary Shares")
instrument, type
of instrument
---
Identification BMG022411000
code
--- ------------------------------- -------------------------------
b) Nature of the Sale of Ordinary Shares
transaction
--- ------------------------------- -------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
48p 1,165,004
--------- ----------
--- ------------------------------- -------------------------------
d) Aggregated information: Single transaction
* Aggregated volume
* Price
--- ------------------------------- -------------------------------
e) Date of the transaction 28 September 2016
--- ------------------------------- -------------------------------
f) Place of the London Stock Exchange (XLON)
transaction
--- ------------------------------- -------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------
a) Name Craig Burton
--- ------------------------------- -----------------------------
2. Reason for the Notification
--- --------------------------------------------------------------
a) Position/status Non-Executive Director
--- ------------------------------- -----------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- -----------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------------
a) Name Capital Drilling Limited
--- ------------------------------- -----------------------------
b) LEI n/a
--- ------------------------------- -----------------------------
4. Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- --------------------------------------------------------------
a) Description of ordinary shares of US$0.0001
the Financial each ("Ordinary Shares")
instrument, type
of instrument
---
Identification BMG022411000
code
--- ------------------------------- -----------------------------
b) Nature of the Sale of Ordinary Shares
transaction
--- ------------------------------- -----------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
48p 7,670,735
--------- ----------
--- ------------------------------- -----------------------------
d) Aggregated information: Single transaction
* Aggregated volume
* Price
--- ------------------------------- -----------------------------
e) Date of the transaction 28 September 2016
--- ------------------------------- -----------------------------
f) Place of the London Stock Exchange (XLON)
transaction
--- ------------------------------- -----------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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