Peel Hunt LLP Completed Secondary Placing (1358V)
04 April 2019 - 7:40PM
UK Regulatory
TIDMCAPD
RNS Number : 1358V
Peel Hunt LLP
04 April 2019
4 April 2019
Completed Secondary Placing in Capital Drilling Limited
NOT FOR DISTRIBUTION IN THE UNITED STATES (INCLUDING ITS
TERRITORIES AND POSSESSIONS), CANADA, JAPAN, AUSTRALIA OR THE
REPUBLIC OF SOUTH AFRICA. THE INFORMATION CONTAINED HEREIN IS NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,
IN OR INTO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA OR THE
REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE
DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS
ANNOUNCEMENT.
Placing of 10,000,000 ordinary shares in Capital Drilling
Limited ("Capital Drilling" or the "Company")
Craig Burton, a founder and former director of Capital Drilling,
(the "Seller") has sold, subject to completion, 10,000,000 ordinary
shares in the Company (the "Placing Shares") at a price of 48 pence
per share (the "Placing"). The Placing Shares represent
approximately 7.3% of the Company's issued share capital.
Settlement of the Placing is expected to occur on a T+2 basis on
or around 8 April 2019.
The Company will not receive any proceeds from the Placing.
The Ordinary Shares held by the Seller following completion of
the Placing, amounting to 10,795,394 Ordinary Shares will be
subject to a six month lock-up which is subject to certain
exceptions and may otherwise only be waived with the consent of
Peel Hunt LLP and Tamesis Partners LLP (the "Joint
Bookrunners").
Market Abuse Regulation
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulation. Upon the publication of this announcement via a
regulatory information service, this inside information is now
considered to be in the public domain.
Enquiries:
Peel Hunt LLP +44 207 478 8900
Ross Allister, James Bavister, David McKeown
Tamesis Partners LLP +44 203 882 2868
Charlie Bendon, Richard Greenfield
DISCLAIMER
This announcement and the information contained herein may not
be published, distributed or transmitted, directly or indirectly,
in the United States (including its territories and possessions),
Canada, Australia, Japan or the Republic of South Africa or any
other jurisdiction where such an announcement would be unlawful.
The distribution of this announcement may be restricted by law in
certain jurisdictions and persons into whose possession this
document or other information referred to herein comes should
inform themselves about and observe any such restriction. Any
failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction. This
announcement and the information contained herein are for
information purposes only and do not constitute or form part of any
offer of securities for sale or a solicitation of an offer to
purchase securities in the United States, Australia, Canada, Japan,
the Republic of South Africa or any other jurisdiction.
In the United Kingdom, this announcement is only directed at
persons who are qualified investors (as defined below) and (i) are
investment professionals falling within Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 (as amended) (the "Order") or (ii) are persons falling within
Article 49(2)(a) to (d) of the Order (high net worth companies,
unincorporated associations, etc.) (all such persons together being
referred to as "Relevant Persons"). This announcement is directed
only at Relevant Persons and must not be acted on or relied on by
persons who are not Relevant Persons. Any investment or investment
activity to which this announcement relates is available only to
Relevant Persons and will be engaged in only with Relevant
Persons.
In member states of the European Economic Area (EEA) which have
implemented the Prospectus Directive (each, a "Relevant Member
State"), this announcement and any offer if made is directed
exclusively at persons who are "qualified investors" within the
meaning of the Prospectus Directive ("qualified investors"). For
these purposes, the expression "Prospectus Directive" means
Directive 2003/71/EC (and amendments thereto, including the 2010 PD
Amending Directive, to the extent implemented in a Relevant Member
State), and includes any relevant implementing measure in the
Relevant Member State and the expression "2010 PD Amending
Directive" means Directive 2010/73/EU.
The distribution of this announcement and the offering or sale
of the Placing Shares in certain jurisdictions may be restricted by
law. No action has been taken that would permit an offering of
securities or possession or distribution of this announcement in
any jurisdiction where action for that purpose is required. Persons
into whose possession this announcement comes are required to
inform themselves about and to observe any such restrictions. No
prospectus or offering document has been or will be prepared in
connection with the Placing. Any investment decision to buy
securities in the Placing must be made solely on the basis of
publicly available information. Such information is not the
responsibility of and has not been independently verified by any of
the Seller, the Joint Bookrunners or any of their respective
affiliates.
The Joint Bookrunners are authorised and regulated by the
Financial Conduct Authority in the United Kingdom. The Joint
Bookrunners are acting only for the Seller in connection with the
Placing and will not be responsible to anyone other than the Seller
for providing the protections offered to their respective clients
nor for providing advice in relation to the Placing or any matters
referred to in this announcement.
In connection with any offering of the Placing Shares, the Joint
Bookrunners and/or any respective affiliates may take up a portion
of the securities in the offering as a principal position and in
that capacity may retain, purchase or sell for their own account
such securities. The Joint Bookrunners do not intend to disclose
the extent of any such investment or transactions otherwise than in
accordance with any legal or regulatory obligation to do so.
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
MSCIIMPTMBJMMRL
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