TIDMMERI
RNS Number : 2483B
Merian Chrysalis Investment Co. Ltd
06 October 2020
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART,
DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES. THIS
ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM A PART OF ANY OFFER TO
SELL OR SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR
SECURITIES IN THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA,
JAPAN, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (THE "EEA")
OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.
6 October 2020
Merian Chrysalis Investment Company Limited (the "Company")
Update on Placing
Further to the announcement made on 28 September (the "Placing
Announcement") regarding the proposed placing of equity, the
Company wishes to announce that due to significant demand and in
light of committed and pipeline investment opportunities, the
target raise for the Placing has been increased to GBP75
million.
The Company announced on 1 October that it had completed its due
diligence on its target investment, You & Mrs Jones LLC (the
"Target") and had committed to a US$60 million investment in the
Target. The Investment Adviser has a number of follow-on and
pipeline opportunities which it intends to pursue with the surplus
proceeds from the Placing, and expects to deploy the majority of
these proceeds by the end of the year.
The latest time for commitments under the Placing is today at
3.00pm. All terms announced in relation to the Placing remain the
same as in the Placing Announcement and any defined terms used in
this announcement shall have the same meaning as in the Placing
Announcement.
Expected Timetable for the Placing
Event Date
Latest time and date for commitments 3:00 p.m. on 6 October 2020
under the Placing
----------------------------
Trade date 7 October 2020
----------------------------
Admission 8:00 a.m. on 9 October 2020
----------------------------
Crediting of CREST stock accounts 9 October 2020
in respect of the New Shares
----------------------------
For further information, please contact:
Merian Global Investors:
Amelie Shepherd +44 (0) 20 3817 1686
Liberum:
Gillian Martin / Owen Matthews +44 (0) 20 3100 2222
Numis Securities
Nathan Brown / David Benda +44 (0) 20 7260 1000
Maitland Administration (Guernsey)
Limited:
Aimee Gontier / Elaine Smeja +44 (0) 1481 749364
LEI: 213800F9SQ753JQHSW24
Important Notice
Liberum and Numis, which are authorised and regulated in the
United Kingdom by the Financial Conduct Authority, are acting as
joint bookrunners to the Company in connection with the matters
described in this Announcement. Persons receiving this Announcement
should note that the Joint Bookrunners will not be responsible to
anyone other than the Company for providing the protections
afforded to their respective customers, or for advising any other
person on the arrangements described in this Announcement.
The Joint Bookrunners have not authorised the contents of, or
any part of, this Announcement and no liability whatsoever is
accepted by the Joint Bookrunners for the accuracy of any
information or opinions contained in this Announcement or for the
omission of any information. No representation or warranty, express
or implied, is made by the Joint Bookrunners as to the accuracy,
completeness or verification of the information set out in this
Announcement, and nothing contained in this Announcement is, or
shall be relied upon as, a promise or representation in this
respect, whether as to the past or the future. The Joint
Bookrunners do not assume any responsibility for its accuracy,
completeness or verification and accordingly disclaims, to the
fullest extent permitted by applicable law, any and all liability
whether arising in tort, contract or otherwise which it might
otherwise be found to have in respect of this Announcement or any
such statement.
If you are in any doubt about the contents of this Announcement
you should consult your accountant, legal or professional adviser
or financial adviser. It should be remembered that the price of
securities and the income from them can go up as well as down. The
Placing will, subject to the discretion of the Company and to the
extent permitted by applicable law and regulation, only be
available to investors who are resident in the United Kingdom. In
the United Kingdom, members of the public are not invited to
participate in and are not eligible to take part in the Placing.
Participation in the Placing is limited at all times to persons who
are (i) investment professionals within the meaning of paragraph
(5) of Article 19, certified high net worth individuals within the
meaning of paragraph (2) of Article 48 or high net worth companies
or unincorporated associations within the meaning of paragraph (2)
of Article 49, of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (S1 2005/1529); and (ii) qualified
investors within the meaning of section 86(7) of Financial Services
and Markets Act 2000 (all such persons together being referred to
as "relevant persons"). Any person who is not a relevant person
should not act or rely on this Announcement or any of its
contents.
Any investment, or investment activity to which this
Announcement relates, is available in the United Kingdom to
relevant persons only and will be engaged in only with relevant
persons. By receiving this Announcement, you are deemed to warrant
to the Company and the Joint Bookrunners that you fall within the
categories of person described above. No ordinary shares in the
capital of the Company have been offered or sold or will be offered
or sold to persons in the United Kingdom prior to publication of
this Announcement except in circumstances which have not resulted
in an offer to the public in the United Kingdom within the meaning
of section 102B of the FSMA.
This Announcement must not be acted on or relied upon by any
person in any member state of the EEA.
This Announcement has been prepared on the basis that all offers
of Placing Shares will be made pursuant to any exemption under the
Prospectus Regulation from the requirement to produce a prospectus
for offers of Placing Shares. Accordingly, any person making or
intending to make any offer within the United Kingdom or the EEA of
or for ordinary shares in the capital of the Company which are not
the subject of the Placing contemplated in this Announcement should
only do so in circumstances in which no obligation arises for the
Company or the Joint Bookrunners to produce a prospectus. Neither
the Company nor the Joint Bookrunners have authorised, nor do they
authorise, the making of any offer of ordinary shares through any
financial intermediary, other than offers made by the Joint
Bookrunners which constitute the final placement of Placing Shares
contemplated in this Announcement.
In the case of any Placing Shares being offered to a financial
intermediary as that term is used and defined in section 86(7) of
the Financial Services and Markets Act 2000, such financial
intermediary will also be deemed to have represented, acknowledged
and agreed that the Placing Shares acquired by it in the Placing
have not been acquired on a nondiscretionary basis on behalf of,
nor have they been acquired with a view to their offer or resale
to, persons in circumstances which may give rise to an offer of any
Placing Shares to the public other than their offer or resale in a
relevant member state to qualified investors as so defined or in
circumstances in which the prior consent of the Company or the
Joint Bookrunners has been obtained to each such proposed offer or
resale. Each of the Company and the Joint Bookrunners and their
respective affiliates will rely on the truth and accuracy of the
foregoing representation, acknowledgement and agreement.
This Announcement does not constitute or form part of any offer
or invitation to sell or issue, or any solicitation of any offer to
purchase or subscribe for, any Placing Shares (i) in any
jurisdiction in which such offer, invitation or solicitation is not
authorised; (ii) in any jurisdiction in which the person making
such offer, invitation or solicitation is not qualified to do so;
or (iii) to any person to whom it is unlawful to make such offer,
invitation or solicitation. The distribution of this Announcement
and the offer of the Placing Shares may be restricted by law.
Persons into whose possession this Announcement comes must
therefore inform themselves about and observe any such
restrictions. Any failure to comply with these restrictions may
constitute a violation of the securities laws of any such
jurisdiction. In particular, this Announcement may not be
distributed, forwarded to or transmitted in, into or from the
United States, Australia, Canada, Japan, South Africa, or any
member state of the EEA or to any US person (as defined under
Regulation S of the US Securities Act of 1933, as amended (the "US
Securities Act")) ("US Person"). The Placing Shares have not been,
and will not be, registered under the US Securities Act, or under
any securities laws of any state or other jurisdiction of the
United States and may not be offered, sold, resold, transferred or
delivered, directly or indirectly, in or into the United States or
to, or for the account or benefit of, any US Person, except
pursuant to an applicable exemption from the registration
requirements of the US Securities Act and in compliance with the
securities laws of any state or other jurisdiction of the United
States. Any person within the United States and any US person who
obtains a copy of this Announcement must disregard it. No public
offering of the Placing Shares is being made in any jurisdiction.
No action has been or
will be taken by the Company or the Joint Bookrunners that would
permit the offer of the Placing Shares or possession or
distribution of this Announcement in any jurisdiction where action
for that purpose is required.
All statements in this Announcement other than statements of
historical fact are, or may be deemed to be, "forward-looking
statements". In some cases, these forward-looking statements may be
identified by the use of forward-looking terminology, including the
terms "targets", "believes", "estimates", "anticipates", "expects",
"intends", "may", "will" or "should" or, in each case, their
negative or other variations or comparable terminology. They appear
in a number of places throughout the Announcement and include
statements regarding the intentions, beliefs or current
expectations of the Company and/or its directors concerning, among
other things, the performance, results of operations, financial
condition, liquidity, prospects and dividend policy of the Company.
By their nature, forward-looking statements involve risks and
uncertainties because they relate to events and depend on
circumstances that may or may not occur in the future.
Forward-looking statements are not guarantees of future
performance. The Company's actual performance, result of
operations, financial condition, liquidity and dividend policy may
differ materially from the impression created by the
forward-looking statements contained in this Announcement. In
addition, even if the performance, results of statements contained
in this Announcement, those results or developments may not be
indicative of results or developments in subsequent periods.
Important factors that may cause these differences include, but are
not limited to, changes in economic conditions generally; changes
in interest rates and currency fluctuations; impairments in the
value of the Company's assets; legislative/regulatory changes;
changes in taxation regimes; the availability and cost of capital
for future expenditure; the availability of suitable financing.
Prospective investors should specifically consider the factors
identified in this Announcement which could cause actual results to
differ before making an investment decision.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
FURMZMGGGVVGGZM
(END) Dow Jones Newswires
October 06, 2020 06:20 ET (10:20 GMT)
Chrysalis Investments (LSE:CHRY)
Historical Stock Chart
From Apr 2024 to May 2024
Chrysalis Investments (LSE:CHRY)
Historical Stock Chart
From May 2023 to May 2024