TIDMCNMI
RNS Number : 7625M
Camper & Nicholsons Marina Inv Ltd
01 August 2017
Camper & Nicholsons Marina Investments Limited
("CNMI" or the "Company")
Results of Open Offer and EGM
The Company is pleased to announce that at its Extraordinary
General Meeting held earlier today, the resolution put to
Shareholders was duly passed. Accordingly, the Company will
complete the Open Offer as announced on 14 July 2017.
Highlights:
-- GBP3.3 million (before expenses) raised pursuant to the Open
Offer following shareholder approval at the Extraordinary General
Meeting
-- Applications received for 25,452,256 New Ordinary Shares,
representing a take-up rate of 61.4 per cent.
-- The remaining 15,993,833 New Ordinary Shares have all been
taken up by First Eastern Holdings, pursuant to the Underwriting
Agreement
-- First Eastern Holdings and FE Marina Investments now hold
67.16 per cent. of the Company's enlarged issued share capital
-- Net proceeds from the Open Offer, to be used by the Company
for general working capital purposes across the Company and the
Group, will allow the Company to optimise value through the
execution of its strategic plan to develop and reposition its
assets
Sir Christopher Lewinton, Chairman of the Company,
commented:
"We are delighted to have received such a strong level of
support for our proposals from our investors to enable us to
execute our strategic plan to enable the Company to develop and
reposition our assets."
The Company has received valid acceptances in respect of
25,452,256 New Ordinary Shares from Qualifying Shareholders,
representing a take-up rate of 61.4 per cent.
The remaining 15,993,833 New Ordinary Shares that were the
subject of the Open Offer have been subscribed for by First Eastern
Holdings pursuant to the Underwriting Agreement. It has also
subscribed for 14,276,966 New Ordinary Shares, being its
entitlement under the Open Offer, and has therefore subscribed for
a total of 30,270,799 New Ordinary Shares representing, in
aggregate, 73.04 per cent. of the New Ordinary Shares being
issued.
In addition, FE Marina Investments has subscribed for 10,360,451
New Ordinary Shares being its entitlement under the Open Offer,
representing 34.45 per cent. of the total number of New Ordinary
Shares being issued.
Following the issue of the New Ordinary Shares, First Eastern
Holdings and FE Marina Investments will, in aggregate, hold
139,180,925 Ordinary Shares, representing 67.16 per cent. of the
Company's issued share capital. The aggregate holding of the
Concert Party will be 141,930,924 Ordinary Shares, representing
68.49 per cent. of the Company's issued share capital.
Directors' Shareholdings
On Admission
Director Number of Ordinary Percentage
Shares of Enlarged
Share Capital
Sir Christopher
Lewinton 5,189,050 2.50
Roger Lewis 750,000 0.36
Clive Whiley* 2,750,000 1.33
Martin Bralsford** 5,854,349 2.83
Elizabeth Kan*** - -
Victor Chu*** - -
* Mr Whiley's shares are held by the Zodiac Executive Pension
Scheme of which he is a beneficiary
** Included within Mr Bralsford's shareholding are 1,300,000
ordinary shares (0.63 per cent. of the enlarged issued share
capital) owned by Dirac Ltd, a company incorporated in Jersey, of
which Mr Bralsford is the sole Director and beneficiary.
*** Mr Chu and Ms Kan have an indirect interest in the Company
through their equity holdings in First Eastern Holdings and FE
Marina Investments, which, together own 67.16 per cent. of the
Company's enlarged issued share capital.
Details of the full notifications received by the Company in
accordance with the requirements of the EU Market Abuse Regulation
are set out below.
Admission
Application has been made to the London Stock Exchange for the
41,446,089 New Ordinary Shares, which rank pari passu with the
Existing Ordinary Shares, to be admitted to trading on AIM. It is
expected that Admission will become effective and that dealings
will commence in the New Ordinary Shares at 8:00 a.m. on 2 August
2017.
Total Voting Rights
Following the issue of New Ordinary Shares, the Company will
have 207,230,447 Ordinary Shares in issue. There are no shares held
in treasury. The total of the voting rights in the Company is
therefore 207,230,447 and Shareholders may use this figure as the
denominator by which they are required to notify their interest in,
or change to their interest in, the Company under the Disclosure
and Transparency Rules.
Capitalised terms in this announcement, unless the context
requires otherwise, shall have the same definition as in the
circular sent to shareholders on 14 July 2017.
For further information contact:
Camper & Nicholsons Marina
Investments Limited
Sir Christopher Lewinton Tel: +44 (0)1481
/ Clive Whiley 711144
finnCap Ltd
Christopher Raggett / Emily Tel: +44 (0)20
Watts / Kate Bannatyne 7220 0500
1. Details of the person discharging managerial
responsibilities/person closely associated
--- --------------------------------------------------------------------------
a) Name: Roger Lewis
--- --------------------------------- ---------------------------------------
2. Reason for the notification
--- --------------------------------------------------------------------------
a) Position/status: Director
--- --------------------------------- ---------------------------------------
b) Initial notification/Amendment: Initial notification
--- --------------------------------- ---------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- --------------------------------------------------------------------------
a) Name: Camper & Nicholsons Marina Investments
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 the financial Ordinary shares of no par value
instrument, type of instrument: GG00B1FCZR96
Identification code:
--- --------------------------------- ---------------------------------------
b) Nature of the transaction: Purchase of shares through the
Open Offer
--- --------------------------------- ---------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
--------- ----------
8p 150,000
--------- ----------
--- --------------------------------- ---------------------------------------
d) Aggregated information: Single transaction as in 4 c)
* Aggregated volume: above Price(s) Volume(s)
--------- ----------
8p 150,000
* Price: --------- ----------
--- --------------------------------- ---------------------------------------
e) Date of the transaction: 2 August 2017
--- --------------------------------- ---------------------------------------
f) Place of the transaction: London Stock Exchange, AIM (XLON)
--- --------------------------------- ---------------------------------------
1. Details of the person discharging managerial
responsibilities/person closely associated
--- --------------------------------------------------------------------------
a) Name: Clive Whiley
--- --------------------------------- ---------------------------------------
2. Reason for the notification
--- --------------------------------------------------------------------------
a) Position/status: Director
--- --------------------------------- ---------------------------------------
b) Initial notification/Amendment: Initial notification
--- --------------------------------- ---------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- --------------------------------------------------------------------------
a) Name: Camper & Nicholsons Marina Investments
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 the financial Ordinary shares of no par value
instrument, type of instrument: GG00B1FCZR96
Identification code:
--- --------------------------------- ---------------------------------------
b) Nature of the transaction: Purchase of shares through the
Open Offer
--- --------------------------------- ---------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
--------- ----------
8p 550,000
--------- ----------
--- --------------------------------- ---------------------------------------
d) Aggregated information: Single transaction as in 4 c)
* Aggregated volume: above Price(s) Volume(s)
--------- ----------
8p 550,000
* Price: --------- ----------
--- --------------------------------- ---------------------------------------
e) Date of the transaction: 2 August 2017
--- --------------------------------- ---------------------------------------
f) Place of the transaction: London Stock Exchange, AIM (XLON)
--- --------------------------------- ---------------------------------------
1. Details of the person discharging managerial
responsibilities/person closely associated
--- --------------------------------------------------------------------------
a) Name: FE Marina Investments Limited
--- --------------------------------- ---------------------------------------
2. Reason for the notification
--- --------------------------------------------------------------------------
a) Position/status: PCA to Victor Chu, Director of
the Company
--- --------------------------------- ---------------------------------------
b) Initial notification/Amendment: Initial notification
--- --------------------------------- ---------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- --------------------------------------------------------------------------
a) Name: Camper & Nicholsons Marina Investments
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 the financial Ordinary shares of no par value
instrument, type of instrument: GG00B1FCZR96
Identification code:
--- --------------------------------- ---------------------------------------
b) Nature of the transaction: Purchase of shares through the
Open Offer
--- --------------------------------- ---------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
--------- -----------
8p 10,360,451
--------- -----------
--- --------------------------------- ---------------------------------------
d) Aggregated information: Single transaction as in 4 c)
* Aggregated volume: above Price(s) Volume(s)
--------- -----------
8p 10,360,451
* Price: --------- -----------
--- --------------------------------- ---------------------------------------
e) Date of the transaction: 2 August 2017
--- --------------------------------- ---------------------------------------
f) Place of the transaction: London Stock Exchange, AIM (XLON)
--- --------------------------------- ---------------------------------------
1. Details of the person discharging managerial
responsibilities/person closely associated
--- --------------------------------------------------------------------------
a) Name: First Eastern (Holdings) Limited
--- --------------------------------- ---------------------------------------
2. Reason for the notification
--- --------------------------------------------------------------------------
a) Position/status: PCA to Victor Chu, Director of
the Company
--- --------------------------------- ---------------------------------------
b) Initial notification/Amendment: Initial notification
--- --------------------------------- ---------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- --------------------------------------------------------------------------
a) Name: Camper & Nicholsons Marina Investments
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 the financial Ordinary shares of no par value
instrument, type of instrument: GG00B1FCZR96
Identification code:
--- --------------------------------- ---------------------------------------
b) Nature of the transaction: Purchase of shares through the
Open Offer
--- --------------------------------- ---------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
--------- -----------
8p 30,270,799
--------- -----------
--- --------------------------------- ---------------------------------------
d) Aggregated information: Single transaction as in 4 c)
* Aggregated volume: above Price(s) Volume(s)
--------- -----------
8p 30,270,799
* Price: --------- -----------
--- --------------------------------- ---------------------------------------
e) Date of the transaction: 2 August 2017
--- --------------------------------- ---------------------------------------
f) Place of the transaction: London Stock Exchange, AIM (XLON)
--- --------------------------------- ---------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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