eServGlobal Limited Results of Entitlement Offer (5156W)
15 November 2017 - 6:01PM
UK Regulatory
TIDMESG
RNS Number : 5156W
eServGlobal Limited
15 November 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 OF AMERICA, CANADA, JAPAN, THE REPUBLIC OF SOUTH
AFRICA, OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE,
PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR
REGULATIONS.
Results of Entitlement Offer
Sydney: 15 November 2017
eServGlobal Limited (AIM: ESG, ASX: ESV) ("eServGlobal" or the
"Company")
eServGlobal is pleased to announce the successful completion of
the retail component ("Retail Offer") of its 1 for 3 accelerated
non-renounceable entitlement offer ("Entitlement Offer").
Completion of the Retail Offer represents the second stage of
the Company's approximately GBP24.0 million Fundraising, announced
on 20 October 2017.
The institutional component of the Entitlement Offer
("Institutional Offer") closed on 20 October 2017, as announced on
the ASX and AIM on the same day and raised approximately GBP15.8
million.
The Retail Offer was strongly supported by the Company's retail
shareholders. The Company received valid applications from
Qualifying Holders for approximately 28,237,312 shares ("Retail
Offer Shares") (approximately GBP2.54 million) representing 74.92%
of the Retail Offer.
The approximately 9,450,634 New Ordinary Shares not taken up by
Qualifying Holders under the Retail Offer have been allocated to
the institutional investor who has agreed to subscribe for these
Retail Offer Shares in the Clawback Placing ("Clawback Placing
Shares").
It is expected that admission of the 28,237,312 Retail Offer
Shares and the 9,450,634 Clawback Placing Shares in the form of
Depository Interests on AIM will take place at 8.00 a.m. on 20
November 2017 in accordance with the published timetable for the
Entitlement Offer ("Admission"). Following Admission, the Company
will have 906,850,662 Ordinary Shares in issue. There are no shares
held in treasury. The total voting rights will therefore be
906,850,662. This figure 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 FCA's Disclosure Guidance and
Transparency Rules.
Directors' shareholdings
The following Directors and their PCAs made applications to
subscribe for, in aggregate 721,399 Retail Offer Shares, as
detailed in the table below:
Director Number of Retail Total shares Resultant
Offer Shares held following Holding (%)
subscribed Admission
for
------------------- ----------------- ---------------- -------------
John Conoley 221,962 1,596,638 0.17
------------------- ----------------- ---------------- -------------
Fiona Conoley
(spouse of
John Conoley) 110,855 636,590 0.07
------------------- ----------------- ---------------- -------------
Total (held
directly and
indirectly
by John Conoley) 332,817 2,233,228 0.25
------------------- ----------------- ---------------- -------------
Stephen Baldwin 388,582 1,554,332 0.17
------------------- ----------------- ---------------- -------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ---------------------------------------------------------------
a) Name John Conoley
--- ------------------------------- ------------------------------
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 eServGlobal Ltd
--- ------------------------------- ------------------------------
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 Depository interests
the Financial
instrument, type
of instrument
---
Identification AU0000ESVAR5
code
--- ------------------------------- ------------------------------
b) Nature of the Subscription for Depository
transaction Interests
--- ------------------------------- ------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBP0.09 332,817
---------- ----------
--- ------------------------------- ------------------------------
d) Aggregated information: In relation to Mr. Conoley,
* Aggregated volume 221,962 depository interests
of no par value purchased
at 9 pence per depository
* Price interest.
In relation to Mrs. Conoley,
110,855 depository interests
of no par value purchased
at 9 pence per depository
interest.
--- ------------------------------- ------------------------------
e) Date of the transaction 10 November 2017
--- ------------------------------- ------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- ------------------------------
5. Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------------------
a) Name Stephen Baldwin
--- ------------------------------- ----------------------------------
6. Reason for the Notification
--- -------------------------------------------------------------------
a) Position/status Director
--- ------------------------------- ----------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- ----------------------------------
7. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -------------------------------------------------------------------
a) Name eServGlobal Ltd
--- ------------------------------- ----------------------------------
b) LEI n/a
--- ------------------------------- ----------------------------------
8. 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 Fully Paid Shares
the Financial
instrument, type
of instrument
---
Identification AU0000ESVAR5
code
--- ------------------------------- ----------------------------------
b) Nature of the Subscription for Ordinary
transaction Fully Paid Shares
--- ------------------------------- ----------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
A$0.15 388,582
---------- ----------
--- ------------------------------- ----------------------------------
d) Aggregated information: 388,582 ordinary fully paid
* Aggregated volume shares of no par value purchased
at A$0.15 per share.
* Price
--- ------------------------------- ----------------------------------
e) Date of the transaction 10 November 2017
--- ------------------------------- ----------------------------------
f) Place of the Australian Securities Exchange
transaction (ASX)
--- ------------------------------- ----------------------------------
All capitalised terms in this announcement and not otherwise
defined shall have the meaning given to them in the Retail Offer
Booklet dated 27 October 2017.
This announcement contains inside information for the purposes
of Article 7 of Regulation 596/2014.
Enquiries:
eServGlobal www.eservglobal.com
Tom Rowe, Company Secretary investors@eservglobal.com
Alison Cheek, VP Corporate
Communications
Andrew Hayward, Chief Financial
Officer
finnCap Ltd (Nomad and Broker) www.finnCap.com
Corporate Finance T: +44 (0) 20 7220
Jonny Franklin-Adams / Anthony 0500
Adams / Hannah Boros
Corporate Broking
Tim Redfern/ Richard Chambers
Veritas Securities Limited,
Joint Broker (Australia)
Robert Scappatura +61 2 8252 3200
Alma PR (Financial Public www.almapr.co.uk
Relations) T: +44 (0) 208 004
Hilary Buchanan / John Coles 4218
This information is provided by RNS
The company news service from the London Stock Exchange
END
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