Draper Esprit PLC FCA approval - issue of equity (0854N)
04 August 2017 - 4:00PM
UK Regulatory
TIDMGROW
RNS Number : 0854N
Draper Esprit PLC
04 August 2017
04 August 2017
Draper Esprit plc
("Draper Esprit" or the "Company")
FCA approval - issue of equity
As set out in the announcement dated 2 June 2017 in respect of
the placing and subscription to raise an additional GBP100 million,
Invesco Perpetual agreed to subscribe for: (i) 13,580,247 Ordinary
Shares at 324 pence ("the Issue Price") per Ordinary Share pursuant
to the Placing; and (ii) subject to the receipt of approval from
the FCA under section 185 of FSMA, 1,851,851 Ordinary Shares at the
Issue Price pursuant to the Invesco Perpetual Subscription
Agreement, representing, in aggregate 21.5 per cent. of the
Enlarged Share Capital. The Company is pleased to announce that
Invesco Perpetual has now received the necessary approval from the
FCA.
Accordingly, application has been made to the London Stock
Exchange and the Irish Stock Exchange for 1,851,851 Ordinary Shares
to be admitted to trading on AIM and ESM respectively. It is
expected that admission will become effective and that dealings in
the shares will commence on 7 August 2017. Following admission, the
Company will have 71,611,773 Ordinary Shares in issue.
Terms used in the announcement but not defined have the meaning
as set out in the announcement dated 2 June 2017.
Ends
For further information, please contact:
Draper Esprit plc
Simon Cook (Chief Executive Officer)
Ben Wilkinson (Chief Financial Officer) +44 (0)20 7931 8800
Numis Securities
Nominated Adviser & Joint Broker
Alex Ham
Richard Thomas
Jamie Loughborough
Harry Trueman +44 (0)20 7260 1000
Goodbody Stockbrokers
ESM Adviser & Joint Broker
Don Harrington
Linda Hickey
Charlotte Craigie
Richard Tunney +353 1 667 0420
Belvedere Communications (PR)
John West
Kim van Beeck +44 (0)20 3567 0510
Notes to Editors
Draper Esprit (www.draperesprit.com) was founded in 2006, and is
one of the largest and most active VC firms in Europe, helping
entrepreneurs to build global ground-breaking technology companies
through hands-on board level support, internationalisation and
commercialisation activities and investment.
In 2016, with the support of new institutional investors and
existing shareholders, Draper Esprit transformed into a listed PLC
model (LSE: GROW.L, ESM GRW.I) to take a longer term, multi-stage,
patient capital approach. In recent years, Draper Esprit's exits
have generated more than $4.0 billion in combined enterprise
value.
Draper Esprit is the exclusive Western European member of the
Silicon Valley-based Draper Global Network, with offices around the
world and portfolio companies including Baidu, Skype, Space X,
Tesla and other world leading companies.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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